Detroit, Los Angeles Both Bankrupt.

Film at never o'clock.

One of the easier quips about Socialism is: The main problem with Socialism is that eventually you run out of other people's money to spend. Well, that's also a problem with big-government, pro-union left-leaning city governments. Detroit and Los Angeles are both bankrupt economically. It is quite possible that they will both be bankrupt and in court getting reorganization plans made up within a year.

Look for this to be a very surprising development if it ever makes your nightly newscast.