Nah, let it go into bankruptcy...biggest city ever to file.
A nice start to Part II of the Obamanation.
Born and raised in a northern suburb of Detroit - moved from there in 1985 and have not regretted since, still enjoy visiting upper Michigan [ above US10] and the upper penisula ---
New York City came close and somewhat for the same reason;
see search --- "History of New York City [1946-1977] --in Wikipedia ------ near end of article
or go to;
http.//en.wikipedia.org/wiki/History_of_New_York_City_(1946%E2%80%931977)
....... US economic stagnation in the 1970s hit New York City particularly hard, as trading on the New York Stock Exchange fell while the city's welfare spending continued. The city neared bankruptcy during the administration of Mayor Abraham Beame but avoided that fate with the aid of a large federal loan. A statement by Mayor Beame was drafted and ready to be released on October 17, 1975, if the teachers' union did not invest $150 million from its pension funds in city securities. "I have been advised by the comptroller that the City of New York has insufficient cash on hand to meet debt obligations due today," the statement said. "This constitutes the default that we have struggled to avoid."[8] The Beame statement was never distributed because Albert Shanker, the teachers' union president, finally furnished $150 million from the union's pension fund to buy Municipal Assistance Corporation bonds. Two weeks later, President Gerald R. Ford angered many New Yorkers by refusing to grant the city a bailout, a decision famously summarized by the New York Daily News headline "Ford to City: Drop Dead."
Think it could happen in Detroit, with this administration?