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DETROIT, MI - DECEMBER 3:  People protest outside the U.S. Courthouse where federal bankruptcy Judge Steven Rhodes is to rule on Detroit's Chapter 9 bankruptcy eligibility December 3, 2013 in Detroit, Michigan. Judge Rhodes ruled that the city is eligible for bankruptcy protection and that pensions can be cut. Detroit is the largest city in U.S. history to file for bankruptcy.  (Photo by Bill Pugliano/Getty Images)
DETROIT, MI - DECEMBER 3: People protest outside the U.S. Courthouse where federal bankruptcy Judge Steven Rhodes is to rule on Detroit's Chapter 9 bankruptcy eligibility December 3, 2013 in Detroit, Michigan. Judge Rhodes ruled that the city is eligible for bankruptcy protection and that pensions can be cut. Detroit is the largest city in U.S. history to file for bankruptcy. (Photo by Bill Pugliano/Getty Images)
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Why Are Cities Going Bankrupt?

The big difference is that it would take longer for Detroit to go bankrupt than Bozeman, Belgrade or Livingston.

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