I think so, but I'm not sure. It's definitely much less than before.

Thunderdome? Mad max reference?
They had a big economy based on building cars for the longest times. 
Do any car manufactures still make cars in detroit?


Satosora

I think it's mostly pensions, but also some bond obligations.

Yeah, Detroit's rebounding. It had also been declining since the 60's so it's not likely to get back to where it had been. Eventually, people get through economic downturns. I'm not expecting anywhere to turn into Thunderdome.

Undisciplined

econ

Texas Manufacturing Slump Deepens in July

TomK

Unfunded liabilities, are those the mature pensions?
Detroit took a big hit for a few years, but they are picking themselves up. 