I suppose it is now official: Detroit has gone bankrupt, or, at the very least, has sought protection from its creditors in a federal bankruptcy court. What was once the nation's fourth most populous city is now the biggest municipality ever to throw up its hands in financial despair.

Detroit is a place I once called home. Even when the city was healthy, it scared me. I recall driving by some of the giant auto factories. Most of my classmates were headed there. You could make a decent living in those plants, enough for a small home in the city itself, and a small place "up north," three or four hours away near Oscoda, or Alpena. But one look inside of the belching behemoths was enough for me: I knew I couldn't survive the monotony of factory life.