Detroit is bankrupt, and having been there for a week about 15 years ago, I have to say it couldn't happen to a worse city. As Lydia DePillis explained on my America Weekend show, this isn't a consequence of the recession, it's a problem that's been building for decades. She explained why the rebirth of the auto industry didn't help the city, who the bankruptcy will hurt, what it means for the state of Michigan, and whether other American cities are on the verge of similar disaster. Listen, then click here to subscribe to these podcasts via iTunes!