If Barack Obama had a city it would be Detroit observed a wag. But a friend at Goldman Sachs tells me that unless they have major pension and health benefit reforms, these cities are going bankrupt too: Scranton, Philadelphia, Baltimore, Birmingham, Miami, Memphis, Houston, Oakland, LA and Chicago. The unions seem to prefer bankruptcy to making concessions, unfortunately. And guess what state has the highest percent of its population living below the poverty line according to a very recent study? California. Most poverty-stricken county in the most poverty-stricken state? LA county (27%). What happened to California? Is America becoming more like Detroit? NOTE: corrected an error in my original post.