A New Poll

 Updates

Later, 5:33 pm PDT: BusinessInsider also notes that "yuppies are now flocking to Detroit," cheapest city in America to live.

Original Post

Now that a judge has ruled it was unconstitutional for Detroit to declare bankruptcy, efforts will be made to look for alternatives.

In today's LA Times, the print edition, the chief executive of the Detroit Regional Chamber, Sandy Baruah, said things are looking better for Detroit. This is usually the first step in garnering a bailout from the federal government, in essence simply asking for a little more time.

"For the past three years, Baruah has seen signs of life shooting up around him: his office building in downtown Detroit has gone from half-empty to full. The walk to Comerica Park, three-quarters of a mile away, is filled with new businesses, new restaurants, and new faces."

So, if things are getting better in Detroit, perhaps the city deserves just a bit more time to pay off its bills.

One way to do that would be for the US government to issue "bailout bonds for the city of Detroitj ("BoB for Detroit) with a 100% guaranteed "no-loss-of-capital" clause and a guaranteed rate of return five points higher than inflation or the prime lending rate, whichever is higher, for a term of 20 years.

So, the new poll: would you favor the Bank of North Dakota investing in government-backed bonds to help Detroit in a time of need?