[STONEWALLS]

...does anybody know if American cities were forced into bankruptcy during the Depression?...my feeling is they were not...if Goldman Sacs is right, and we have $7-8 gas in 2009; then we’ll have a scenario straight out of 1932.

[sam_paine]

Aha! Just raise taxes! Again, and again and again until the unions are satisfied. =)

[lormand]

Those freakin' right wingers ruin everything they touch.

Oh wait, Vallejo is run by libs.

Never mind.

[bill1952]

>Many others said the city should do all it can to avoid filing for bankruptcy to avoid hurting Vallejo's credit rating, image and ability to attract businesses

LOL! That ship has sailed, dude.

[Walmartian]

It looks to me like the closing of the Mare Island Naval Base did them in.

[kcm.org]

Unions back dims, right?

[budwiesest]

Will the state be next? In a way, this could be a good thing- shutdown bloated government from time to time, and re-hire from a pool of qualified applicants at a lower cost.

Bureaucratic liposuction, if you will.

[calex59]

And it’s not because they spent to much, it is because they couldn’t rip any more money away from the deadbeat taxpayers. Let this be a lesson to all of us who don’t want more taxes!/SARCASM

[groanup]

What a joke. Half the cities in the country are bankrupt if you factor in the future pension liabilities they have voted for themselves.

[Revolting cat!]

I understand that Vallejo is the capital of rap “music”. How about windfall taxes on rap?

[Revolting cat!]

I understand that Vallejo is the capital of rap “music”. How about windfall taxes on rap?