[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]

What does the gas price have to do with your sense of municipal solvency?

[ncalburt]

Please give that nonsense a rest.
Miami went bellow up in the 90’s.
This city is corrupted and signed a bunch of reckless UNION contracts that gave city employees such as Fireman and cops six figure salaries plus massive call time clauses and unreal benefits.
There are cops and firemen making 250,000 a year !

[x_plus_one]

The city has sought concessions from public safety unions and from International Brotherhood of Electrical Workers union members to slash contract costs and come up with a plan to balance the budget through 2012.

There is something evil about unions.