“ Despite a deal that may keep it solvent until June, the city of Vallejo, CA, is teetering on the edge of declaring bankruptcy. Worried yet? No, hunh? Well, I think we’re looking at major potential damage to one of the few institutions regular folks have to defend our interests these days. Let’s squint a little harder at the mess in Vallejo. It’s an East Bay city of about 120,000, not particularly wealthy, with a population split between a fairly diverse working class already hammered by the closure of a Navy shipyard in the ’90s and commuters who can’t afford to buy closer to San Francisco.
Daily Kos: The Bad News You Haven’t Heard Yet
