The government of Vallejo, California, files for bankruptcy, thanks to diminished returns from its tax-thefts to pay its tax-eating police, fire, and other unions. (Via Drudge.)
UPDATE from Tim Wangelin: a list of the 242 public servants publicly serving the tax-payer of Vallejo by making $100,000 or more a year.
UPDATE from Robert Mayer: "Vallejo, California's motto of 'City of Opportunity' couldn't be more appropriate...if you're government bureaucrat, that is. Using the handy online search tool you linked to, I was shocked to discover that this city of a mere 125,000 employs 77 people in the fire department who make over $150K per year! Is this the most fire-prone city on the planet or what?"