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Vallejo on the brink of Bankruptcy..

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Old 02-19-2008, 06:49 PM
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Vallejo on the brink of Bankruptcy..
http://www.nbc11.com/news/15345539/detail.html

Originally Posted by NBC11
The city of Vallejo is on the brink of becoming the first California city ever to declare bankruptcy, City Council members said Tuesday.

Vallejo may run out of cash as early as March, council member Stephanie Gomes said.
OH NOSE VTOWN!!!

Someone needs to be saved...
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Old 02-19-2008, 06:52 PM
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Old 02-19-2008, 06:52 PM
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super duper hyphy hyphy hyphy
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Old 02-19-2008, 06:59 PM
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80 West.
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Old 02-19-2008, 07:00 PM
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...so does this mean more debt or v-town gone wild/dumb
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Old 02-19-2008, 07:01 PM
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Looks like the city is living like their home owners....

We've been spending more than we've been making for 20 years and it's time to pay the piper
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Old 02-19-2008, 07:28 PM
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Wowwwwww no surprise here lol
Maybe they should pickup a pickle jar like the rest of the residents and get to work
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Old 02-19-2008, 07:57 PM
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we're in a recession.
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Old 02-19-2008, 09:19 PM
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ppl still live in vallejo?
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Old 02-19-2008, 09:24 PM
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Originally Posted by NorCalDC5
ppl still live in vallejo?
yes but they spend other people's monies
hence the debt
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Old 02-19-2008, 09:48 PM
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we have a couple of police officer trainees from vallejo in the police academy with us, needless to say they just lost their job =(
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Old 02-19-2008, 11:22 PM
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Originally Posted by flatline
we have a couple of police officer trainees from vallejo in the police academy with us, needless to say they just lost their job =(
Ouch, that sucks.
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Old 02-19-2008, 11:24 PM
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whens E40 gonna hook it up wif dem moneys
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Old 02-20-2008, 08:19 AM
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its because of all the government worker that the city pays retirement to forever. i think they get like 80% of their highest pay rate after 30 years in
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Old 02-20-2008, 08:29 AM
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Originally Posted by rallied out wrx
its because of all the government worker that the city pays retirement to forever. i think they get like 80% of their highest pay rate after 30 years in
So what do you propose? No retirement for people who earned it?

The retirement amount in dollars im sure was calculated long ago. They simply overspent and didnt manage their money correctly elsewhere. Pretty ****ed up to make it seem like the people who worked there 20+ years in contract for their retirement shouldnt get it. Thats one of the reasons this country is going to hell in a handbasket.
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