[george76]

“If you have a can that’s leaking two ounces a minute and you put an ounce a minute in it, it’s going to get empty.” He is describing his city’s coffers.

Vallejo’s unions contend that the city is solvent enough to meet its obligations. But last Friday a court disagreed, holding that the city is eligible for bankruptcy protection.

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/10/AR2008091002726.html

[SunkenCiv]

Thanks geo.