Blue City goes bankrupt

Vallejo, CA has decided it's going to file bankruptcy.

Vallejo, California, officials voted to file for bankruptcy because the San Francisco suburb isn't able pay its bills after costs for police and firefighters soared and the housing market's slide cut into tax revenue.

The city council's unanimous decision last night will make Vallejo the largest California city to file for bankruptcy and the first in the state to seek protection from creditors because it ran out of money to pay for basic services. The decision came after it failed to win salary concessions from labor unions.

Can you guess which party dominates the city's leadership. If you guess the same party that led New York and Cleveland into bankruptcy, democrats, you would be correct.

The democratic party plans to switch it's slogan for the '08 campaign.

The Democrats.... we can't run a primary or a city, but dang we want to run the country.