16 US cities that are going bankrupt

http://finance.yahoo.com/tech-ticker/16-u.s.-cities-that-could-face-bankruptcy-in-2011-535744.html

Interesting… Of those cities, how many are run by republicans? We saw something similar last year with the list of 10 worst-off states, with 8 being blue, one being purple, and one red, and when I visited that red state everyone was cursing Janet Napolitano for screwing up everything while she was in charge.

I guess the lesson for democrats is that eventually you’re going to run out of other people’s money and the good times end.

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