File for bankruptcy

You may have heard the news about Colorado Springs, CO. It's a beautiful city sitting on the foot of the Rocky Mountains -- and it's about to get very ugly. The city is broke. It's not bringing in the tax revenues it needs to run the business of being a city. It's cutting firefighters and cops, and slowing down city services, such as trash collection, parks maintenance and public transport. Heck, it's even put its police helicopters on sale on the Internet.

Colorado Springs' problem isn't unique. Across the US, towns, cities and states are running into serious fiscal problems. For years, they've spent. For years, they've accumulated debt. And for years, unions representing city workers, have bargained hard, then gone on strike and bargained hard, again. They've got it so good, they're bilking the general population. City workers have it much better than the general population -- and have much less risks to their jobs, pay and pensions. When there is such an imbalance, it's only a matter of time before things start falling apart.

For Colorado Springs, that may be about to happen.

in reference to:

"COLORADO SPRINGS"
- Colorado Springs cuts into services considered basic by many - The Denver Post (view on Google Sidewiki)