Dallas is on the verge of bankruptcy due to untenable pension problems.

The Dallas police and fire plan is only 45% funded. Lump sum withdrawals have escalated, and it's only a matter of time before such withdrawals are halted.

The fund needs a billion dollars in funding this year, the equivalent of the entire city budget,  just to keep up with outflows.

Bankruptcy is inevitable. No one should be surprised.

Picture the next major American city to go bankrupt. What springs to mind? Probably not the swagger and sprawl of Dallas.

But there was Dallas's mayor, Michael S. Rawlings, testifying this month to a state oversight board that his city appeared to be "walking into the fan blades" of municipal bankruptcy.