Munchkin City, Oz-- The mayor of the Munchkin City says the place is bankrupt and will not be able to pay its bills. It becomes the largest fictional city to declare bankruptcy since Metropolis. A last-ditch bailout by the Wizard of Oz was rejected by the city council.
Munchkin City isn't what it used to be. The fabled Yellow Brick Road that Dorothy and Toto danced on has faded to gray. The broken bricks are littered with empty beer cans and slippery used condoms. Abandoned buildings and crack houses line the city's decaying streets.
The Munchkins aren't what they used to be either. Most of them are on welfare, food stamps or disability. Dancing and singing have been replaced by robbing and murdering. Many Munchkins have become addicted to heroin, courtesy of the fertile poppy fields that surround the city.
The economic troubles of Munchkin City began years ago. Jobs in the Lollipop Guild were outsourced to India back in the 1980's. Even the famous Lullaby League went out of business in 1990.
The only hope for Munchkin City is a deal with the Wicked Witch of the West. The elderly crone still hasn't forgiven Dorothy for dropping a house on the Wicked Witch of the East.
"Stuff Dorothy's head up Toto's ass. Then we can talk." she cackled.