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Bailout

: Calculated Risk

Another example of state and local government distress

By Anonymous

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From Lauren Etter at the WSJ: Roads to Ruin: Towns Rip Up the Pavement
Paved roads ... are being torn up across rural America and replaced with gravel or other rough surfaces as counties struggle with tight budgets and dwindling state and federal revenue. State money for local roads was cut in many places amid budget shortfalls.
Back to the stone age ...

Full post as published by Calculated Risk on July 17, 2010 (boomark / email).

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