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Thursday, November 21, 2002

Bob Herbert's latest column describes the massive fiscal crisis facing state governments throughout the country. Neither state Republicans nor the Bush administration seem willing to address this issue. What does it really mean? Further loss of local control. The Bushies will be treating bankrupt states the same way the World Bank treats Argentina--restructuring. In order to get any federal money, states will be forced to lay off workers, lower wages, sell public utilities and other functions to transnational corporations. "We've got all these wars to fight: we can't afford to bail out both Michigan AND Ohio. Which one is willing to give in to our requests more completely? Which one has arrested the most terrorists this month? Which one has repealed the most environmental and labor laws? Which one has the Republican governor?" (uh-oh)