Re: [xmca] Will California become America's first failed state? | World news | The Observer

[Jay Lemke <jaylemke@umich.edu>]

No way! New York beat California to it in the 1970s. I remember being  
furloughed, New York City bankrupt. The city taken over politically by  
a committee of bankers (really!) appointed by the governor. Of course  
it was not the State in bankruptcy (on a technicality, I think; the  
state is ultimately responsible for the debts of its cities), but it  
was sure a failed state by many measures!

JAY.

Jay Lemke
Professor (Adjunct)
Educational Studies
University of Michigan
Ann Arbor, MI 48109
www.umich.edu/~jaylemke





On Oct 3, 2009, at 8:45 PM, David Preiss wrote:

> Thought this may interest the Californian XMCArs,
> http://www.guardian.co.uk/world/2009/oct/04/california-failing-state-debt
>
>
>
> David Preiss
> ddpreiss@me.com
> http://web.mac.com/ddpreiss/
>
> _______________________________________________
> xmca mailing list
> xmca@weber.ucsd.edu
> http://dss.ucsd.edu/mailman/listinfo/xmca

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