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Thursday, November 20, 2008

Washington, DC - The Beggars Banquet - New York Times Editorial

By Timothy Egan
New York Times

"VALLEJO, Calif. — This city is broke. Bankrupt. A ward of the courts. The police have pared their ranks, and every day two fire stations temporarily close, a rolling blackout of basic services.

Do we bailout Vallejo?

What about Philadelphia, Atlanta or Phoenix? They want $50 billion in emergency loans."

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