The subprime crisis started in the 90’s but it’s only now that we are experiencing its huge disaster. Soon, many cities and town will have to fire thousands of workers. The article doesn’t even hesitate to use a strong and violent metaphore to picture the catastrophic issue : « Nearly all community is going to see blood ».
Heavy measures have been taken. Governor Deval Patrick has taken away the local aid by 128 million dollar for the fiscal year. In Massachussests, One out of five dollars goes to the cities and town to help the local budget.
The crisis resulted in many job loss. So far, we can count : 14 500 teachers, firefighters, librarians, and other local employées lost their jobs. As for as I am concern, this crisis is weakening towns and cities by attacking key persons and jobs. Therefore many cities are in need and request financial support. However, the opposite is happening. Local aids are been cut and many layoff is about to happen. But that’s not it. Ongoing project for towns and cities are now put on hold resulting in a decreasement of job. It is so bad that in some cities, they even stop salting the roads during winter in order to preserve the salt for the busiest thouroughfares
Recovering has becoming the main priority for town and the following discussion and décision have never ever been talked nor thought about.
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