23 million reasons to not let states fail

Richard Ravitch  |  November 20, 2020

By Richard Ravitch, includes “Imagine that cities and states were considered an industrial sector, like automobiles or airlines. Collectively, they employ about 23 million essential workers like teachers, police officers and firefighters. They contribute over $3 trillion to the nation’s gross domestic product. … Would the federal government allow such an enormous industry to fail? … Today there can be no solution without focusing on New York City, not just because of its size but because of its centrality to the nation’s economy.”

Read the full article on: The New York Times

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