Saturday, July 17, 2010

Another example of state and local government distress

by Bill McBride on 7/17/2010 11:48:00 AM

From Lauren Etter at the WSJ: Roads to Ruin: Towns Rip Up the Pavement

Paved roads ... are being torn up across rural America and replaced with gravel or other rough surfaces as counties struggle with tight budgets and dwindling state and federal revenue. State money for local roads was cut in many places amid budget shortfalls.
Back to the stone age ...