410: Social Contract

410: Social Contract

Jun 18, 2010
Richard Ravitch has helped fix three governmental crises, including when New York City nearly went bankrupt in 1975. What's changed, to make it so much harder for him to solve the state's current financial crisis? (Photo: stress balls in the state budget office.)
  • We hear recordings from all over the country—and the world—of politicians arguing over budgets. (2 minutes)EconomicsPolitics

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A bag of stress balls in the New York Governor's budget office. The state has yet to pass a budget for the current fiscal year.

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