Pushing austerity: state failure, municipal bankruptcy and the crises of fiscal federalism in the USA

J. Peck
2013 Cambridge Journal of Regions, Economy and Society  
By way of a critical exploration of austerity politics in the USA, the paper examines the means by which the Wall Street crisis of 2008 has been translated into a state crisis, especially for the state at the subnational and urban scales. It examines the strategies, rationales and tactics adopted by advocates of austerity measures, which amount to a sustained effort to socialize, rescale and 'dump' the costs of the economic crisis. These manoeuvres are transforming the operating environment for
more » ... ing environment for state and local government in the USA, and they are remaking the terrains of urban politics at the same time.
doi:10.1093/cjres/rst018 fatcat:zkjmzjvcffdw3ikh25adheqzpu