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Library Bailout Package

History repeats itself, as libraries across the country see record circulation increases in the midst of a rapid economic downturn.

It is well established that public libraries have a significant positive impact on their local and regional economies [links to a PDF]. So in a time when everyone is tightening their belts and governments from local to state to federal must decide where to make the tough cuts—even as the architects of our current financial crisis get billions of taxpayer dollars to right their ships—isn't it about time that libraries are at least spared, if not reinvested in, as they so richly deserve?

1 comment:

steve said...

Perhaps libraries should follow the example set by Goldman Sachs and GMAC: apply to become bank holding companies, making them eligible for TARP funds.