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(Image from article: "Mounting State Debts Stoke Fears of a Looming Crisis")

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Mounting State Debts Stoke Fears of a Looming Crisis

The State of Illinois is still paying off billions in bills that it got from schools and social service providers last year. Arizona recently stopped paying for certain organ transplants for people in its Medicaid program. States are releasing prisoners early, more to cut expenses than to reward good behavior. And in Newark, the city laid off 13 percent of its police officers last week.

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