You are right. That might actually work to our advantage. Even under FDR, major cities had to cut libraries, schools, even police. At some point, you just can’t pay salaries in legitimate dollars.
Bammer has been working the numbers on the economy and unemployment and the media have been covering.
I don’t think the “real thing”, actual revenue based on income tax has been reported yet, though there are some indicators in states like mine, Maryland and California and at the county levels that revenue is way off. There will be a time when Obama has to have his moment of discovery and he will have to take his medicine.
Unfortunately, we will all suffer together.