The economy. Library issue? IFSR issue? When you consider that the economic downturn hits everybody (and usually harder on the underprivileged), and that library budgets experience cuts while library usage increases, then I say yes, the bad news is a library issue.
As more and more major governments near and far pledge stimulus packages for their struggling economies, it makes sense to ask what stimulus is in the first place. That's why I like this brief article from the Globe. The reminder is that stimulus means spending, not saving; by putting money back into the economy, rather that cutting taxes, we encourage others to do the same.