http://ap.google.com/article/ALeqM5gVKofKbtJ2gCh_9py0AYsipjglpAD949KJCO0
It is clear that some time next year CA will be broke. The US Government will need to bail them out or let them fall. This will be followed NY and FL.
Also raising the Sales tax usually causes any recession to be worse.
Thursday, November 6, 2008
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