Thursday, December 18, 2008

As Cali so goes the US

http://www.nytimes.com/2008/12/18/us/18calif.html

In a preview of what will be seen in other states very soon.

“We had to say we can’t spend money we don’t have,” Mr. Lockyer said.


Or raise fee's to drive more people away.

Aaron McLear, a spokesman for the governor, said the board’s move had the potential to put tens of thousands of workers in unemployment lines just a week before Christmas. Mr. Lockyer agreed, saying the private construction business — already dealing with double-digit unemployment — would be hit hard.


When the govenment can not spend we are looking at some serious damage to the country. With it taking a every large part of GDP it would a tsunmia of bad.

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