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What Happens When California Defaults?
December 16, 2009 /
The California Legislative Analyst’s Office recently reported that the State faces a $21 billion shortfall in the current as well as the next fiscal year. That’s a problem, a really big problem. My young son would say it was a ginormous problem. In fact, it may be an insurmountable problem.
by Bill Watkins
Full Story: http://www.newgeography.com/content/001274-what-happens-when-california-defaults
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Posted in: Other Economies
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