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Chart of the Day: State Budget Gaps 2010

Chart of the Day: State Budget Gaps 2010

Courtesy of Edward Harrison at Credit Writedowns

This is not just about California. Come Summer 2010, the most severe gaps will be closed via budget cuts or tax increases unless the Federal Government can pull a rabbit out of the hat.

statebudgetgaps2010

Source

Policies for Increasing Economic Growth and Employment in 2010 and 2011 – CBO

See also Illinois enters a state of insolvency

 


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