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Why is California in such dire financial straits?
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February 17th, 2009
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I’m not interested in the various political explanations: “it’s Schwarzenager’s fault, it’s the Democrats’ fault.”
California has one of the largest economies in the world. They’re a top agricultural producer, produce almost everything. And yet they’ve been in financial trouble for the last generation or so. In all seriousness: what gives?
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