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News Link  •  Economy - Economics USA

State Cutbacks Will Deepen Recession


6-4-08  •  Michael Shedlock / Mish 
At $1.8 trillion annually in a $14 trillion economy, the states and municipalities spend almost twice as much as the federal government, including the cost of the Iraq war. When librarians, lifeguards, teachers, transit workers, road repair crews and 
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