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California May Pay With IOUs, Minnesota $5.2 Billion in the Hole

12-05-08 • Michael Shedlock / Mish

“It’s getting worse very quickly,” Schwarzenegger, a 61- year-old Republican, told reporters Dec. 1 after declaring a fiscal emergency and ordering the Legislature into a special session to find ways to close the deficit. “It’s like an avalanche in t

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