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Mortgage ‘Settlement’ Is a Bailout for California
Big Government | Posted: February 10, 2012 3:46 PM
Just over a week ago in an article I published here in Big Government: “New California Budget Crisis May Torpedo November Tax Increase Initiative.” The article illuminated how State Controller John Chaing had shocked California’s spendthrift politicians by announcing the State would be out of cash beginning March 8th and would miss up to $5.4 billion in vendor payments through May 1st.
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