More bad news.....
California Crisis Deepens- Are other states to follow?
California Crisis Deepens - Are Other States To Follow? - Yahoo! Finance
And more..... this is where it gets real ugly. At the same time the job market is shrinking the work force is growing. Because people can't retire or will lose their retirement they stay in the work force...
California Pension Funds Close To Bankruptcy.
And guess what other states are getting close? All of them...
46 Of 50 States Could File Bankruptcy In 2009-2010 Freedom Arizona
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