Is California Self-Destructing?
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Recessions create pain for everyone. Some people lose their jobs and/or their homes. Others have lower stock values, lower real estate values and business slowdowns. State and local governments have budget deficits. The real pain associated with the recession is unemployment and it can last for years.
With government revenues are down and the demands for services are rising, states and local governments are wrestling to close major budget deficits. With higher taxes unpopular, whenever ther...
With government revenues are down and the demands for services are rising, states and local governments are wrestling to close major budget deficits. With higher taxes unpopular, whenever ther...



