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Slump in Tax Revenue Creates State of Siege

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Posted on February 20 2010 6:00 pm
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by Liam Denning

Welcome to the General Motors economy.

U.S. states face a “lost decade,” says Raymond Scheppach, head of the National Governors Association. The problem is a broken fiscal model exposed by the recession, and likely to extend the pain beyond the downturn’s official conclusion.

Read the whole thing.

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