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ARTICLE: Nobody in Recessions Except Governors
January 5, 2010
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PRINTBloomberg.com describes the condition of state debt across the U.S. With private business unemployment reaching new heights (along with state debt), state governments remain resistant to reducing state pensions and laying off state employees: the two biggest causes of state debt. In some cases the government even continues to add jobs while the public sector struggles to stay afloat.
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