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I know this has maybe not much to do with currencies, or maybe a weaker Dollar later, but it’s an important reading about the state of California, which normally represents 13% of the US economy !
Sales tax down >50% and income tax down > 43% !
Governor Schwarzenegger suggested he would require to close schools, release prisoners and limit basic service in order to keep the state running.
You can download the PDF here:
http://sco.ca.gov/Press-Releases/2009/05-09summary.pdf