Monday, July 20, 2009

Arnold Schwarzenegger's "shared sacrifice"

California Governor Arnold Schwarzenegger.

Arnold Schwarzenegger continues to insist that California, the state with the 7th highest per capita income, and the third greatest crude oil production of any state in the U.S.A., untaxed, is broke and must face, essentially, what the IMF calls structural readjustment in the Global South, rather than raise new revenues.

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