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Tuesday, April 19, 2011

States see biggest revenue drop in 60 years

The government took your jobs so the banks could take your homes to cover the losses from the mortgage-backed securities frauds, and now they act surprised that tax revenues are down?

In a sign of the sluggish economy’s devastating impact, state government revenue across the country dropped by nearly one third in 2009 - the sharpest decline in 60 years, the Census Bureau said in a new report.

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