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Deficits
What if the individual States, or our Nation as a whole, cannot get this economic disaster we are experiencing under control? I am reminded of some words I heard years ago regarding another place, but they seem applicable here — “Will the last person leaving California please turn out the lights.” From an Associated Press story by Samantha Young: “California’s controller will start paying many of the state’s bills with IOUs as soon as Thursday after lawmakers failed to close the state’s worsening budget deficit, adding a new measure of indignity to a state sinking deeper into dysfunction. State Controller John Chiang said his office is prepared to issue IOUs…