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> severely reduced revenues owing to the recession

They're only "severely reduced" from a spike in 07. They're well ahead of just a couple of years ago.

CA Govt behaves like a stupid lottery winner. When it has a great year, it acts as if all years will be better.

You know how this story ends. "Ex-millionare now homeless, bankrupt, sued by three ex-wives, collecting cans and dodging bill collectors."



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