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Wednesday, September 09, 2009

The Coming Reset in State Government

My fellow governors and I are likely facing a permanent reduction in tax revenues.
Mitch Daniels - WSJ.com

Indiana Governor Mitch Daniels writes in The Wall Street Journal that the recession will likely cause a permanent reduction in state tax revenues and force states to trim back the size and scope of government. Unlike the federal government, states can't continue to borrow without limit.

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