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Wednesday, February 1, 2012

Depression Roundup

Falling homeownership — and prices — reflect the worst housing downturn since the Great Depression. And while there are signs that the housing industry's downturn may at least be nearing a bottom, the impact of the collapse will be evident for years to come, economists say.-Fewer Americans own homes and many of them are continuing to see values decline

Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10%

Mad Moonbeam Brown wants to raise Californians taxes (when the state already has some of the highest income and sales taxes in the nation). The insane Democrat controlled state government has been out of control for decades, but the chickens finally came home to roost:

California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing...-Controller: State to run out of cash in March without action

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