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Wednesday, August 29, 2012

The biggest reason why California is bankrupt – The Atlantic

   The biggest reason why California is bankrupt – The Atlantic

 After crunching some census data, Dan Walters of The Sacramento Bee reports a remarkable figure. In the decade that ended in 2011, California's state government employed roughly 9.3 percent more people, a number that roughly tracks the increase in population seen in the Golden State.

You'd think that payroll costs would've increased by roughly the same amount.

Nope.

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