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Tuesday, August 05, 2008
Street Economics Q3
As the depression worsened, Congress increased taxes across the board. The unintended result was decreased spending among consumers and businesses alike, and the country sank deeper still into the Great Depression.
-- Wikipedia
Gov. Arnold Schwarzenegger proposed during private negotiations over the weekend to close the state's $15.2-billion budget gap with a temporary but immediate one-cent hike in the state sales tax.
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