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  • California Deficit Has Soars to $16 Billion – Governor Pushes Tax Hikes (Video)

    05/12/2012 6:37:31 PM PDT · by Hojczyk · 36 replies
    Gateway Pundit ^ | May 12,2012 | Jim Hoft
    Gov. Jerry Brown announced on Saturday that the state’s deficit has ballooned to $16 billion, a huge increase over his $9.2-billion estimate in January. The bigger deficit is a significant setback for California, which has struggled to turn the page on a devastating budget crisis. Brown, who announced the deficit on YouTube, is expected to outline his full budget proposal on Monday in Sacramento. “This means we will have to go much further, and make cuts far greater, than I asked for at the beginning of the year,” Brown said in the video. Lawmakers and others were hoping that a...