<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fc24a91b-f0b9-4264-b9e4-f3a2b2f35ca5/8F6058CF-74B0-4684-97D3-2E7BF148B33D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://dailyreckoning.com/9-us-states-join-california-in-budget-disaster/" href="http://dailyreckoning.com/9-us-states-join-california-in-budget-disaster/" style="font-size: 11px;">dailyreckoning.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dailyreckoning.com/9-us-states-join-california-in-budget-disaster/">With huge budget gaps, increasing unemployment, and extreme foreclosure rates, nine additional states are joining California in the crippling budget deficit club.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dailyreckoning.com/9-us-states-join-california-in-budget-disaster/"><P>According to a report from the Pew Center, nine more states — Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin – are now facing financial problems that are likely to result in higher taxes as well as fewer government jobs and services.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dailyreckoning.com/9-us-states-join-california-in-budget-disaster/"><P>California, which is on track to run an estimated deficit of over $12 billion, is still the worst off. However, the combined economic output and population of all ten states make up more than a third of the US. How they manage their budgetary crises provides useful insight into the whole nation’s poor economic outlook going forward.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dailyreckoning.com/9-us-states-join-california-in-budget-disaster/">More details are available in Newsmax coverage of <A target="_blank" href="http://www.newsmax.com/us/state_budgets/2009/11/11/284974.html" title="ten states that face looming budget disasters">ten states that face looming budget disasters</A>.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8F6058CF-74B0-4684-97D3-2E7BF148B33D/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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