Will California become America’s first failed state? | The Observer

By Web Article • on October 4, 2009

Will California become America’s first failed state? | World news | The Observer.

Los Angeles, 2009: California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and teachers are on hunger strike. So what has gone so catastrophically wrong?

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