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Monday, April 21, 2008
State and Local Govt will create a tremendous drag.
Look at these charts, and understand that absent the ability to "print" there's not a whole lot of "good" you can expect out of the local and state government going forward.
they can piggy back Ben's fed window "printing" then this issue would disappear. (Of course only to be replaced with a MUCH bigger issue at the federal level )
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