Alternative News

California Collapsing

July 1, 2009

More bad news on California

  • People falling more then 3 months behind on their mortgages is increasing significantly.
  • Forecloses on home is skyrocketing
  • Worst in employment in 64 years
  • In June 68,900 people lost their jobs and in the very very near future due to state budget cuts, another 64,000 people will lose their jobs+jobs lost in the private sector
  • California has the lowest credit rating of all US States
  • Source

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