Uh, So How Do We Spin This As Good News….The Answer Is We Don’t – State Revenue Fell By 31% In 2009 To $1.1 Trillion As Spending Increased

| January 5, 2011

According to just released Census Bureau data, in 2009 total state revenue fell by 31%, from $1.6 trillion to $1.1 trillion. “The large decrease in total revenue was mainly caused by the substantial decrease in social insurance trust revenue. Social insurance trust revenue is made up of four categories — public employee retirement, unemployment compensation, workers […]

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