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California is the most populous state in the US – and the poorest. Looks like Governor Jerry Brown is determined to keep it that way. Despite a state tax surplus, he is refusing to restore any of the austerity cuts he’s enacted. He’s also using part of the surplus to further his school privatization agenda.
By Dan Conway
23 May 2015
California Governor Jerry Brown released the so-called May Budgetary Revision on May 15, outlining proposed state spending for the 2015-2016 fiscal year. The measures included in the May Revision are typically adopted in the enacted state budget.
The May Revision incorporates larger than expected state income and capital gains tax revenue. It uses the expanded revenue not to restore past cuts but to create new school privatization schemes, expand the state’s rainy day budget stabilization fund and to otherwise insure continued hardship for the working class.
California is the most populous state in the country and also the poorest. According to the official federal poverty measure, which is based on an annual income threshold of three times the cost of basic nutritional requirements, the state’s poverty rate is 16 percent meaning 6.1 million residents are poor. Nearly 2.5 million of these have incomes less…
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The Most Revolutionary Act 
SURPLUS NOT FOR LONG:
https://nevadastatepersonnelwatch.wordpress.com/2015/05/24/chinas-yuan-to-replace-dollar-as-world-reserve-currency/
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I wonder how much of this is real and how much is Chinese and Russian propaganda? Both countries are nearly as good at propaganda as the US.
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THE YUAN IS NOW THE WORLD’S CURRENCY RESERVE:
http://www.globalresearch.ca/canada-chinas-trojan-horse-the-toronto-based-renminbi-offshore-clearing-bank-to-facilitate-the-use-of-the-yuan-on-the-american-continent/5450823
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