Study finds governor`s budget would cost jobs, economic output

Friday, May 28, 2010 - 08:41 in Mathematics & Economics

(PhysOrg.com) -- California Gov. Arnold Schwarzenegger`s cuts-only approach to balancing the state budget will leave deep economic scars, according to a new report by UC Berkeley labor researchers. But it adds that balancing cuts with targeted revenue increases would save nearly 250,000 jobs -- half of them in the private sector.

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