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Title: CalifornIOU
Published: Ventura County Star
Date: March 7, 2004
About this cartoon: Governor Schwarzenegger scored a big political victory in the passage of two ballot measures he'd pushed hard for to "bail out" California from its deficit. The reality was less enchanting: like most budget plans, it deferred a lot of payments from the present to the future, meaning more balanced books now and more debt later.

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