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Calif. Democrats' plan to fix budget

December 16, 2008 8:18:07 AM PST
The public will get a closer look at what state Democrats have planned to fix California's budget deficit.The Democrats' proposal consists of $9 billion in revenues and $8 billion in cuts.

State Republicans released their plan on Monday. Republicans said their proposal would free up more than $22 billion in state spending, but Gov. Arnold Schwarzenegger and Democratic leaders say the Republican plan fails to address the state's impending cash shortage.

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