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When You're Rich
California Democrats last month closed the remainder of what had been a gaping budget deficit by a combination of deep spending cuts, optimistic revenue projections and new fees that are sure to be challenged in court. This will include $100 million in cuts to the in-home services program. When you're rich and lose money on a leveraged investment, you are a victim of the bad economy and deserve to be bailed out; when you're poor and lose money on a risky investment, you're a financially incompetent yahoo who chases get-rich-quick schemes.
Ted Rudow III, MA