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California’s Debt Would Make it Difficult to Survive a Recession, Reports Freedom Debt Relief


The Great Recession of 2008 wiped out more than 170,000 small businesses, cost more than 2.6 million jobs, and erased $6.9 trillion in wealth from the stock market. These estimates from the U.S. Census Bureau may not cover the true impact of the recession. Economists didn’t see it coming. Yet, in hindsight, experts can see how the economy had all the right ingredients for a recession of that magnitude.