Click Image To Go To Interactive Graphic And See How Much Your State Is In The Red
” State governments are piling up debt almost as fast as the federal government, with a total of $5.1 trillion now on their books.
Calculated on a per capita basis, the $5.1 trillion represents an obligation of $16,178 for every state resident in the country, according to State Budget Solutions’ fourth annual State Debt Report.
State Budget Solutions is a 501(c)(3) educational foundation that focuses on state spending and budget issues.
The $5.1 trillion has accumulated despite various forms of balanced-budget requirements and spending limitations on the books in most states.”
This should be no surprise to any thinking individual …
” Viewed in terms of total debt, big states dominate the top…
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