States with liberal one-party control have average liability of $22,214 per taxpayer vs. $1,814 in red states
The nation’s Democratic-controlled states have unfunded debt that is 12 times greater than the burden on taxpayers in states under total Republican control, according to a study released Tuesday.
The nonprofit group Truth in Accounting published “Financial State of the States,” which analyzes the public finances of all 50 states. The group found that state governments have accumulated $1.5 trillion in long-term debt nationwide, mostly due to unfunded employee pension and retiree health benefits.
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I was shocked to read that some states actually have surpluses!
ReplyDeleteI guess Delaware being in the top ten of unfunded is no surprise. Wonder how they "balance". Or when will the bubble leak?
ReplyDeleteI was surprised Maryland is not in the top ten (barely) per person
You'd think that with all of the money that Maryland has with two of the richest counties in the nation that it would be doing much, much better.
ReplyDeleteOh... yeah. Baltimore.
Never mind.
DUH!!
ReplyDelete