STUDY: States over $4 trillion in debt | WashingtonExaminer.comAmerica’s 50 states are collectively over $4 trillion in debt according to a new study by an independent, non-partisan think tank.
State Budget Solutions‘ third annual State Debt Report shows that aggregate state debt fell from $4.24 trillion last year to $4.19 trillion this year. State Budget Solutions’ debt calculations include a state’s regular debt, the fiscal year 2013 budget gap, outstanding unemployment trust fund loans, unfunded other post employment benefit liabilities, and the state’s unfunded pension liabilities.
California, again, led all states in total debt weighing in at $617 billion in unfunded liabilities. On a per capita basis, each Californian faces $16,386 in state debt compared to just $11,117 owed by each Texan. The top five states in total debt burden where California, New York, Texas, New Jersey and Ohio.
Unfunded pension liabilities are the main driver of state fiscal woes, accounting for $2.8 trillion of the shortfall. Other post employment benefits, including health care, account for another $627 billion in debt. California faces $398 billion in unfunded pension liabilities alone.
obama depends on the uninformed voter outpolling americans who follow what's going on
unfortunately for our one term president, americans know
at the state level it's pensions
governors kasich, jindal, cuomo, christie, scott, daniels and others have taken real and substantial steps towards addressing this crisis
in contrast, moonbeam in california and quinn in illinois stand in the way
speaker madigan in springfield just last week deposited two $100,000 donations from the seiu after killing his state's reform
governor walker in wisconsin demonstrated real vision and courage, and he was rewarded by the traditionally progressive citizens of the badger state
the republican convention is gonna showcase many of these gubs, they are going to paint a dramatic contrast with the hopelessness and inaction of california, for example
obama's convention is gonna avoid these seismic questions and answers---instead he's gonna try to capitalize on the controversy coming out of missouri which is todd akin
as a result, charlotte will celebrate women's issues and causes, namely contraception and abortion
but after three nites of sandra fluke and naral and planned parenthood and every other face of feminist activism, his convention will appear almost to be promoting abortion, the more the merrier
you won't be hearing "safe, legal and rare," for instance
it's too late for obama to retreat, he's committed, charlotte will be one big abortion palooza
in economic times like these
the guy is a complete incompetent, no wonder the former editor of newsweek and nyt mag quotes bill clinton as calling him "an amateur"
try to see moves ahead
obama, by the way, is quite the extremist himself when it comes to choice
the state senator who usually voted present demonstrated rare leadership in springfield in opposition to the born alive act
he was prominent member of the sliver who opposed partial birth legislation
abortion extremism, anyone?
seeya at the polls, progressives