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Thread: State Debt Woes Grow Too Big to Camouflage

  1. #11
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    Re: State Debt Woes Grow Too Big to Camouflage

    Quote Originally Posted by PeteEU View Post
    Payback Time - States? Debt Woes Grow Too Big to Camouflage - NYTimes.com

    Worst state.. Alaska.

    Interesting article, that exposes quite a lot. 4 of the top 5 debt ridden states can be considered Red or "redish", and California may be taking the headlines but it is in no way as bad a state as Alaska or Rhode Island.

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    Re: State Debt Woes Grow Too Big to Camouflage

    Quote Originally Posted by jujuman13 View Post
    Would this be the reason Palin resigned way before her Term as Governor was complete?
    Hazelnut, I see you are like me in that you too do not read every post in a thread.

  3. #13
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    Re: State Debt Woes Grow Too Big to Camouflage

    Quote Originally Posted by jujuman13 View Post
    Would this be the reason Palin resigned way before her Term as Governor was complete?
    We can only hope Obumble follows suit. Have you seen his debt-to-GDP ratio?

  4. #14
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    Re: State Debt Woes Grow Too Big to Camouflage

    Quote Originally Posted by rogerredy View Post
    I don't see how you believe RI is a "red" state, but most of the major states in huge trouble are all liberal democratic: NJ, NY, CA, IL, OR.

    Even if AK has issues, there's not many people there? If CA, NY and IL go into bankruptcy the nation is in deep trouble.
    Did I say that RI was a red state? no.

    And yes if CA, NY or IL go bankrupt then you are in trouble, but as it stands now these states are relatively better off than Alaska, RI, New Mexico, Ohio and Mississippi. First then comes Illinois and New York and California are way down the list of the top 25 states in debt.

    But it is a bigger problem than that if you ask me. The US as a whole is in deep debt as the right loves to point out, and on top of that the states are in deep debt as well. So it is a double wammy so to say waiting to explode if things go wrong. The US needs 3+% growth just to keep up it seems according to the article, and good luck on that.
    PeteEU

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