Study: Unfunded Debt 12 Times Higher in Democratic-Run States

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Title : Study: Unfunded Debt 12 Times Higher in Democratic-Run States
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news-today.world | 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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