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.
In general, the fiscal picture is far worse in blue states. The average unfunded debt per taxpayer is $22,214 in the states that have Democratic governors and Democratic majorities in both legislative houses. That compares with an average taxpayer burden of $1,814 in states with a so-called Republican "trifecta."
States with divided power are in the middle, with an average taxpayer burden of $14,350.
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(Excerpt) Read more at lifezette.com ...
