Comments on: State and Local Debt Soaring http://www.outsidethebeltway.com/archives/state_and_local_debt_soaring/ Online Journal of Politics and Foreign Affairs Mon, 1 Dec 2008 16:34:23 +0000 http://wordpress.org/?v=2.6.2 By: yetanotherjohn http://www.outsidethebeltway.com/archives/state_and_local_debt_soaring/#comment-89467 yetanotherjohn Tue, 11 Jul 2006 17:39:18 +0000 http://www.outsidethebeltway.com/archives/2006/07/state_and_local_debt_soaring/#comment-89467 The issue is bigger than just who spends how much. Compare the four largest states (CA, TX, NY,FL), two red/two blue. NY and CA have the highest percentage of state GSP (gross state product) as state expenditures (NY is 1.48x TX in state revenue and CA is 1.33x TX in state revenue). Those two states also have the highest expenditure per person (NY 1.65x Texas, CA 1.39x TX). NY and CA also get the most money from the federal government (NY 1.61x TX, CA 1.15x TX). NY and CA had higher debt than Texas (NY 1.47x TX, CA 1.09x TX). If you spend more, tax more, have more debt (per person or as a percentage of the GSP), that also has to be taken into account. BTW, for the debt, NY and CA had more debt total (NY 1.5x TX, CA 1.84x TX), debt for private purpose (NY 1.43x TX, CA 1.52x TX), debt for utilities (NY 1.83x TX, CA 2.07x TX) and 'other' debt (NY 2.14x TX, CA 3.56x TX). However, NY had the second lowest education debt (behind Florida) with NY 0.83x TX, CA 1.55x TX. The issue is bigger than just who spends how much. Compare the four largest states (CA, TX, NY,FL), two red/two blue.

NY and CA have the highest percentage of state GSP (gross state product) as state expenditures (NY is 1.48x TX in state revenue and CA is 1.33x TX in state revenue). Those two states also have the highest expenditure per person (NY 1.65x Texas, CA 1.39x TX). NY and CA also get the most money from the federal government (NY 1.61x TX, CA 1.15x TX). NY and CA had higher debt than Texas (NY 1.47x TX, CA 1.09x TX).

If you spend more, tax more, have more debt (per person or as a percentage of the GSP), that also has to be taken into account.

BTW, for the debt, NY and CA had more debt total (NY 1.5x TX, CA 1.84x TX), debt for private purpose (NY 1.43x TX, CA 1.52x TX), debt for utilities (NY 1.83x TX, CA 2.07x TX) and 'other' debt (NY 2.14x TX, CA 3.56x TX). However, NY had the second lowest education debt (behind Florida) with NY 0.83x TX, CA 1.55x TX.

]]> By: http://www.elephantsordonkeys.com http://www.outsidethebeltway.com/archives/state_and_local_debt_soaring/#comment-127331 http://www.elephantsordonkeys.com Wed, 31 Dec 1969 18:00:00 +0000 http://www.outsidethebeltway.com/archives/2006/07/state_and_local_debt_soaring/#comment-127331 <!--%kramer-pre%--> Original Article syndicated via RSS from Outside The Beltway | OTB <!--%kramer-post%--> Original Article syndicated via RSS from Outside The Beltway | OTB

]]>