Report: State and local governments have $6.1 trillion in debt – Reason Foundation

California, New York, Texas, Illinois, and New Jersey hold the largest long-term debt totals. Together, these five states account for $2.5 trillion, over half of the national total of $4.9 trillion in long-term liabilities. State and local long-term debt exceeds $20,000 per person in Connecticut ($30,998), Illinois ($28,291), Hawaii ($26,271), Massachusetts ($24,520), and California ($20,280).
2 Comments
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Jdoe
1 year ago

So glad my kids left IL.

Leaving Soon, just not soon enough
1 year ago

Nothing but a Ponzi scheme to pay for huge public sector pensions. The largest generational theft in History. All smart young people should flee Illinois and all the other large debt states for states that are fiscally responsible. Let the public sector pay for their own mess.

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Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

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