CNN and Moody’s Investors Service put together a map showing per-capita state debt in all 50 states. The highest debt was $4,859 per capita in Connecticut. The lowest was $15 per capita in Nebraska.
But California state Assemblyman Chuck DeVore took a closer look and made an interesting discovery.
He found that among the states that voted for Barack Obama in 2008, average per-capita state debt was $1,728 — more than twice as high as the average $749 per-capita debt in states that voted for John McCain.
That’s not so surprising. Conservative, low-spending states tended to pick McCain; liberal, big-spending states leaned toward Obama.
Since Obama was favored by “big spenders” in the election, should it really shock the American people that he, too, has turned out to be a big spender?
And those conservative low spending states recieve more of the federal pie,in effect having the liberal states subsidise their operations.
Poor little rich boys win again...and then cry all the way to the bank.
And those conservative low spending states recieve more of the federal pie,in effect having the liberal states subsidise their operations.
Poor little rich boys win again...and then cry all the way to the bank.
Username: nucanuck | On: September 5, 2010 at 12:47 a.m.
Reply: SCROLL to the RIGHT only if you're prepared to be SHOCKED!!! http://www.lafn.org/gvdc/Natl_Debt_Chart.html
Closing The Book On The Bush Legacy http://www.theatlantic.com/politics/print/2009/09/closing-the-book-on-the-bush-legacy/26402
China May `Crash' in Next 9 to 12 Months, Faber Says By Shiyin Chen and Haslinda Amin - May 3, 2010 2:42 AM GMT- http://www.bloomberg.com/news/2010-05-03/china-s-economy-to-slow-may-crash-in-next-nine-months-marc-faber-says.html
Reply: As the US goes down what do you think is going to happen to allof the othere countries?
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