Post-Palin Alaska has largest debt burden in US

Discussion in 'Politics' started by Shogun, Apr 1, 2010.

  1. Shogun
    Offline

    Shogun Free: Mudholes Stomped

    Joined:
    Jan 8, 2007
    Messages:
    30,495
    Thanks Received:
    2,224
    Trophy Points:
    1,043
    Ratings:
    +2,260
    Sarah Palin has long sold herself as a fiscal conservative, arguing against the Democrats' health overhaul on the grounds that the nation simply can't afford it.

    But when the former vice presidential candidate resigned as governor of Alaska in the summer of 2009, she left the state with a 70 percent debt-to-GDP ratio -- the highest state debt burden in the United States.

    That's according to data compiled by the Washington Independent's Megan Carpentier, who notes that Alaska has a debt burden similar to "that of Jordan and Palin’s favorite health care resource, Canada, and a higher ratio than Ghana, Cote d’Ivoire, India, the Philippines or Uruguay."

    By comparison, crisis-stricken California has a debt ratio of less than 40 percent. All the more confounding about Alaska's debt is the fact that it is an oil-producing region with a small population to share in that wealth. Oil-rich Alberta, Canada, for example, collects no sales tax and still managed to retire its debt entirely in 2004.

    Post-Palin Alaska has largest debt burden in US | Raw Story
     
    • Thank You! Thank You! x 1
  2. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,315
    LOL. Typical Conservative.
     

Share This Page