Tea Party Patriots Ordinary citizens reclaiming America's founding principles.

Friday, January 7, 2011

States have $1 Trillion Debt

The Census Bureau said state government revenues declined 30.8% in 2009, from $1.9 trillion to $1.1 trillion. Although they took in less money, the states spent a total of $1.8 trillion and, at year's end, were collectively holding a $1.0 trillion debt.

The 2009 Annual Survey of State Government Finances provides key financial statistics for each of the 50 states.  Click here for Ohio.

The Federal Government is broke and the State's are in hock -- isn't it just grand our country wants to spend money we don't have on helping other countries?

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