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Tuesday, Sep 01st

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You are here News Domestic (USA) Palin Left Alaska With Debts Equal to 70 Percent of Its GDP

Palin Left Alaska With Debts Equal to 70 Percent of Its GDP

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Less than a year after then-Gov. Sarah Palin (R-Alaska) quit the government to pursue other projects, Alaska leads the way in its debt-to-GDP ratio when its unfunded pension obligations are taken into account, followed by Rhode Island, New Mexico, Ohio and Mississippi. And although Alaska’s ratio is far lower than Greece’s, it does give the state a debt-to-GDP ratio 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.

TVNL Comment: That is how Republicans work. They charge everything and then the Democrats come in and are forced into doing unpopular things to reduce the debt. This is why they always raise taxes. They are left cleaning up the mess caused by a debt based approach to running government.

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