The Truth About Balanced Budgets: A Fifty State Study 4/27/2009
How can your state be balancing its budget, but going further into debt?
All states except Vermont have balanced budget requirements, so how can the states be in debt? Our study goes into depth explaining the tricks used to claim balanced budgets, yet increase state debt. Click here to review this study.
Are these statistics current? I am intensely intrigued.
Posted by Tom Berg on 5/7/2009 8:22:49 AM
The official debt number comes from the Treasury department's numbers, which they update every few days. The true debt number is derived from the 9/30/08 U.S Government financial report. We increase this number at an annual rate of 5%. We suspect that this number is low due to the explosion of the public debt that has happened, since 9/30/08. Thank you for your interest. Sheila
Posted by Sheila Weinberg on 5/7/2009 8:29:29 AM
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