​Waste Of The Day: States Are $811 Billion In Debt – Tyler Durden

Waste Of The Day: States Are $811 Billion In Debt Authored by Jeremy Portnoy via RealClearInvestigations, Topline: America’s 50 state governments will need an extra $811 billion to pay off their current debt, according to the annual “State of the States” report from Truth in Accounting. Key facts: State governments had $2.9 billion in debt and only $2.1 trillion in assets at the end of fiscal year 2023, Truth in Accounting, a nonpartisan organization that promotes fiscal transparency and accountability, found. The gap will need to be covered by taxpayers sometime in the future. Twenty-seven states have “taxpayer burdens,” meaning…  — Continue at ZeroHedge News : Read More