Tags: National Debt | Polls | connecticut | iowa | kentucky | massachusetts | tennessee

Unfunded State Liabilities Total 1.5 Trillion

Image: Unfunded State Liabilities Total 1.5 Trillion
(Vignes81/Dreamstime)

By
Thursday, 01 February 2018 12:47 PM Current | Bio | Archive

Forty-one U.S. states do not have enough money to pay their bills, collectively they have racked up $1.5 trillion in unfunded liabilities.[1] Truth in Accounting reports that when all the liabilities are counted, only nine states have even a modest surplus.

The nine fiscally sound states are Alaska, North Dakota, Wyoming, Utah, Nebraska, South Dakota, Tennessee, Idaho, and Iowa.

New Jersey has the worst fiscal rating, with unfunded liabilities of $67,200 per taxpayer. Illinois is second, with unfunded liabilities of $50,400 per taxpayer. It is perhaps no coincidence that people are more likely to move out of these states than any others.[2]

Three other states top $30,000 in unfunded obligations per taxpayer — Connecticut, Kentucky, and Massachusetts. These three are also near the top in terms of people leaving (Connecticut ranks fourth, Kentucky eighth, and Massachusetts sixth).

Footnotes:

  1. Truth in Accounting, "Financial State of the States," September 19, 2017
  2. United Van Lines, "Americans are moving westward, flocking to the Mountain and Pacific West," accessed January 31, 2018

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
ScottRasmussen
New Jersey has the worst fiscal rating. Illinois is second. It is perhaps no coincidence that people are more likely to move out of these states than any others.
connecticut, iowa, kentucky, massachusetts, tennessee
256
2018-47-01
Thursday, 01 February 2018 12:47 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved