If you don't think leftism is dangerous and self-defeating here is something you m ay not know.
States with the most debt:
1. New York - $203.77 billion in debt with about $106 billion in assets
2. New Jersey - $66 billion in debt with assets of about $23.6 billion. NJ liabilities exceed $220 billion! It has the highest debt to asset ratio in the country
3. Illinois
4. Massachusetts
5. California
New York and New Jersey have among the highest tax burdens in the country. NJ s actually #1 in that category. The other states are among the highest taxed states as well.
States with the lowest debt:
1. Texas
2. Florida
3. Alaska
4. North Carolina
5. Tennessee
The top 3 have no income taxes.
These are the states with the highest per capita debt (in order):
Massachusetts ($11,130.02)
Connecticut ($10,927.73)
Rhode Island ($8,406.29)
Alaska ($8,215.89)
New Jersey ($7,426.04)
New York ($7,243.07)
Hawaii ($6,888.93)
Vermont ($5,623.79)
New Hampshire ($5,614.61)
Illinois ($4,938.57)
Now, what can we deduce from this data?
When you look into the causes of the highest debt it is usually public pensions and health care. In other words, leftists buying votes with our money - and the money our children will earn when they reach adulthood. I live in NJ and while our governor is trying to pay off the debt $1 billion at a time, the Democrats who run the state are giving the money away at a faster pace. This year they are using COVID as an excuse to spend hundreds of millions to help families pay their rent and mortgages which are unaffordable because of the highest property taxes in the country!