This is for all u lefties... thank ur Gov... MA, Cong and Senate for this elite status! Massachusetts > Debt per capita: $11,310 (the highest) > Budget deficit: 8.6% (42nd largest) > Unemployment: 7.4% (tied-18th lowest) > Median household income: $62,859 (5th highest) > Pct. below poverty line: 11.6% (9th lowest) Relative to its income, there is no state that overspends more than Massachusetts. In fiscal year 2010, state revenue was $50.4 billion, the 11th-highest in the country, while state debt was $73.9 billion, the third-highest in the country. That debt to revenue ratio of nearly 1.5 to 1 was by far the worst in the U.S. State debt per resident was more than $11,000, the highest in the nation. The state’s high debt comes from its spending on social programs. Total state expenditure per capita in 2010 was $7,900 per person, which was among the highest in the nation. Thanks to Massachusetts’ largely mandated health care system, introduced by former Governor Mitt Romney, just 4.3% of state residents were without health insurance coverage, the lowest in the nation.
Posted on: Fri, 23 Aug 2013 01:18:38 +0000
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