Heartland Audio

Cory Eucalitto: State Debts Top $5 Trillion

January 16, 2014

State Budget Solutions has released its fourth annual State Debt Study, which shows state governments actually have $5.1 trillion of debt, far more than the states acknowledge. Cory Eucalitto of State Budget Solutions explains how state governments have used various budgeting and accounting gimmicks to hide the true size of their debts and discusses the implications of such high debt levels.