Using the higher pension gap number, State Budget Solutions said California is in the biggest financial hole — with total debt of more than $612 billion. New York follows with $305 billion of debt, and then Texas, with total debt of $283 billion. Vermont has the lowest amount of total debt at just over $6 billion.
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According to the analysis, California has also borrowed the most from the federal government to pay for unemployment benefits, $8.6 billion. Michigan was next, taking out $3.1 billion, and then New York, borrowing $2.9 billion.
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Connecticut has the highest debt per capita, at $5,402, and nine states have debt of more than $3,000 per capita.
Wednesday, October 5, 2011 Ogden: State has $1.8 billion surplus
Hmmm......