But according to US Debt Clock.org, it’s not California or New York or Arizona that’s in the hottest fiscal water. It’s………Kentucky!
According to the real-time info on this “clock,” Kentucky’s 32 percent debt-to-GDP (technically, it would be Gross State Product, which is the best indicator of a state’s economic health) ratio is the highest in the entire nation. And that percentage keeps growing.
And just think, the Kentucky House of Representatives wanted to add more than $1 billion worth of additional bonded indebtedness to the backs of Kentucky taxpayers during the just-completed legislative session. Shameful.
For your added viewing pleasure: Watch the “clock” and you’ll see the debt, like magic, increase right before your very eyes!!