unfunded state liabilities
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Dave Backus @ NYU
Feb 26, 2011, 11:55:19 AM2/26/11
to Global Economy news
Great graphic in the NY Times article about NJ Governor Christie
(links below). My advice: leave NJ before the tax bill comes due.
But don't move to Hawaii or Greece.
http://www.nytimes.com/imagepages/2011/02/27/magazine/27christie-grahpic1.html
http://www.nytimes.com/2011/02/27/magazine/27christie-t.html
Extra credit: explain how states can run up such large debts while
legally required to run balanced budgets.
http://www.ncsl.org/IssuesResearch/BudgetTax/StateBalancedBudgetRequirements/tabid/12660/Default.aspx
(links below). My advice: leave NJ before the tax bill comes due.
But don't move to Hawaii or Greece.
http://www.nytimes.com/imagepages/2011/02/27/magazine/27christie-grahpic1.html
http://www.nytimes.com/2011/02/27/magazine/27christie-t.html
Extra credit: explain how states can run up such large debts while
legally required to run balanced budgets.
http://www.ncsl.org/IssuesResearch/BudgetTax/StateBalancedBudgetRequirements/tabid/12660/Default.aspx
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