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Friday, April 16, 2010

Alaska's Debt Problem

At 70%, Alaska has the highest debt to GDP ratio of all 50 states. As Mayor of Wassilla Sarah Palin increased spending by 63% and increased the town's long term debt from $1M to $20M, or $3,000 per person because she totally botched a deal to build an ice hockey arena.

So how's that hopey, changey fiscal discipline working out for ya, Sarah baby.

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