Enlightened ramblings of a minarchist libertarian with Objectivist tendencies

Monday, July 26, 2004

Don't Worry, We'll Just Put it on the Card

The latest Census Bureau figures show that states went hog wild between 1992 and 2002.

Kansas increased its debt by 371.1%, while my state of Texas was number 2 with a 200.1% increase. One lone state reduced its debt load over this period, Louisiana. They managed to reduce their debt by 7.6%.

When will those in government be forced to live by the same fiscal rules as the rest of us? You can't just borrow and borrow until no one will lend you money. States have to start streamlining their services, just as the Feds need to do.


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