New Jersey has fourth-highest debt-$282 billion- among U.S. states, with California owing the most: $617 billion
Total owed by 50 states: $4.19 trillion, in addition to $16 trillion (and growing) U.S. national debt By Jared Kaltwasser, NJ Biz The 50 states are more than $4 trillion in debt, according to a new report, and New Jersey is among the worst offenders. State Budget Solutions, a self-described nonpartisan nonprofit based in Virginia, calculated the debt of all 50 states and found a total of $4.19 trillion in red ink. California is the most indebted state — by far — but New Jersey ranks fourth, behind New York and Texas. Bob Williams, president of State Budget Solutions,...
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