Average U.S. state debt per capita: $1,053
The recession is hurting state budgets by reducing tax revenue while increasing demand for social spending. Meanwhile, state indebtedness has risenand the credit crunch makes it tough to borrow.
The recession is hurting state budgets by reducing tax revenue while increasing demand for social spending. Meanwhile, state indebtedness has risenand the credit crunch makes it tough to borrow.
