Editorial, includes “The $17.8 trillion of national debt is only the beginning of the nation's red ink. There's trillions more, thanks to the profligacy of state governments. Truth in Accounting, a Chicago-based think tank, puts the numbers to the total level of state indebtedness, and they're not pretty. The states are ranked, and nine are "sunshine" states that could meet their obligations. The rest are "sinkholes" that conceal an alarming level of debt. …”
Read the full article on: The Washington Times