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Study: Montana already into deficit spending
Montana is engaged in deficit spending if pension costs and other post-employment benefits for state workers are factored in. That’s according to a study published in 2009 by the Institute for Truth in Accounting.

From The Montana Policy Institute:

     That study claims Montana spent roughly $1,000 in deficit spending for every resident from fiscal year 2005 to 2007 when pension costs and other benefits are factored in.
 
     “Since then economic conditions have declined,” said Ralf Seiffe, a panelist for the Institute. “It is probably worse."  Read more.
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