Who is paying their debt.
Who is creating debt.
Who is spending more than they can pay it off? Who is spending a lot, but still paying it off?
Who is spending little, but still not paying off their debt? Who is spending little, and still paying their debt off?
Who isn't spending but also getting their debt paid off?
I found this while knowing that California had a surplus this year. What is funny? With all that spending, we are still paying our debt. A lot of other states, however, seem to be accumulating debt rapidly.
You can check your state debt by clicking on the State Debt Clock Icon at the top left.
What I found interesting is that New Mexico is not spending much, but their debt is also slowly disappearing (this is the most interesting.)
California is rapidly spending, but they are also rapidly paying off the debt (at least for now.)
Texas is rapidly spending, but their debt is going up.
Alabama is slowly spending, but their debt is increasing fast.
Nevada is slowly spending, but is paying off its debt.
New Jersey is spending less, but their debt is increasing.
What I find is that tax and spend can work, not spending much can also lower the debt. It just takes balancing the way your state handles the budget. Which leads to revenue. So to be fair, California is losing revenue even though it is paying off it's debt, Texas is increasing debt, but is gaining revenue.