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STUDY: state and local governments are carrying over $7 trillion in debt.

November 27, 2012

New research produced by Harvard’s Institute of Politics (IOP), the University of Pennsylvania’s Fels Institute of Government and the American Education Foundation (AEF) finds state and local governments are carrying over $7 trillion in debt.  The new ‘State of the States’ report also offers nonpartisan analysis on the FY 2011 finances and budgets of four U.S. states: Massachusetts, New Jersey, New York and Pennsylvania – and shows an end to federal fiscal stimulus is causing states to close widening budget gaps by cutting funding in education, infrastructure and other key programmatic areas.

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Founded in 1964, the American Conservative Union (ACU) is the original conservative organization in the nation. For more than fifty years, ACU has served as an umbrella organization harnessing the collective strength of conservative organizations fighting for Americans who are concerned with liberty, personal responsibility, traditional values, and strong national defense. As America's premier conservative voice, ACU is the leading entity in providing conservative positions on issues to Congress, the Executive Branch, State Legislatures, the media, political candidates, and the public. Read More