- FrontPage Magazine - http://frontpagemag.com -
California Debt Bigger Than Brazil, Mexico or India
Posted By Daniel Greenfield On September 26, 2012 @ 3:57 pm In The Point | 2 Comments
Congratulations. people of California, it’s a bouncing 335 billion dollar debt. That’s more than the debts of Argentina, Czechoslovakia and Israel combined.
If California were a country, its debt would actually be the 25th largest in the world, right behind South Korea and ahead of Brazil. Despite only having a population of 37 million, California’s debt is bigger than those of much larger and poorer countries like Brazil, with a population of nearly 200 million, India, with a population of 1.2 billion and Pakistan, with around 176 million people. It’s half the debt of China.
That pile of debt comes out to around 9,000 dollars per Californian. The good news is that’s still well below the national debt per citizen share. For that to happen, California would need to hit a 1.8 trillion dollar debt to get there.
So another term of Jerry Brown should do it.
Article printed from FrontPage Magazine: http://frontpagemag.com
URL to article: http://frontpagemag.com/2012/dgreenfield/california-debt-bigger-than-brazil-mexico-or-india/
Copyright © 2009 FrontPage Magazine. All rights reserved.