Alaska Largest Of State Debt After Sarah Palin
April 1, 2010
Her term as governor was littered with scandals, and her financial exploits were made known during her time running as VP pick to John McCain. This included large bills wracked up at the taxpayers expense for clothing, trips, and having her kids along for conferences.
According to Palin, all of this was fine for the taxpayer to cover (health care is, of course, going too far).
But her money-savvy doesn’t just break down there.
After her time as governor, Palin left the state with an incredible personal debt of 70% debt-to-GPD, according to a report by The Independent.
This is the highest amount of any U.S. state, despite its’ oil-rich land and small population.
The debt was not her doing, specifically, at least not all of it, but it shows a pattern that inclined steeply during her time in office.
It was a patterned shared during her time in Wasilla as mayor, which was also shadowed with intense debt.The deficit in Wasilla went from $1 million to $22 million during her time there.
What makes this data most interesting is how it compares to statements Palin has made, painting herself as a fiscal conservative who has great financial sense.
It is also beneficial to note that Canada, the country she is railing against in the health care debate, has a lower debt ratio than her own state.
And you can take that to the bank, Mavericks.