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Massachusetts has three times as much state debt, per-person, than Michigan. Michigan has three times as much debt per-person as Tennessee or Nebraska.
Public debt puts states in a position of moral hazard. They are tempted to slaughter the goose that lays golden eggs in an attempt to harvest more of them, faster. Disproportionately high taxes and fee-generating regulations drive out private businesses and mobile professionals. That never ends well.
Louisiana is a bit worse, at 4.1K per resident. And, we have a tax-and-spend governor. He is a Democrat, of course, who thinks that he'll never run out of other people's money. I blame his very existence on the Louisiana Republican Party, who ran a thoroughly despicable candidate against him. This guy was so bad, I couldn't even hold my nose and vote for him.
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