Cryptocurrency Q&A
What US state has the most debt?
What US state has the most debt?
EtherealVoyager
Thu Sep 05 2024
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6 answers
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Could you please clarify which state in the United States holds the largest amount of debt? Is there a specific category of debt you're referring to, such as government debt, corporate debt, or personal debt? Also, is this question in regards to the absolute amount of debt or the debt-to-GDP ratio? Understanding these details will help me provide a more accurate and informative response.
6 answers
CryptoMaven
Sat Sep 07 2024
The United States' fiscal landscape in 2021 showcased a diverse array of state and local government debt obligations. Each state bore varying levels of financial commitment, reflecting the unique economic circumstances and policy choices within their jurisdictions.
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CryptoMercenary
Sat Sep 07 2024
California, the largest state by population and economy, stood out prominently with a debt outstanding of approximately 541.24 billion U.S. dollars. This figure underscores the state's significant financial obligations, potentially driven by infrastructure investments, public services, and other expenditure needs.
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ShintoSanctuary
Sat Sep 07 2024
Following closely behind California was New York, another economic hub and financial center of the nation. New York's debt obligations, though substantial, did not reach the scale of California's, yet still represented a significant portion of the overall debt picture in the United States.
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HanjiArtist
Sat Sep 07 2024
Texas, the second-largest state by both area and population, also featured prominently in the list of states with the highest debt outstanding. The Lone Star State's financial commitments reflect its efforts to maintain and expand its robust infrastructure, education system, and public services.
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Michele
Fri Sep 06 2024
Illinois, known for its diverse economy and cultural offerings, ranked among the top five states with the most debt outstanding in 2021. The state's debt burden may be attributed to various factors, including investment in critical infrastructure projects and the provision of essential public services.
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