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Colorado’s Debt

Colorado’s Democrats like to make a big deal out of the state not being able to issue debt (even as they do everything possible to get around the restriction).  They’ll point to a low overall debt-to-GDP level, nominally 4.9%.  Once you adjust for pensions and other unfunded liabilities, we’re not in such good shape.  At 16.3%, we’re #15 on the list, and above the US average of 11%.  Eventually, this is going to start to drag on growth.

Posted in Economics, Politics.

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