• 10 years ago
"California is routinely criticized by pundits, politicians and economists for its inability to control spending and reduce deficits. Yet Ontario, with a fraction of California's population and a significantly smaller economy, carries a debt load almost twice as large as California's," said Sean Speer, associate director of fiscal studies at the Fraser Institute and co-author of Comparing the Debt Burdens of Ontario and California.
http://www.fraserinstitute.org/research-news/news/news-releases/Ontario-burdened-by-more-debt-than-California,-taxpayers-saddled-with-high-interest-payments/