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Governors and Drunken Sailors: Out in the states, they've spent themselves silly.(Statistical Data Included)
During the go-go 1990s, no group in America engaged in conspicuous consumption more than the nation's governors. State budgets doubled in size, as lawmakers invented new ways to dole out tax dollars. Most states now spend between $800 and $1,000 more per person than they did in 1990 -- and that's after adjusting for inflation. As a new report by the American Legislative Exchange Council says, "Governors spent tax dollars as if the good times would last forever."
Well, they didn't.
So after years of binge spending and Everest-sized budget surpluses, most states are now swimming in rivers of red ink. California, New York, and Virginia are in particular ...
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