Sunday
Question #4
I believe that one on the biggest issues facing the state of Virginia currently, like the entire country, is debt. The state of Virginia currently ranks 29th out of the 50th state in lowest per capita state debt. In 2007, the per capita state debt in VA was $2557...now it is $7595 per person. This is a concern. The gross state product of Virginia is actually going up, yet the debt is over 13% of the GSP. The Virginia debt has been on the rise for the past decade, but it seems as if the situation isnt getting any better, even with more attention focused on the issue in the past few years. Without any changes, the debt could quickly get out of hand like in the nation as a whole, and VA could drop down the list even more.
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Well, they did say that states form the testing ground for new policy. If VA clears the debt hoop, we would be a shining example to the rest of the country.
ReplyDeleteI'm sure the Virginia debt is in part due to the national debt. I think it would be interesting to see how large the debt is in more populated states such as California and New York.
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