Palin left Alaska with highest debt-to-GDP in the US

You betcha. Well, they do say everything is bigger in Alaska, so I guess that also means accounting games and debt. Bigger than Texas, again. How can someone who quit their job after leaving the state with its debt equal to 70% of its GDP lecture anyone? The people who believe her are even bigger fools, but yes, we knew that already.

New Hampshire and Colorado attempted to use program-specific pots of state money to plug holes in their general treasuries; Connecticut wrote its own accounting rules; Hawaii reduced the length of its school week; and California made its businesses pay their 2010 taxes earlier to make the budget appear more balanced than it is. But one thing every state is doing, including Alaska, is camouflaging its debts by not releasing how much its state employee pension funds will owe — or how far behind it is on its contributions to said pension funds.

Less than a year after then-Gov. Sarah Palin (r-Alaska) quit the government to pursue other projects, Alaska leads the way in its debt-to-GDP ratio when its unfunded pension obligations are taken into account, followed by Rhode Island, New Mexico, Ohio and Mississippi. And although Alaska’s ratio is far lower than Greece’s, it does give the state a debt-to-GDP ratio similar to that of Jordan and Palin’s favorite health care resource, Canada, and a higher ratio than Ghana, Cote d’Ivoire, India, the Philippines or Uruguay.