New Hampshire is looking at a $900 million deficit this year. State spending will exceed tax revenue by that much. California is looking at a $28 billion deficit. Who is deeper in the hole?
New Hampshire's population is 1.3 million people, California's is 37 million.
Divide New Hampshire's deficit by the population to yield deficit per citizen.
$900 million/1.3 million = $692 deficit per citizen.
Divide California's deficit by the population to yield deficit per citizen
$28 billion/37 million = $756 deficit per citizen
In short, we in frugal New Hampshire are nearly as broke as free spending California.
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