when the former vice presidential candidate resigned as governor of
Alaska in the summer of 2009, she left the state with a 70 percent
debt-to-GDP ratio -- the highest state debt burden in the United States.
That's according to data compiled by the Washington Independent's Megan Carpentier,
who notes that Alaska has a debt burden similar to "that of Jordan and
Palinâ€™s favorite health care resource, Canada, and a higher ratio
than Ghana, Cote dâ€™Ivoire, India, the Philippines or Uruguay."
crisis-stricken California has a debt ratio of less than 40 percent.
All the more confounding about Alaska's debt is the fact that it is an
oil-producing region with a small population to share in that wealth.
Oil-rich Alberta, Canada, for example, collects no sales tax and still
managed to retire its debt entirely in 2004.
Alaska's massive debt burden can't be blamed entirely on Palin's
two-and-a-half-year stint as governor, she did face similar debt
problems while mayor of Wasilla, and those appear to be of her own
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