GOP Governors Hoard Funds, Escalate Layoffs; Put Drag on Economy (CHART)

STATE GOVERNOR’S PARTY GENERAL FUNDS RAINY DAY FUND 2011 JOBS LOSS
1 Alabama Republican $51,000,000 40.5%
2 Indiana Republican $1,124,000,000 $57,000,000
3 Maine Republican $19,000,000 $71,000,000
4 Michigan Republican $554,000,000 $2,000,000
5 Minnesota Republican $1,289,000,000 $9,000,000
6 Montana Republican $340,000,000
7 New Hampshire Republican $27,000,000 $9,000,000
8 North Carolina Democratic $583,000,000 $296,000,000
9 Ohio Republican $845,000,000
10 Pennsylvania Republican $1,073,000,000
11 Wisconsin Republican $86,000,000
12 Texas Republican $1,136,000,000 $5,012,000,000 31.0%
TOTAL $7,127,000,000 $5,456,000,000 71.5%
Compiled by VeracityStew.com
Sources: A Fiscal Survey of States, Spring 2012, produced by the National Governors’ Association and the National Association of State Budget Officers. Roosevelt Institute, March 27, 2012; 

Twelve Red states, 11 of which went Red in 2010, were responsible for almost ¾ of the total public sector job loss in 2011, while sitting on more than $12.5 billion in hoarded state funds. Without these layoffs, economists say, our national unemployment would have been around 7% today. What could be their reason for this? Given the GOP pledge to “make President Obama a one-term president,” one has to wonder.

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