CALIFORNIA HAS MORE THAN $60 BILLION IN DEBT − AND THAT AMOUNT IS GROWING RAPIDLY.
California has no law limiting the amount of public debt the state can accumulate. Adding debt approved by voters but not yet borrowed brings the total to $136 billion, and the administration�fs Strategic Growth Plan calls for $35 billion more. The state�fs tax�]supported debt comes to $1,638 per person, the 10th largest in the nation (or 14th largest as a share of income). Including current borrowing plans, Californians will carry the largest state debt burden in the nation ($4,679 per person).
This is a lot different from the figure you posted noonie.
The Queensland Budget papers from Treasury report a 2009/10 deficit of $21.9 billion.
Again this figure is wildly different to the figure in your post noonie.
Dave R.
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