Contact Us

What Does Washington State’s Debt “Look” Like? See The Shocking Stats

What does our state debt look like?
What does our state debt look like? (Photo by Christopher Furlong/Getty Images)

We hear so much about the debt carried by Washington state, when it comes to government spending,  unfunded liabilities (financial commitments not covered by taxes) and pensions.   But how does it look in “real life?”

In their annual report, the Washington Policy Center has assembled some staggering facts about how far we are in the hole.

*Our state carries $28.9 billion dollars in what is called the general obligation debt service.   That figure is larger than the TOTAL value of agriculture in Washington, Oregon, Idaho, Montana, Wyoming, Nevada, and Utah COMBINED.   If you used $1 bills,  our debt would, end-to-end, wrap around the earth 112 times.

*The unfunded public employees retirement system 1 payment plan is $3.8 billion in the red.  If measured in the weight of $1 bills,   that debt would weigh more than 15 new Boeing 787 jetliners.

*The unfunded teachers retirement system 1 plan is $1.9 billion in the hole.  Again, measured with $1 bills,  it would make a pile as high as 11 Space Needles stacked on top of each other.

 

Best of Newstalk 870

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newstalk870.am using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Newsmembers quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Newsmembers contests, events, coupons, presales, and much more delivered to you for FREE.