Sign In
Ask Question
Monserrat Harrison
Social Studies
25 May, 04:34
Why did the government of Texas have a large debt
+2
Answers (
1
)
Willie Keith
25 May, 05:03
0
The large debt of Texas accounts from the building of extravagant sports facilities and the obligations for the government's workers' pensions.
Explanation:
Since 2015, the local debt of the government of Texas has already exceeded $338. This literally means that every person (including children) in the state owes $12,250 dollars of the country's incurred debt. This is also a result of the country's borrowing binge, which even adds more debts year after year.
There are primarily two reasons why the government of Texas has a large debt. First, they borrow money to build extravagant athletic facilities in schools. This is because the country has a consuming passion for sports such as football. Second, they also have trouble funding the pension system. Most of these systems are underfunded, thus resulting into more contributions coming from each municipalities.
This growing debt needs to have a reform and transparency in order to be addressed properly.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“Why did the government of Texas have a large debt ...”
in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
2. What similarities does Atticus see between the men at the jailhouse the night before the trial and the jury the next day? What does he think causes juries to unjustly convict innocent black men? How does Jem propose to fix the problem?
Answers (1)
In a situation where you want to perform one action when a Boolean expression evaluates as true and an alternate action when it evaluates as false, otherwise known as a dual-alternative decision, what sort of statement should you use?
Answers (1)
The creation of slavery is best understood by the concept (s) of
Answers (1)
What was the name of Powhatan's daughter?
Answers (1)
Yip, j., liu, j., & nadel, a. (2006). a question of leadership: is there a difference between youth leaders and adult leaders, and if so, should leadership development for youths differ from that for adults
Answers (1)
New Questions in Social Studies
A system of checks and balances in leader behaviors. A moral philosophy between concepts of right and wrong behaviors linked to resource allocation. An application of distributive justice based on values, beliefs and principles. All of the above.
Answers (1)
Stretch of battlefield along the German and Russia border?
Answers (1)
Since the breakup of the Soviet Union, people in the Caucasus and Central Asia have experienced a new way of life. Which statement reflects one of these changes? A.
Answers (1)
A consumer analyst asks participants to rate the health benefits of two health drinks-EnerG and Supreme. EnerG is rated more nutritive with a mean of 5.5 than Supreme, which is found to have a mean of 4.3.
Answers (1)
As Celine begins to reveal more and more of her innermost thoughts and feelings to her therapist, she begins to feel good about him as well as accepted by him. She develops a sense of trust, particularly because he does not criticize her.
Answers (1)
Home
»
Social Studies
» Why did the government of Texas have a large debt
Sign In
Sign Up
Forgot Password?