Massive state, local tax increases and record high revenue must pay down debt

Massive state, local tax increases and record high revenue must pay down debt
"The most frightening fact revealed by the latest BEA data is the steady increase in “Total Expenditures” quarter by quarter, year by year throughout the recession, despite politicians shrieking hysterically about “cuts.”
First quarter state and local government spending increased 12.3 percent from 2007 to 2011. It went up every year.
Annual spending went up every year throughout the recession for a total increase of 8.1 percent from 2007 through 2010.
But the second scariest numbers are those showing “Total Expenditures” bigger than “Total Receipts” back to 1985, with the deficits growing bigger and bigger every year despite claims of “balanced” budgets.

What are the scariest numbers?
The ones not even on the books.
State and local politicians refuse to account for at least $18 trillion in hidden debts and obligations they have run up secretly, like shopaholics with a stolen credit card."