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How a Federal Default Would Hit States

STATELINE INFOGRAPHIC At stake for all states One state's risk: Wisconsin 29% States rely on the federal government for 1 of 3 dollars Federal dollars make up of Wisconsin's annual budget $27 BILLION $$ 18 BILLION Medicaid 9 BILLION TOP $9,298,503 K-12 education Transportation Higher education Public assistance BILLION Programs most affected by federal funding' Depending on how the U.S. Treasury prioritizes its payments, Wisconsin may lose some or all of: 5 DIST. OF COLUMBIA $350,000,000 WYOMING ALASKA NEW MEXICO in monthly federal support for Medicaid NEW YORK States that received the most federal dollars $140,000,000 per capita, FY 2010 2 for law enforcement training and equipment for first responders 6 DIST. OF COLUMBIA MARYLAND VIRGINIA NEW MEXICO 5,300 394 jobs tied to university research grants employees in the Department of Military Affairs MONTANA ALASKA States where more than 1 percent of workers are federal civilian employees ? 162,300 If the U.S. loses its bond rating, AAA so may these states: veterans' monthly benefits MARYLAND NEW MEXICO SOUTH CAROLINA TENNESSEE VIRGINIA Sources: 1 National Association of Budget Officers 2 Federal Funds Information for States 3 U.S. Census Bureau 4 Moody's 5 Memo from Mike Huebsch, Secretary of Admnistration to Governor Scott Walker, July 25, 2011 6 Funding is for two years infographic by Carla Uriona and Mary Mahling 15

How a Federal Default Would Hit States

shared by curiona on Apr 25


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