We all know about the $3.25 billion deficit Gov. Ed Rendell ran up in the General Fund budget for the 2008-09 fiscal year, but Pennsylvania is drowning in red ink when you take into account all other state and local debt.

The Commonwealth Foundation has a terrific post at its Web site about the state of "Debtsylvania."

Pennsylvanians owe $115 billion in state and local government debt, according to the Foundation, which reviewed spending from 2002 to 2008.

No surprise here, but the debt has skyrocketed during the tenure of Gov. Rendell.

"Under Governor Rendell, total state general obligation debt outstanding has increased from $6.8 billion to a projected $9.5 billion with his 2009-10 budget proposal, a 40% increase in seven years," The Foundation says.

To read the full report visit The Commonwealth Foundation Web site.