Louisiana's debt status is now equal to that of a third-world country.
Have you looked at the record of the United States? We are the world's largest debtor. No one else even comes close. To top things off, the United States has off-balance sheet liabilities that make Enron look good. The unfunded and unfundable liabilities of Social Security and Medicare are currently roughly equal to the entire estimated private net worth of the United States. And by historic valuation metrics, the assets that compose much of the private net worth of the US are presently over valued. If foreign investors reach the conclusion that US assets are over valued and begin to disinvest in the US or simply decide to repatriate capital to invest in their own countries (foreign markets have recently been out performing US markets) we could have a financial crisis on our hands.
Highlighting Louisiana's problems invites critical analysis of the US itself. If, or dare I say 'when', people start turning over rocks, I don't think they are going to like what they find.