posted on 11/26/2012 6:19:54 PM PST
Maine, New York, South Carolina,Kentucky, Illinois,Hawaii,Ohio
posted on 11/26/2012 6:23:49 PM PST
posted on 11/26/2012 6:25:44 PM PST
by null and void
(The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.)
“Austin looks very attractive”
Has this person ever lived or drove through there??
The worst city in Texas
posted on 11/26/2012 6:30:12 PM PST
Not so much a death spiral. CA is more like a head long plunge into the abyss.
posted on 11/26/2012 6:30:21 PM PST
(I hate to say I told you so, but...)
"The taker count is the number of state and local government workers plus the number of people on Medicaid plus 1 for each $100,000 of unfunded pension liabilities.
Seems an arbitrary formula -- and 4 of the 10 are red states. It also seems pretty obvious that you wouldn't move a factory to California -- but Alabama would be less obvious. Haven't Mercedes and Honda built factories in Alabama?
posted on 11/26/2012 6:36:46 PM PST
("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
Illinois has already started lobbying for the fedgov to fund their stunningly underfunded state pension system. Given their close personal relationship with Baraq, that probably makes it likely, and then the floodgates are open.
Since the fedgov itself is only a short distance from insolvency, I’m not sure it really makes much difference.
posted on 11/26/2012 6:38:09 PM PST
(Baraq's economic policy: trickle up poverty)
I’m shocked that New Jersey isn’t on this list. I guess the one thing it has going for it as far as this list is concerned is that it’s simply too expensive for retirees to hang around here.
posted on 11/26/2012 7:06:12 PM PST
by Alberta's Child
("I am the master of my fate ... I am the captain of my soul.")
California will be the first go into bankruptcy.
Austin looks very attractive.
Bear in mind that various F.R. Texans have stated that Austin is a hot bed of liberalism, one of the few in Texas.
posted on 11/26/2012 7:13:16 PM PST
(What G.O.P.e. candidate is in store for us in 2016?)
Death Spiral State bump for later.........
posted on 11/26/2012 7:19:34 PM PST
Forbes should be congratulated for coming up with the “death spiral state” concept — it’s a blast!
>>Austin looks very attractive.
It sure does. I’d like to help make Austin normal again.
posted on 11/26/2012 7:39:12 PM PST
("Leading from Behind" gets your Ambassador killed)
posted on 11/26/2012 7:41:05 PM PST
("that these United Colonies are, and of right ought to be, free and independent States")
posted on 11/26/2012 7:48:55 PM PST
("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
posted on 11/26/2012 8:58:05 PM PST
by The Mayor
("If you can't make them see the light, let them feel the heat" Ronald Reagan)
I’m in CA, so hell yeah we are on the losing list.
The Obama crunch is at hand.
posted on 11/27/2012 12:00:30 AM PST
(Self-respect: the secure feeling that no one, as yet, is suspicious. ~ HLM)
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