Posted on 01/17/2014 7:08:04 AM PST by rightwingintelligentsia
New research from Sarah Arnett examines states’ abilities to meet their financial obligations in the face of state budget challenges that have far outlasted the Great Recession. Fiscal simulations by the Government Accountability Office suggest that despite recent gains in tax revenues and pension assets, the long-term outlook for states’ fiscal condition is negative (GAO 2013). These simulations predict that states will have yearly difficulties balancing revenues and expenditures due, in part, to rising health care costs and the cost of funding state and local pensions.
Arnett uses four different indices to analyze state solvency using each state’s fiscal year 2012 Comprehensive Annual Financial Report data. She then weights these four indices to create the State Fiscal Condition Index below.
Cash Solvency
A state’s cash solvency takes into account the cash the state can easily access to pay its bills in the near term, reflecting the state government’s liquidity. The map below indicates that most states have enough cash on hand to meet their short-term obligations.
(Excerpt) Read more at mercatus.org ...
Highest number wins, right? Yea, Illinois for the W!
Cailfornia = Greece.
CC
Yes, thanks.
Could someone overlay or side by side the Red/Blue state map with that one? I’m guessing there would he a very strong correlation ...
Thanks for posting this!
For those not clicking through.. this is just one of 5 different graphs.
Texas: Cash Solvency #42
Budget Solvency #10
Long run Solvency #16
Service level Solvency #12
Fiscal Condition #20
FLORIDA #4!................
Montana, Alaska, & South Dakota seem to be mining/mineral & oil rich states—which probably helps them weather recessions well, when the Fed drives up commodity prices. Montana’s unemployment rate was lowest in history under Carter & hit its highest rate ever late in Reagan’s presidency because of low inflation, falling oil & gold prices, etc. That’s why going to Montana & campaigning as a “Reagan Republican” might not get you very far there....and why John Tester got re-elected in 2012 to the U.S. Senate saying the same thing he said in 2006, ie “Bush squandered the surplus with tax cuts for the rich & got us into 2 wars” . He beat a good GOP candidate, too-liked both by tea party as well as mainstream GOP.
ALICE COOPER
“I Gotta Get Outta Here”
I can`t wait to wake up in my very own bed
Far away from the madness and my pounding head
The shiver up my spine and this feeling of dread
Well first I finally passed out, then I woke up in pain
Tangled in the wreckage of a runaway train
Was I the last man on earth or was I just insane
I gotta, gotta, gotta, gotta get outta here
I gotta, gotta get outta here
I’m getting the message, it’s totally clear
Yeah I really gotta get out of here
I danced at a disco where the bodies all fell
Piled up to the sky, what a sulphurous smell
Man, the ghouls on the beach they were hotter than hell
(Yeah yeah yeah)
I popped the old man, put a hole in his eye
Spent the night with the devil, she was such a bad guy
And if he has her way I will eternally fry
I gotta, gotta, gotta, gotta get outta here
I gotta, gotta get outta here
It’s not complicated, yeah it’s pretty damn clear
I really gotta get outta here
Just wanna be myself again and find my way out of this iniquitous den
I ain’t having fun and I ain’t making friends
I don’t wanna know how this nightmare ends
I don`t know why I’m here, why I’ve fallen from grace
I can’t explain the burns, or the scars on my face
Somebody please wake me up and get me outta this place
(Yeah yeah yeah)
I said I gotta, gotta, gotta, gotta get outta here
I gotta, gotta get outta here
They say isn’t the message clear to you yet, sonny
[Choir:] “What part of dead don`t you get?”
[Alice:] “Nah.. excuse me?!?”
[Choir:] “What part of dead don`t you get?”
[Alice:] “whoa whoa whoa w-wait a minute”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I’m sorry, are you talking to me?”
[Choir:] “What part of dead don`t you get?”
[Alice:] “Hey I signed on for a nightmare..”
[Choir:] “What part of dead don`t you get?”
[Alice:] “Really. I mean that’s a little drastic don`t you think?”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I don’t.. I.. I.. hey.. whoa...”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I get it.. but, but I don`t get it..”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I’m sinking here.. Hello?”
[Choir:] “Yeah yeah yeah”
California = Grease.....................
So, if we place bets on which state fill fail the worst the soonest, which is the best place for the money?
California?
Illinois?
I wonder if the dark tinted Southwest would show a lighter shade if it were not for the burden of illegal immigrants...
So, this is saying Gov. Chris Crisco has the worst state economy of all 50? Interesting...
Top 5 by number of illegal aliens (specific ranking varies)
California
Texas
Illinois
Florida
New York
http://www.dhs.gov/xlibrary/assets/statistics/illegal.pdf
see table 1 on page 6
FL bump. Besides removing 15000 from state employment rolls Gov. Rick Scott is also working on pension reform.
It does not correlate at all. The crappy states are in both red and blue areas. Kentucky, Louisiana, Alabama, Mississippi are pretty disastrous with regards to how they are run....and poverty and horrid schools make them even worse.
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