Highest number wins, right? Yea, Illinois for the W!
Cailfornia = Greece.
CC
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.
I wonder if the dark tinted Southwest would show a lighter shade if it were not for the burden of illegal immigrants...
Media’s using this one to take out Christie. All the headlines are about “Christie’s New Jersey” coming up 50th.
as gloomy as this seems, “what difference..does it make”?
The states have defacto money printing presses via their ability to continue to borrow. And who’s going to doubt that the federal government would act swiftly to bail out any state that goes over some fiscal cliff.
At this scale, it’s not like the “real money” that we have to deal with.
10 of the 11 states with the worst long-term solvency projections are liberal - only Kentucky breaks up the monopoly.
South Dakota’s high ratings may have a lot to do with the state having no state personal or corporate income tax and a Constitution that requires a balanced budget. Our Legislature meets for no more than 40 days...30 days in even years so they have less opportunity to spend money foolishly.