48 Illinois -$216.1 -$50,800 F
49 Connecticut -$69.8 -$53,400 F
50 New Jersey -$195.5 -$61,400 F
I was just interested in seeing which states were worse than IL. #’s 49 and 50 are no surprise.
Does anyone want to wager which one goes under first?
Democrats will blame Republican governors and Fox News for this.
G. Ryan, Rauner, Rowland, Rell, Whitman and Christie will be blamed.
Where do these states get the money to pay expenses week to week? Do they just stiff contractors for protracted periods? Are there still people and funds who buy their bonds? You would think at some point they will really really run out of cash.
Wow, Milloy really destroyed CT.
The bottom five states in terms of fiscal solvency are Kentucky (#46), Massachusetts (#47), New Jersey (#48), Connecticut (#49), and Illinois (#50).
https://www.mercatus.org/statefiscalrankings