Posted on 11/13/2009 7:09:28 AM PST by FromLori
It's not just California that's dragging the country down. Did you know Wisconsin was in trouble?
A new report by the Pew Center on the States, called Beyond California: States In Trouble, shows us the 10 that are weighing the country down.
The ranking looks at budget gaps, foreclosure rates, lost state revenues, unemployment, money-management practices, and where "super-majority" requirements are killing efforts to fix the financial mess.
Scores for each category are tallied for an overall ranking. We bring you the top 10, counting down from bad to worst. The higher score, the bigger the crisis. California gets a 30, while the national average is 17.
Of course, all states except for Montana and North Dakota faced budget shortfalls for fiscal 2010. And based on historical precedent, state budgets are likely to get worse, bottoming long after the national economy, with costs rising faster than revenue.
CHECK OUT THE 10 WORST STATE BUDGETS>>>
(Excerpt) Read more at businessinsider.com ...
ping
How can it be that NY is not in the worst ten list? This state is going down the financial toilet faster than Obama’s approval rating.
Yahoo blames the fiscal problem on the “supermajority” when the real reasons for the problems are
1. Regulations chasing business out of California
2. Illegals using state benefits
3. High taxes chasing business out of California
4. Illegals
5. Environmentalists chasing business out of California
6. Did I mention illegals
Let Cap and Trade pass and the coal states will rocket to the top of this list. Where’s New York? It’s a lost cause already.
Let Cap and Trade pass and the coal states will rocket to the top of this list. Where’s New York? It’s a lost cause already.
Huh! I’m surprised that Pa. isn’t on the list. Then things must be REALLY bad in those ten states!
What do they have in common? Lots of progressive government.
For the Lazy:
1. CA
2. AZ
3. RI
4. MI
5. OR
6. NJ
7. FL
8. NJ
9. IL
10. WI
God Bless Texas.
No state income tax, general business-friendly policies, reasonable property values ... the country would be better off if every state followed the example set by TX.
SnakeDoc
Why is NJ on the list twice?
Thanks, I could not get the link to work
any of those Red States?
Anyone else notice that they seem to blame these states financial instability on a lack of income tax?
Because the "Garden State" is really bad?
#10 Wisconsin
#9 Illinois
#8 New Jersey
#7 Florida
#6 Nevada
#5 Oregon
#4 Michigan
#3 Rhode Island
#2 Arizona (Budget gap: 41.10%)
#1 California (Budget gap: 49.30%)
None of them are impressive, but AZ and CA are insane even by liberal standards.
All voted for Zero in the last election.
Depends on what you mean by red I guess Florida has a republican governor but just like Minnesota they have a dfl legislature.
The report goes on to say all states except Montana and North Dakota have problems but those are the ones with the worse problems.
If the state gov’t could just figure out how to get more moeny from us, they could solve all our problems. /s
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