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 ...
“I am sure others can add to my list of why no one should consider moving to Texas.”
Oh, yes. I had the misfortune of travelling there years ago. I was like stepping back in time.
Texas is just a hive of uneducated gun-toting rednecks who eat burgers topped with double gravy rations. They even have drive thrus for truckers.
That’s not to mention the size of their critters especially the rattlesnakes and razorbacks. Texas is just awful I must say. Whatever you do, don’t make the mistake I did. Nosiree. There’s no place like home.
Alaska
New Hampshire
Tennessee
Florida
S. Dakota
Washington
Nevada
Texas
Wyoming
I only see Florida on both lists?
Texas is on that list? Are you kidding?
In the article, it shows the primary or secondary reason for trouble in Florida and Nevada as being a lack of income tax. Then, in the next 2 slides it says Oregon’s income tax is useless because of unemployment and it recommends Michigan not raise income taxes, because it wont help.
The people who wrote this are either hypocrites or they dont pay attention. 2 states are on the verge of collapse because they dont have an income tax, while the next 2 states income tax is killing the economy.
Mine is of the 9 states without an income tax. (is that correct about Texas?)
Ah, gotcha, sorry for not reading the article.
Wonder how they would classify states such as NH, which have neither an income nor a sales tax?
Think there are too many variables to crank it down to a simple solution/cause.
Texas doesn’t have an income tax. That’s correct.
IF thats the case, theyd probably classify as poor government engineering that doesnt bring in enough revenue, but Id classify it as one of the last free states around.
Im sure they would find some way to blame it on something that is a minor fiscal problem, the same way our pres wants to “freeze” spending in domestic agencies the year after he spends around 3 trillion in handouts.
Every thing is smoke and mirrors anymore.
Btw, I was talking about the article writer being hypocrites, just to make it clear.
Only if you're a conservative, legal American.
Otherwise, it's just peachy.
It was clear, nicely done.
Thanks for adding to the list of reasons not to move to Texas.
You reminded me about the food. That TexMex stuff will eat your intestines. Chicken fried steaks the size of a Frisbee with biscuits and a quart of cream gravy are an invitation to early death and obesity. There are just too many others to mention but, trust me, you don’t want any!
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