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Forbes Puts Out a List of States That Are in “Death Spirals” Financially

Home - by - November 26, 2012 - 11:17 America/New_York - 8 Comments

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» 8 Comments

  1. CrustyB

    November 26th, 2012

    Taker/maker ratio? More like a master/slave ratio.

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  2. Mountain Dog

    November 26th, 2012

    I don’t live in any of those states and I still feel like I in a big economic death spiral. Maybe it is just the big socialist toilet flushing America down the tubes that I feel.

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  3. Jethro

    November 26th, 2012

    I believe their metric is flawed. They don’t consider all the “private” corporations that suck on the teet of the government. If that was considered, the state I live in (Maryland) would have a ratio of over 2. There are very few people employed in this state that don’t, somehow, ultimately, work for the gub’mint.

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  4. Brainster

    November 26th, 2012

    I’m actually surprised that Illinois is only ninth on that list; their pension funds are woefully underfunded and the state persistently refuses to even balance its current spending. Good article here:

    http://www.bloomberg.com/news/2012-04-09/illinois-is-pension-basket-case-you-forgot-about.html

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  5. RickeyG

    November 26th, 2012

    Wish they had included the rankings for all states…good to know which states might be safe to move to.

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  6. Claudia

    November 26th, 2012

    MN will be on that list soon. All Ds now in power. Just wait. Sigh.

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  7. Aunt Liz

    November 26th, 2012

    Not happy to see Ohio on the list.

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  8. Tim

    November 26th, 2012

    Have to agree with Jethro. Forbes is obviously sugarcoating the study. I escaped from MD 4 years ago and everyone seemed to be connected to Federal, State, or local government, one way or another. Same with Northern Virginia. Some of the guys in our shop lived in West Virginia and Pennsylvania.

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