Sunday, November 25, 2012

Number One Again

Forbes released a report today ( about 11 "Death Spiral" states. We are the best.

Forbes staffer William Baldwin said, "Two factors determine whether a state makes this elite list of fiscal hellholes. The first is whether it has more takers than makers. A taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector."

The article continued, "The second element in the death spiral list is a scorecard of state credit-worthiness done by Conning & Co., a money manager known for its measures of risk in insurance company portfolios. Its formula downgrades states for large debts, an uncompetitive business climate, weak home prices and bad trends in employment."

Mississippi was number two. We are in some elite company—California, New York and Illinois are among the eleven.

1 comment:

sr maldismo said...

This forbes piece ought to be required reading for the Legislature (and the media) as we go into the next session.