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Forbes: Bluest States Spilling The Most Red Ink | Rebuild Oregon
The five states in the worst financial conditionIllinois, New York, Connecticut, California and New Jerseyare all among the bluest of blue states. The five most fiscally fit states are more of a mix. ThreeUtah, Nebraska and Texasboast Republican majorities and twoNew Hampshire and Virginiaskew Democratic.
The financial ranking of the states is part of a recent Forbes report on the Global Debt Bomb. The political affiliation data was compiled in a 2009 poll of 350,000 adults by Gallup Daily.
Forbes metrics for each state included unfunded pension liabilities, changes in tax revenue, credit ratings, debt as a percentage of Gross State Product, debt per capita, growth expectations for employment and the state economy, net migrations and a moocher ratio that compares government employees, pension burdens and Medicaid enrollees to private-sector employment.
In Pictures: Bluest States Spilling The Most Red Ink
Why do Democratic states appear to be struggling more than Republican ones? It comes down to stronger unions and a larger appetite for public programs, according to Kent Redfield, professor emeritus of political studies and public affairs at the University of Illinois Center for State Policy and Leadership.
The five states in the worst financial conditionIllinois, New York, Connecticut, California and New Jerseyare all among the bluest of blue states. The five most fiscally fit states are more of a mix. ThreeUtah, Nebraska and Texasboast Republican majorities and twoNew Hampshire and Virginiaskew Democratic.
The financial ranking of the states is part of a recent Forbes report on the Global Debt Bomb. The political affiliation data was compiled in a 2009 poll of 350,000 adults by Gallup Daily.
Forbes metrics for each state included unfunded pension liabilities, changes in tax revenue, credit ratings, debt as a percentage of Gross State Product, debt per capita, growth expectations for employment and the state economy, net migrations and a moocher ratio that compares government employees, pension burdens and Medicaid enrollees to private-sector employment.
In Pictures: Bluest States Spilling The Most Red Ink
Why do Democratic states appear to be struggling more than Republican ones? It comes down to stronger unions and a larger appetite for public programs, according to Kent Redfield, professor emeritus of political studies and public affairs at the University of Illinois Center for State Policy and Leadership.