Half of the red states in that list are also among the lowest cost of living in the country. Huh. But they didn't take that into account of course.
https://www.cnbc.com/2018/06/28/amer...e-in-2018.html
Regardless, a states fiscal responsibility has little to nothing to do with median income.
https://www.investors.com/politics/c...c-study-finds/
Quote:
According to the latest ranking of states by the Mercatus Center at George Mason University, the most fiscally sound states in the nation are all low-tax, GOP strongholds, while the 10 least-solvent states are almost all high-tax and heavily Democratic.
The rankings in the fourth-annual "Ranking of the States by Fiscal Condition" report, which was released this morning, are based on a review of audited financial statements for 2015 covering five measures that gauge the states' ability to pay bills, avoid budget deficits, and meet long-term spending needs and cover pension liabilities.
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California, Illinois, New York, Massachusetts, and new jersey make up over half the countries debt. Wonder what they have in common
be interesting to see what will happen when their residents are told the pensions they paid into are just not there. With not much of anything to show for it either.
I guess they'll just try and make up for it by doing what they do best. Hiking taxes to ever more ridiculous levels.