Quote:
Originally Posted by zimmy
First, why don't you look at state and local debt as a percent of gdp. It is much more telling than per person. Comparing debt per person ignores way too many factors and makes comparisons between states pretty much pointless.
Compare Revenue By State for 2012 - Charts
Also, CT's decades of Republican governors and democratic congress have more to do with CT's debt than a governor who was inaugurated in 2011. And I don't even like the guy, but come on. |
Zimmy, of course $1 million in debt means different things to a lemonade stand than it means to Microsoft...
Barron's recently ranked all states on their likelihood of defaulting on bonds. The state of CT had the highest likelihod of default. That tells me that Barron's isn't impressed by the ratio of debt to GDP.
State of the States - Barrons.com