New Study Shows Ten States Face Fiscal Crisis | WHAT REALLY HAPPENED


New Study Shows Ten States Face Fiscal Crisis

California is worst off, but hardly alone. Others include Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin.

The 10 worst off states are examined, but close behind are Colorado, Georgia, Kentucky, New York and Hawaii. Only two, Montana and North Dakota, are fiscally solvent and expect to meet their 2010 budgets, the latter because it alone has what the others don't - its own bank able to create credit for state businesses and residents at an affordable cost. As a result, with the lowest unemployment rate in the country at 4%, it's created jobs at a time they're vanishing in the other 49 and the District of Columbia.

Webmaster's Commentary: 

North Dakota has really played it smart in terms of having its own state bank for the creation of credit; this has obviously made a tremendous difference for its economy.

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