Connecticut Ranked As State With Worst Fiscal Status – Second Only To Puerto Ric

[Ptarmigan]

Connecticut Ranked As State With Worst Fiscal Status – Second Only To Puerto Rico
http://www.breitbart.com/big-government/2016/06/03/connecticut-ranked-state-worst-fiscal-status-second-puerto-rico/

A new study from George Mason University’s Mercatus Center finds that Connecticut ranks as the state in the worst fiscal condition – second only to Puerto Rico, which has amassed $70 billion in debt due to out-of-control government spending coupled with interference from Washington, D.C.

Connecticut – led by a Democrat legislature and governor and represented by an entirely Democrat congressional delegation – ranks as dead last among the states, owing largely to its massive debt obligations and unfunded liabilities.

According to Mercatus, Connecticut’s fiscal state is “poor across all categories,” which cover cash, budget, long-term, citizen service-level, and trust fund solvency.

The state with the worst fiscal status is Connecticut. No surprise from a leftist Hell hole.

“The Mercatus study shows that Connecticut is not prepared to weather a shock to its finances – whether the shock comes from a recession, another surge in outmigration, or from corporate inversion,” Bates writes. “Connecticut is unprepared because it is plagued by debt – both bonded debt and huge pension and retiree health care liabilities. It is one of only four states that do not have enough assets to cover their liabilities.”

“Connecticut has also almost completely depleted its rainy day fund, which is even more true after lawmakers chose to raid the fund to close the $260 million deficit for FY 2016, which will end June 30,” she adds.

Under Gov. Dannel Malloy (D-WFP), the state has seen massive tax increases and exits by swarms of businesses. In 2014, a Gallup poll found that about half of the residents of Connecticut polled said that, if given the chance, they would move out of the state.

[Ptarmigan]

The Increasingly Unequal States of America
http://www.epi.org/publication/unequal-states/

Connecticut has the most inequalities in America.

1   Connecticut   72.6%   414.6%   29.5%   63.9%
 2   Massachusetts   82.1%   366.0%   51.7%   43.1%
 3   New York   60.5%   355.1%   22.2%   67.6%
 4   Wyoming   31.5%   354.3%   -0.8%   102.3%
 5   New Jersey   62.6%   264.7%   41.3%   40.3%
 6   Washington   31.2%   222.3%   13.9%   59.1%
 7   Florida   38.8%   218.8%   13.8%   68.9%
 8   Vermont   42.4%   217.0%   27.8%   39.5%
 9   South Dakota   44.8%   216.0%   30.5%   37.2%
10   New Hampshire   53.2%   215.9%   37.6%   35.5%

The top 10 states and most are in the Northeast.

[SVPete]

I'm shocked by CA's position, not among the bottom 5. Tech and Ag must be too strong for that, for now. Tech companies are showing signs of moving some of their marketing and engineering away from Silicon Valley and CA (most of their manufacturing was moved out in the 70s and 80s).