7 Jul 2015

Map Ranks All 50 States by Economic Strength – The Results May Surprise You!

In new research for the Mercatus Center at George Mason University, Senior Research Fellow Eileen Norcross ranks each US state’s financial health based on short- and long-term debt and other key fiscal obligations, including unfunded pensions and health care benefits. …
With new spending commitments for Medicaid and growing long-term obligations for pensions and health care benefits, states must be ever vigilant to consider both the short- and long-term consequences of policy decisions. Understanding how each state is performing in regard to a vari­ety of fiscal indicators can help state policymakers as they make these decisions.

A closer analysis of the individual metrics behind the ranking shows how each state’s fiscal condi­tion should be assessed. Notably, nearly all states have unfunded pension liabilities that are large relative to state personal income, indicating that all states need to take a closer look at their unfunded pensions, which represent a significant portion of each state’s economy. Another finan­cial crisis could mean serious trouble for many states that are otherwise fiscally stable.
map
[…]
Top Five States
Alaska, North Dakota, South Dakota, Nebraska, and Florida rank in the top five states.
While these states are considered fiscally healthy relative to other states because they have sig­nifi­cant amounts of cash on hand and relatively low short-term debt obligations, each state faces sub­stantial long-term challenges concerning its pension and health care benefits systems.

Bottom Five States
Illinois, New Jersey, Massachusetts, Connecticut, and New York rank in the bottom five states, largely owing to low amounts of cash on hand and large debt obligations.
High deficits and debt obligations in the forms of unfunded pensions and health care benefits con­tinue to drive each state into fiscal peril. Each holds tens, if not hundreds, of billions of dol­lars in unfunded liabilities—constituting a significant risk to taxpayers in both the short and the long term.
CONCLUSION
How financially healthy is your state? Most states are nearly back to normal since the Great Reces­sion, although there are troubling signs that many states are still ignoring the risks on their books, mainly in underfunded pensions and health care benefits. Even states that appear to be fiscally robust—perhaps owing to large amounts of cash on hand or revenue streams from natural resources—must take stock of their long-term fiscal health before making future public policy decisions.
[…]
Where does YOUR state rank?

6 comments:

  1. All the states at the low end need to do is legalize marijuana and they will fill their coffers.

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  2. why does the stupid bastard who made the chart have to use four different shades of green that are barely discernible? is he trying to convey information or is this some kind of fashion statement?

    Red, green, blue, orange, yellow, pink, brown, grey; there are a whole bunch of colors to choose from that actually contrast each other and allow the chart to be easily readable, but this one had to be pretty instead of useful. Stop making charts and go back to interior decorating, faggot.

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  3. Vary noticeable is the correlation between liberal politics and fiscal fragility. People who think the sugar plum fairy will give them everything end up finding out the hard way about TANSTAAFL (there ain't no such thing as a free lunch). Also, Alaska is easy to explain by their oil revenue, but the #2, North Dakota, also has the nation's only state-owned bank.

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  4. They will also thrill their cough-ers.

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  5. USA 352 million population, 92 million employed, 52 million on disability, 32 million in public offices, 13 million incarcerated or mentally ill.


    12 million Americans have left the country, 8 million live in Europe, 1.1 million in Mexico and the rest in other countries with freedom.


    Older people have to leave the country for the Third World because they can't afford to live in the wonderful USA or better JewSA.

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  6. Glaringly obvious that the states at the bottom are all Democrat controlled welfare states.

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