Do you live in a Death Spiral state? No, it has nothing to do with the latest psycho-babble from Oprah… It’s a list of eleven states which are danger spots for investors: “They can look forward to a rising tax burden, deteriorating state finances and an exodus of employers.” So don’t buy a house or a municpal bond in any of them. At the top of the list: New Mexico! But California is not far behind.

{ 15 comments… read them below or add one }

I'm With STUPID November 26, 2012 at 10:17 am

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New Mexico, California, Maine, New York, Illinois, Hawaii, Ohio
Mississippi, Alabama, South Carolina, Kentucky,

These are also the states that have lost a lot of jobs.

http://www.bizjournals.com/bizjournals/on-numbers/scott-thomas/2012/07/nine-states-have-regained-all-jobs.html?page=all

NodakSuz November 26, 2012 at 10:42 am

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“Conning rates North Dakota the safest state to lend money to”

One bright spot in my day!! It might be cold here weather-wise, but the budget
surplus we have keeps us warmer. :-)

Jim Stewart November 26, 2012 at 11:24 am

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And 30 below zero keeps the riff raff out.

PsychoDad November 26, 2012 at 12:23 pm

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LOL.

poppajoe49 November 26, 2012 at 9:58 pm

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And 30 below zero keeps the riff raff out.

Why doesn’t that work for Colorado? They have a very high illegal population.

Dragonfish November 26, 2012 at 11:37 am
NodakSuz November 26, 2012 at 1:56 pm

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North Dakota, also, has the only state-owned mill and elevator in the country which adds to the state funds. According to Wikipedia it is the largest flour mill in the United States. The bread and pancake mixes they produce are very good.

https://www.ndmill.com/history.cfm

Dragonfish November 26, 2012 at 2:23 pm

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Good points. Thanks for the information.

Navyvet2 November 26, 2012 at 10:44 am

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Yikes, New Mexico is worse off than Commufornia?? It will be interesting to watch the these swirl down the toilet in the next year or two. Unfortunately, the Feds (you and me) will bail them out. I strongly believe that when the Federal gooberment steps in to pour no end of money into these lost causes, we few who are paying taxes should demand the right to vote in those states elections, at least in the state positions. Taxation without representation! Common in the USSA.

GhostntheMachine November 26, 2012 at 4:32 pm

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Speaking of Kali

“As of 2010, the state relied upon 144,000 households, 1 percent of taxpayers, for 50 percent of total state income tax. If Proposition 30 passes, the top 10 percent of earners would be responsible for over 80% of the projected income generated…”

http://m.atr.org/article.php?id=7222

Elrond Hubbard November 26, 2012 at 12:09 pm

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I don’t live in a death spiral state, I live in Wisconsin, which is next to one: Illinois. Illinois is hopeless, it’s corrupt, deep in debt, run by rotten public employee unions and misgoverned by Democrats. When it finally implodes there’s going to be a lot of Flat Landers moving into to my well-run state to try turning it into another Illinois.

I’m keeping my powder dry.

PsychoDad November 26, 2012 at 12:31 pm

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Invest in precious metals. Brass & lead.

operanerd1986 November 26, 2012 at 2:14 pm

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As a lifelong resident of the California of the Midwest, I can offer some reassurance that the only reason the state is so reliably Democratic is because of Chicago. The rest of the state is conservative. Even in the Chicago suburbs, DuPage County is very conservative. Sadly, Chicago gets to control the state’s politics because it has most of the state’s population.

poppajoe49 November 26, 2012 at 10:02 pm

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Speaking of unions, I was at the VA Hospital in Tampa today for a follow up appointment. As I was leaving, I noticed on the employee bulletin board that there was a flyer for a union. They were actually campaigning for the employees to join the union, ON GOVERNMENT PROPERTY!!
Now, considering that the majority of the employees there are minorities, I wold say it’s highly likely that the union has a high percentage of participation.

I'm With STUPID November 26, 2012 at 12:46 pm

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By my calculations, Sesame Street’s unemployment rate is over 70%. The numbers may be higher, cause most residents stopped looking for work.