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.

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15 Comments on "Do you live in a Death Spiral state?"

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

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

Elrond Hubbard
Member
Elrond Hubbard
November 26, 2012 12:09 pm

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.

poppajoe49
Member
poppajoe49
November 26, 2012 10:02 pm

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.

operanerd1986
Member
operanerd1986
November 26, 2012 2:14 pm

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.

PsychoDad
Guest
November 26, 2012 12:31 pm

Invest in precious metals. Brass & lead.

Navyvet2
Guest
Navyvet2
November 26, 2012 10:44 am

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
Member
GhostntheMachine
November 26, 2012 4:32 pm

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

NodakSuz
Member
NodakSuz
November 26, 2012 10:42 am

“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. :-)

Dragonfish
Member
NodakSuz
Member
NodakSuz
November 26, 2012 1:56 pm

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
Member
Dragonfish
November 26, 2012 2:23 pm

Good points. Thanks for the information.

Jim Stewart
Member
Jim Stewart
November 26, 2012 11:24 am

And 30 below zero keeps the riff raff out.

poppajoe49
Member
poppajoe49
November 26, 2012 9:58 pm

And 30 below zero keeps the riff raff out.

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

PsychoDad
Guest
November 26, 2012 12:23 pm

LOL.

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

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

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