Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
California
Related: About this forumCalifornia the worst run state?
Friend posted this on facebook, 24/7 Wall Street's "5 best run and worst run states", California being number 1:
California is 24/7 Wall St.'s Worst Run State for the second year in a row. Due to high levels of debt, the state's S&P credit rating is the worst of all states, while its Moody's credit rating is the second-worst. Much of California's fiscal trouble can be traced to the recent recession. Home prices plunged by 33.6% between 2006 and 2011, worse than all states except for three. The state's foreclosure rate and unemployment rate were the third- and second-highest in the country, respectively. But efforts to get finances on track are moving forward. State voters passed a ballot initiative to raise sales taxes as well as income taxes for people who make at least $250,000 a year. While median income is the 10th-highest in the country, the state also has one of the highest tax burdens on income. According to the Tax Foundation, the state also has the third-worst business tax climate in the country.
The site considers the best-run states to be (following isn't in their order) Iowa, Wyoming, Nebraska, Utah, and North Dakota. The site also ranked the top 3 worst states as: California, Rhode Island, and Illinois, two states with (D) governors and another (RI) with an independent governor and Democratic-majority legislatures. Following were Arizona and New Jersey, both with Republican governors. Arizona has Republican-controlled legislature, New Jersey (D) legislature.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1831 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
California the worst run state? (Original Post)
alp227
Nov 2012
OP
mike_c
(36,281 posts)1. yeah, California sucks....
Ya'll should not move here. Please.
Ernesto
(5,077 posts)2. works for me!..............nt
demosincebirth
(12,541 posts)3. the top five no more that 100,000 people