The states with the biggest debt problems are run by liberals and
Democrats. Whoda thunk ??
==========================================
http://www.economicpolicyjournal.com/2010/06/rating-cut-by-fitch-on- wealthiest-us.html
Saturday, June 5, 2010
Rating Cut by Fitch on Wealthiest U.S. State
Connecticut is preparing to borrow $956 million to close a budget gap in
the fiscal year beginning July 1, after borrowing money last year to
cover a deficit of $947.6 million. Not good. Fitch has reduced the
states credit rating from AA+ to AA.
ôThe downgrade reflects the stateÆs reduced financial flexibility,
illustrated by its reliance on sizable debt issuances during the current biennium to close operating gaps in the context of already high
liabilities,ö Fitch said.
Connecticut is the wealthiest state on a per capita basis with personal
income of $54,397 in 2009, according to Department of Commerce.
Posted by Robert Wenzel at 1:03 PM
CMPQwk 1.42-21 9999
Progressive taxation is economic slavery for those who succeed .....
--- PCBoard (R) v15.3/M 10
* Origin: (1:226/600)