Wednesday, August 10, 2016

Who gets the fiscal stress during the downturn?

Says S&P::The 10 states deemed to be less fiscally resilient are California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania, Washington and Wisconsin. The ratings firm's assessment was based on the states' 2016-2017 budgets.

All the big states except Texas.  But Houston, Texas has a big pension problem with the police and firemen.

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