{"id":9167,"date":"2012-12-07T05:28:50","date_gmt":"2012-12-07T05:28:50","guid":{"rendered":"https:\/\/maverickphilosopher.blog\/index.php\/2012\/12\/07\/death-spiral-states\/"},"modified":"2012-12-07T05:28:50","modified_gmt":"2012-12-07T05:28:50","slug":"death-spiral-states","status":"publish","type":"post","link":"https:\/\/maverickphilosopher.blog\/index.php\/2012\/12\/07\/death-spiral-states\/","title":{"rendered":"Death Spiral States"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: georgia,palatino;\">Do you live in a death spiral state?&#0160; Buying real estate or municipal bonds in such a state may prove to be a foolish move.&#0160;<a href=\"http:\/\/www.forbes.com\/sites\/baldwin\/2012\/11\/25\/do-you-live-in-a-death-spiral-state\/\" target=\"_self\"> Here<\/a> is a list with each state&#39;s &#39;taker ratio&#39;:&#0160; <\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: georgia,palatino;\">Ohio 1.0<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">Hawaii 1.02<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">Illinois 1.03<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">Kentucky 1.05<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">South Carolina 1.06<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">New York 1.07<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">Maine 1.07<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">Alabama 1.10<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">California 1.39<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">Mississippi 1.49<\/span><\/li>\n<li><span style=\"font-family: georgia,palatino;\">New Mexico 1.53<\/span><\/li>\n<\/ul>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia,palatino;\">Two factors determine whether a state makes this elite list of fiscal hellholes. The first is whether it has more takers than makers. A taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia,palatino;\">[. . .]<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia,palatino;\">The second element in the death spiral list is a scorecard of state credit-worthiness done by Conning &amp; Co., a money manager known for its measures of risk in insurance company portfolios. <a href=\"http:\/\/conning.com\/aboutconning\/whitepapers.aspx?id=7459\">Conning\u2019s analysis <\/a>focuses more on dollars than body counts. Its formula downgrades states for large debts, an uncompetitive business climate, weak home prices and bad trends in employment.<\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia,palatino;\">Given &#0160;California&#39;s death spiral, why stay there?&#0160; Victor Davis Hanson <a href=\"http:\/\/www.city-journal.org\/2012\/22_4_california.html\" target=\"_self\">supplies some reasons<\/a>.&#0160; And I hope you Californians do stay there.&#0160; Don&#39;t come to Arizona!&#0160; You wouldn&#39;t like it here anyway.&#0160; Too hot, too self-reliant, too &#39;racist&#39; and &#39;xenophobic,&#39; and every other citizen and non-citizen is packin&#39; heat.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you live in a death spiral state?&#0160; Buying real estate or municipal bonds in such a state may prove to be a foolish move.&#0160; Here is a list with each state&#39;s &#39;taker ratio&#39;:&#0160; Ohio 1.0 Hawaii 1.02 Illinois 1.03 Kentucky 1.05 South Carolina 1.06 New York 1.07 Maine 1.07 Alabama 1.10 California 1.39 Mississippi &hellip; <a href=\"https:\/\/maverickphilosopher.blog\/index.php\/2012\/12\/07\/death-spiral-states\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Death Spiral States&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131,31,409,216],"tags":[],"class_list":["post-9167","post","type-post","status-publish","format-standard","hentry","category-arizona","category-california","category-demographics","category-money-matters"],"_links":{"self":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/9167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/comments?post=9167"}],"version-history":[{"count":0,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/9167\/revisions"}],"wp:attachment":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/media?parent=9167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/categories?post=9167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/tags?post=9167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}