Top Ten Poorest States are all Republican

[FayeforCure]

Are Republican policies keeping them poor?

Why do these states also have the highest divorce rates, the highest abortion rates and yet they are the most religious?

Why do they care so little about the general welfare of their population?

1. Mississippi
   Without health insurance: 18.7% (8th highest in the nation)
2. Arkansas
   Without health insurance: 18.5% (9th highest in the nation
3. Tennessee
   Without health insurance: 14.7% (20th highest in the nation)
4. West Virginia
    Without health insurance: 13.9% (25th highest)
5.  Louisiana
   Without health insurance 18% (11th highest)
6.  Montana
  Without health insurance: 16.3% (16th highest)
7. South Carolina
  Without health insurance: 17.6% (12th highest)
8. Kentucky
  Without health insurance: 15.5% (18th highest)
9. Alabama
  Without health insurance: 14.4% (21st highest)
10. North Carolina
  Without health insurance: 16.7% (13th highest)

About half of all insured have junk insurance: insurance that is quite useless except they don't know it until they get sick...........they are still at risk for bankruptsy as healthcare costs are the #1 reason for all bankruptsies in the US.


http://www.huffingtonpost.com/2011/09/15/americas-poorest-states-_n_964058.html#s362459&title=1_Mississippi

[Garden guy]

That's the way the Republican leaders like their constituants...uneducated,,brainwashed and dying...things are working out great don't you think?

[johnnyman]

Guess what top ten states are most likely to default and go bankrupt?  Go ahead , guess.  LOL.

[finehoe]

As long as the government isn't making them get gay married or abort their babies, then its all good.

[ChriswUfGator]

Guess what top ten states are most likely to default and go bankrupt?  Go ahead , guess.  LOL.

Not to let the facts get in the way of making up your mind or anything, but the majority of those are Republican too...



So let's go down the list;

State: Controlling Party Affiliation:
Illinois:           Democrat
California:       Democrat
Michigan:         Republican
New Jersey:     Republican
New York:        Democrat
Nevada:           Republican
Florida:            Republican
Connecticut:     Democrat
Massachusetts: Democrat
Ohio:                Republican
Wisconsin:        Republican
Pennsylvania:    Republican
Texas:              Republican
Maryland:          Democrat
Virginia:            Republican
Delaware:          Democrat

So, you'll note, more than half of the states the market (the best indicator) judges to have the highest default risk are Republican-controlled. Which I find funny, since this is allegedly the party of fiscal conservatism.

[manasia]

Guess what top ten states are most likely to default and go bankrupt?  Go ahead , guess.  LOL.

Not to let the facts get in the way of making up your mind or anything, but the majority of those are Republican too...



So let's go down the list;

State: Controlling Party Affiliation:
Illinois:           Democrat
California:       Democrat
Michigan:         Republican
New Jersey:     Republican
New York:        Democrat
Nevada:           Republican
Florida:            Republican
Connecticut:     Democrat
Massachusetts: Democrat
Ohio:                Republican
Wisconsin:        Republican
Pennsylvania:    Republican
Texas:              Republican
Maryland:          Democrat
Virginia:            Republican
Delaware:          Democrat

So, you'll note, more than half of the states the market (the best indicator) judges to have the highest default risk are Republican-controlled. Which I find funny, since this is allegedly the party of fiscal conservatism.

They are only fiscally conservative when it comes to charity, and their own funds, not tax payers in my opinion.

All of this data is interesting.

[johnnyman]

Debt to GDP Ratio:

Worst:
Rhode Island 19.9% Debt/GDP  Blue
Connecticut 12.49%  Blue
Mass 20.43%     Blue
Illinois 9.04%   Blue
Hawaii 10.36%  Blue
NJ  11.78%    Blue
New Hamp 14.16%   Blue


Least Worst,,lol Debt to GDP ratio

Nebraska 2.91%  Red
Ga     3.4%   Red
TX     2.66%  Red
NC   5%  Red
ND   5.5% Red
TN   1.98% Red
Az  4.81%  Red

[tufsu1]

ok....but the top 5 on Chris's list are traditionally Democratic states...as are CT, MA, MD, and DE

oh, and the current Governors of WV and NC (from Faye's list) are Democrats

[ChriswUfGator]

Debt to GDP Ratio:

Worst:
Rhode Island 19.9% Debt/GDP  Blue
Connecticut 12.49%  Blue
Mass 20.43%     Blue
Illinois 9.04%   Blue
Hawaii 10.36%  Blue
NJ  11.78%    Blue
New Hamp 14.16%   Blue


Least Worst,,lol Debt to GDP ratio

Nebraska 2.91%  Red
Ga     3.4%   Red
TX     2.66%  Red
NC   5%  Red
ND   5.5% Red
TN   1.98% Red
Az  4.81%  Red

FWIW, that's a meaningless statistic, because even the highest figure on the list, which is Massachusetts' 20%, is still pretty normal and easily managed. As a point of comparison, the federal debt is projected to grow to 90% of GDP, which is why it is becoming a problem. The difference between the Republican and Democrat states is largely that the Republican-controlled states do not offer the same terms with regard to government employee pensions, benefits, and nor are their healthcare programs generally equivalent, nor welfare or other social programs. These programs account for a large portion of total state debt, and since Republican controlled states are less likely to offer them, naturally they have less debt. It's kind of like saying "the sky is blue" it's a "duh!" kind of comparison, and of course, has nothing to do with your original claim that the states with the highest default risk are democrat-controlled. Most of them are actually Republican, as I showed above. The figures you just posted don't address that, and are really another debate entirely. In which I would argue that money spent on healthcare and pensions is money well spent. But of course, that a completely different subject isn't it?

[ChriswUfGator]

ok....but the top 5 on Chris's list are traditionally Democratic states...as are CT, MA, MD, and DE

oh, and the current Governors of WV and NC (from Faye's list) are Democrats

Tufsu, your ship sunk before it left the dock, unless you can explain why Texas has one of the highest risks of default? lol

Care to tell me when was the last time Texas was controlled by the Democrats?

And Ohio and Nevada? Care to explain those?

[johnnyman]

ok....but the top 5 on Chris's list are traditionally Democratic states...as are CT, MA, MD, and DE

oh, and the current Governors of WV and NC (from Faye's list) are Democrats

Tufsu, your ship sunk before it left the dock, unless you can explain why Texas has one of the highest risks of default? lol

Care to tell me when was the last time Texas was controlled by the Democrats?

TX has a 2.66% Debt/GDP ratio.  just fyi.  Most economist would argue its one of the least likely to default.  At least that's what I am reading from various souces.  What do I know.

[manasia]

ok....but the top 5 on Chris's list are traditionally Democratic states...as are CT, MA, MD, and DE

oh, and the current Governors of WV and NC (from Faye's list) are Democrats

Tufsu1 Controlling and Traditional are two different words IJS. What does that have to do with anything, if they are no longer in power?

That is like saying, we have had a zero murder rate for the last 30 years, but we had one murder 31 years ago. Does the one murder 31 years ago negate the entire 30 years of progress? Absolutely not.

So therefore, the old party cannot make decisions for the incumbent party, especially when they are out of power.

[ChriswUfGator]

ok....but the top 5 on Chris's list are traditionally Democratic states...as are CT, MA, MD, and DE

oh, and the current Governors of WV and NC (from Faye's list) are Democrats

Tufsu, your ship sunk before it left the dock, unless you can explain why Texas has one of the highest risks of default? lol

Care to tell me when was the last time Texas was controlled by the Democrats?

TX has a 2.66% Debt/GDP ratio.  just fyi.  Most economist would argue its one of the least likely to default.  At least that's what I am reading from various souces.  What do I know.

The economists can argue whatever they want, the chart I posted is the actual cost of insuring debt issued by those states against default. Economists spend careers looking into magic 8 balls to predict what the markets will do. In this case, the question has already been answered, since this is what the market has done. That's the actual cost of CDSs on the debt of the listed states. Historically, the market is the best predictor of actual risk. Game over.

[johnnyman]

I think my point to posting this data was :  What a dumb thread thread with a dumb premise to begin with. 

[manasia]

I think my point to posting this data was :  What a dumb thread thread with a dumb premise to begin with.

http://www.usgovernmentspending.com/state_summary.php?chart=Z0&year=2011&units=p&rank=D

Texas has a debt percentage of 17% that is pretty high.