This clever Financial Times graphic provides a clear and helpful breakdown of state budget gaps throughout America. Be warned: it does not look good, unless you happen to be one of these anarchist collapsitarians.
From Sea to Shining Sea …
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4 Responses to From Sea to Shining Sea …
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JE says:
Barney, it is nothing to crow about that Alaska’s budget surplus or deficit is determined mostly by the world price of oil – something that Alaskans have no control over.
The map shows a deficit for Alaska because at the time it was put together, world oil prices were low. If prices fall, Alaska will again be running a deficit.
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Barney Rebble says:
@JE – have a cup of coffee, take a deep breath.
I was pointing out liberals on a soapbox. If you can’t see them, you probably admire the emporer’s new clothes.
Focus on something more interesting. Here’s Jim Owens (Caterpiller CEO) on global economy, US economy, and defending Obama’s stimulus bill(s):
http://www.ft.com/cms/8a38c684-2a26-11dc-9208-000b5df10621.html
That clever graph shows which states are in trouble because of the effects on the current economy of the Obama-deception.
It does not, however, show which states are at emergency levels because of continuous mismanagement over the last several years.
And some of the graph is simply false. For example, the states, California and Alaska (under Palin, until last week) are painted the same color, when in fact Alaska has a SURPLUS.
Check it out (Liberal liars use statistics):
http://www.accessmylibrary.com/coms2/summary_0286-8145284_ITM