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Biblical doomsayers picket California’s beaches and popular public places to warn that the end of Earthly existence is near. Is this the end in California? Perhaps citizens would feel less pessimistic in another state such as top ranked Wyoming, Utah or Florida! Those three states all have a S&P financial rating of 1 (the best) and seem to be weathering the economic downtown a little better than us — we rank the worst run state ever!\u00a0 Oh well, enjoy the weather.\u00a0 It’s the finest in the world!<\/p>\n
When Standard & Poors state government credit ratings were compiled recently, the news for California was not so rosy.\u00a0 California has moved down one slot from last year to earn the title of the worst-run state in the country. California is the only state in the country to be rated A-, the lowest rating ever given to a state by Standard & Poors!<\/p>\n
California has the 2nd lowest percentage of adults with a high school diploma in the country. California has the 2nd highest foreclosure rate and is tied for the 2nd highest unemployment rate in the U.S.<\/p>\n
In the fiscal year 2009, California spent $430 billion, roughly 14% of all the money spent by the other 49 states combined in that year. Compared to its revenue, the state spent too much. California had the 10th lowest revenue per person, and spent the 15th most per person. In January 2011 the California total debt was at least $265 billion. The state of California’s real unfunded state pension liability is more than $500 billion, nearly eight times greater than officially reported.<\/p>\n
State State Credit Rank<\/strong><\/p>\n Here are some other rankings in California:<\/strong><\/p>\n Biblical doomsayers picket California’s beaches and popular public places to warn that the end of Earthly existence is near. Is this the end in California? Perhaps citizens would feel less pessimistic in another state such as top ranked Wyoming, Utah or Florida! Those three states all have a S&P financial rating of 1 (the best) […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[29],"tags":[],"_links":{"self":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/posts\/3929"}],"collection":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/comments?post=3929"}],"version-history":[{"count":0,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/posts\/3929\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/media?parent=3929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/categories?post=3929"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.seecalifornia.com\/traveltips\/wp-json\/wp\/v2\/tags?post=3929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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