Kentucky Is WORST Run State In America. Wow, What A Surprise (I'm Winking)!
The Worst Run State in America? Not California
California's Governor Schwarzenegger can rest easy knowing his state isn't the worst run in the country-it comes in second.
Kentucky is worst run state in the nation. The best financially managed state? Wyoming. And which state has the highest percentage of people living below the poverty line? Arkansas.
These are just some of the findings from 24/7 Wall Street’s comprehensive study of states’ financial management. The rankings were based on a number of metrics including unemployment rate, debt per capita, home price change between 2006 and 2009 and median household income.
The study also found that Delaware (home to many financial services companies) has the best credit rating in the country. California has the worst credit rating (no shocker there.) And Texas is home to the lowest percentage of high school graduates over age 25. Meanwhile, South Carolina and Nevada see the most violent crime than any other state in the country. (Unfortunately for those folks in Nevada the state has one of the highest percentages of people without health insurance.)
24/7 Wall Street comes to this conclusion about its rankings: “Well-run states have a great deal in common with well-run corporations. Books are kept balanced. Investment is prudent. Debt is sustainable. Innovation is prized. Workers are well-chosen and well-trained. Executives are picked based on merit and not ‘politics.’”
Check out the list for a few surprises like California coming in as a runner-up for the worst run state in the country. Thanks to Kentucky’s overall terrible performance, Governor Schwarzenegger can sleep well knowing someone else is doing a worse job.
Kentucky’s troubles include having one of the lowest GDP per capita, it ranks 47th in median household income, and it’s ranked 49th for having one of the highest percentages (18.6%) of people below the poverty line. I wonder what the Tea Party’s favorite Kentucky candidate Rand Paul would say about this.
California's Governor Schwarzenegger can rest easy knowing his state isn't the worst run in the country-it comes in second.
Kentucky is worst run state in the nation. The best financially managed state? Wyoming. And which state has the highest percentage of people living below the poverty line? Arkansas.
These are just some of the findings from 24/7 Wall Street’s comprehensive study of states’ financial management. The rankings were based on a number of metrics including unemployment rate, debt per capita, home price change between 2006 and 2009 and median household income.
The study also found that Delaware (home to many financial services companies) has the best credit rating in the country. California has the worst credit rating (no shocker there.) And Texas is home to the lowest percentage of high school graduates over age 25. Meanwhile, South Carolina and Nevada see the most violent crime than any other state in the country. (Unfortunately for those folks in Nevada the state has one of the highest percentages of people without health insurance.)
24/7 Wall Street comes to this conclusion about its rankings: “Well-run states have a great deal in common with well-run corporations. Books are kept balanced. Investment is prudent. Debt is sustainable. Innovation is prized. Workers are well-chosen and well-trained. Executives are picked based on merit and not ‘politics.’”
Check out the list for a few surprises like California coming in as a runner-up for the worst run state in the country. Thanks to Kentucky’s overall terrible performance, Governor Schwarzenegger can sleep well knowing someone else is doing a worse job.
Kentucky’s troubles include having one of the lowest GDP per capita, it ranks 47th in median household income, and it’s ranked 49th for having one of the highest percentages (18.6%) of people below the poverty line. I wonder what the Tea Party’s favorite Kentucky candidate Rand Paul would say about this.
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posted by KYJurisDoctor at 8:03 AM
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