• HOME :
  • NEWS :
  • FOUR STATES THAT WILL FOUNDER WHEN THE NEXT RECESSION HITS

Four states that will founder when the next recession hits

SEPTEMBER 27, 2018 | by Orphe Divounguy | THE FISCAL TIMES

“… Why? Heavy debt loads, inability to balance budgets and high borrowing costs, to name a few major problems. These states have struggled to pass balanced budgets even when the economy is doing well. Recent research from the Pew Charitable Trusts shows that New Jersey and Illinois have both failed to pass a balanced budget for each of the past 15 years, while Connecticut has failed to do so in 11 of the past 15 years.”

NEWS

Create your own charts

VIEW LESS