The featured photo is the Wisconsin State Capitol, and it’s because Wisconsin Governor Scott Walker has shown great leadership in governing Wisconsin. Below is a link to a State Debt Report that is published annually in January by State Budget Solutions. There are also graphics that show the states in the best shape and the states in the worst shape. Every state has unfunded pension liability as the largest component of its debt, and this is the one component that Gov. Walker successfully passed laws to remedy in Wisconsin. The common factors each of the best of the best states share is that they each have a strong Republican Governor, they restrain the state debt to under $10,000 dollars per capita, and they restrain the debt as a percentage of the Gross State Product to 18% or less. This can work in any state. Substitute Gross National Product and it works for our federal government. The solution is not hard. The hard part is finding a leader with courage instead of the politicians who promise what they can’t provide because it’s politically expedient.
Unemployment Rates for States