Tuesday, November 20, 2012

Credit Report: California Moves Up To 47

That's up 3 points from 49 (or would it have been 50?) according to this credit report (.pdf file) on the states by the Conning Municipal Credit Research Group. That's 47 out of 50, with 50 being the lowest rating. They take into account various things like employment, tax revenue and debt, among other things.

If you decide to look at the pdf report itself, the state listings begin on page 4. For those that don't want to go there, here's the top and bottom five rankings. The top five:

1. North Dakota
2. Wyoming
3.South Dakota
4. Nebraska
5. Texas

All five of those states were within one point of that ranking six months ago.

The bottom five:

46. Kentucky (down 8 points from 6 months ago)
47. California
48. New Jersey
49. Illinois
50. Rhode Island

They even have a list of the top five improving states and five most declining states. Check out the pdf file for those if interested.


At 9:18 AM, Anonymous Anonymous said...

"CALIFORNIA S&P Outlook revised to positive from stable 2/14/2012"

It's got to be chafing Republicans that Jerry Brown is more fiscally conservative than any Republican governor since Reagan.

At 9:27 AM, Anonymous Anonymous said...

"Henchman Of Justice" says,

Hey Fred,

taxing poorer people whom have assets is gonna create a "new wave of lien transactions" to steal real and personal property.

Remember the poster Joe Blow?

He understands the tax fraud by government, its lien processes to harrass, bully and steal, make homeless the victims while the wealthy gobble-up the de-leveraged assets during public tax lien sales for pennies on the dollar so that after the county has recorded the transaction, the property can be put up for immediate market sale for instant profit that was ........

fricken earned by the former poorer asset owner who got bamboozled by the government in losing their home to become homeless.

As an example, Wes Chesbro is involved as one of these m'fer's who created and manifested Cal-Fires "fire prevention fee" so that the wealthy were subsidized by the poorer paying more "per unit value".

If American's won't admit what was written above, then those Americans are frauds too and deserve a lashing! - HOJ

At 10:33 AM, Blogger Fred Mangels said...

It's got to be chafing Republicans that Jerry Brown is more fiscally conservative than any Republican governor since Reagan..

Jerry Brown is no fiscal conservative. What little he might have cut back he only cut back because he had to. In spite of that he still committed the state to spending billions of dollars for High Speed Rail which will be a drain on the state coffers even in a best case scenario.

At 11:26 AM, Anonymous Anonymous said...

Jerry Brown is the most fiscally conservative governor California has had since Reagan. If you don't view Brown as fiscally conservative, that says more about Schwarzenegger, Wilson and Deukmejian than it does about Brown.

At 11:32 AM, Blogger Fred Mangels said...

I don't believe you have any basis for saying that, especially since it would be hard to make a comparison between then and now. Especially since Brown had to make some cuts. He wouldn't have made those cuts if the budget hadn't forced him to.

At 2:50 PM, Anonymous Anonymous said...

HOJ is right. Government liens = state bondage plain and simple. I know more than one individual who would love to see another "bubble" expand on whatever the false premise is this time (Jerry is a conservative and will fix the state bubble?) Now wiser and older they will take the opportunity to escape Alcatraz(Kalifornica). Some are gong to die trying to escape.


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