The states with the biggest debt problems are run by liberals and 
Democrats.  Whoda thunk ??

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http://www.economicpolicyjournal.com/2010/06/rating-cut-by-fitch-on-
wealthiest-us.html

Saturday, June 5, 2010
Rating Cut by Fitch on Wealthiest U.S. State 

Connecticut is preparing to borrow $956 million to close a budget gap in 
the fiscal year beginning July 1, after borrowing money last year to 
cover a deficit of $947.6 million. Not good. Fitch has reduced the 
states credit rating from AA+ to AA.

“The downgrade reflects the state’s reduced financial flexibility, 
illustrated by its reliance on sizable debt issuances during the current 
biennium to close operating gaps in the context of already high 
liabilities,” Fitch said.

Connecticut is the wealthiest state on a per capita basis with personal 
income of $54,397 in 2009, according to Department of Commerce. 
Posted by Robert Wenzel at 1:03 PM  

CMPQwk 1.42-21 9999 
Progressive taxation is economic slavery for those who succeed .....

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