What follows below is an informative chart of the bond
ratings of the various 50 states from Standard and Poor’s over the period 2001
– 2012. We offer this information for three
reasons – one, informed Americans need to know and two, we doubt that you are
going to get this information from a Hollywood media news report, even though
we, at TheFundamentals, find this information of greater importance than news
flashes about gay marriage, health care websites and government bureaucrats
barricading public access to public owned facilities or propaganda pieces from
Axelrod. Here’s the chart:
Source: http://www.pewstates.org/projects/stateline/headlines/infographic-sp-state-credit-ratings-20012012-85899404785 (illustration comments from Pew)
There is a third reason why we offer this information – our
president comes from Illinois. He
garnered his political and governance education
in Illinois. Illinois is financially
insolvent – they are not able to pay their current bills without borrowing
money – meeting one of the key definitions of insolvency. Several influential democrat party political
powers are also from Illinois including senator Durbin, who has been a puppet
for the Illinois (including Chicago and Cook county) machine politicians who
have directed the Illinois bond rating collapse to the bottom of this
chart. It also is common knowledge that
several California politicians exert great influence over fiscal matters in
Washington DC. They occupy the bottom
rating of all 50 states.
These politicians do not concern themselves with bond
ratings. Obviously. So the question we pose is this – as Illinois
and California go, so goes the nation?
By the way, the hack politicians who ran Detroit into
bankruptcy ignored bond ratings also.
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