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7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!

 
Anonymous Coward
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02/08/2010 11:49 PM
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7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
[link to finance.yahoo.com]


7 U.S. States That Are Worse Off Than Greece, Portgal, Ireland, and Spain
Feb 05, 2010 04:15pm EST by Gregor MacDonald in Investing, Recession, Banking
Related: dia, spy, tlt, gld, xlv, tbt
From The Business Insider, Feb. 5, 2010:

(This post appeared originally on the author's blog, Gregor.us.)

The inevitable coming of the sovereign debt panic finally engulfed Europe this week as the derisively (or perhaps affectionately) named PIGS spilled their slop on the continent. But Portugal, Ireland, Greece, and Spain are hardly worthy of so much attention. In truth, they are little more than the currently favored proxies among the leveraged speculator community (cough) for the larger problem of all sovereign debt. Indeed, the credit default swaps on these smaller European satellite states were not alone this week in making large moves higher. UK sovereign risk rose strongly, and so did US sovereign risk. With a downgrade warning from Moody’s to boot.

Notable among three of the PIGS are their relatively small populations, and small contributions to either world or European GDP. While Spain has a population over 45 million, Portugal and Greece have populations roughly equal to a US state, such as Ohio–at around 10 million. And Ireland? The Emerald Isle has a population similar to Kentucky, at around 4 million. While the PIGS are without question a problem for Europe, whatever problems they present for Brussels are easily matched by the looming headache for Washington that’s coming from large, US states such as California, Florida, Illinois, Ohio, and Michigan.

I’ve identified seven large US states by four criteria that are sure to cause trouble for Washington’s political class at least for the next 3 years, through the 2012 elections...
Anonymous Coward
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02/08/2010 11:55 PM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
The seven states to make my list are California, Florida, Illinois, Ohio, Michigan, North Carolina, and New Jersey. Each has a population above 8 million people. Each has had to borrow more than a billion dollars, so far, to pay claims out of their now bankrupt unemployment insurance fund. Also, each state currently registers broad, underemployment above 15% as indicated by the U-6 measure for the States. And finally, each state is a large net importer of either oil, natural gas, electricity, or all three of these energy sources.


Bonus question: What do these states all have in common???
ADEND

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02/09/2010 12:05 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
Blue
Anonymous Coward
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02/09/2010 12:07 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
Screw them thieving banksters and money men. Its just paper plastic or metal all worthless other than what you have been pre programmed to believe.


"Golden Ruled " Slaves every single person the planet over NO EXCEPTIONS!
ANAGRAMMIST
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02/09/2010 03:40 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
hahah
P.I.G.S.
i like it

portugal
ireland
greece
spain = pigs
hahahah
let's see what other anagrams we can make using the initials of US states
hahahha
ANAGRAMMIST
User ID: 886275
Australia
02/09/2010 03:43 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
hahah
P.I.G.S.
i like it

portugal
ireland
greece
spain = pigs
hahahah
let's see what other anagrams we can make using the initials of US states
hahahha
 Quoting: ANAGRAMMIST 886275
Anonymous Coward
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02/09/2010 03:44 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
Arkansas has a state law that it's budget has to be balanced. This should be a state law in every state and a federal law as well.
Anonymous Coward
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02/09/2010 08:12 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
Blue
 Quoting: ADEND

DING DING DING DING DING!!!
Anonymous Coward
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02/09/2010 08:20 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
M.I.L.F
Anonymous Coward
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02/09/2010 08:39 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
Arkansas has a state law that it's budget has to be balanced. This should be a state law in every state and a federal law as well.
 Quoting: Anonymous Coward 886221

Actually it IS the law in 49 of the 50 states. Vermont -I believe- is the one exception
Anonymous Coward
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02/09/2010 08:49 AM
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Re: 7 U.S STATES THAT ARE WORSE OFF THAN GREECE , PORTGAL, IRELAND AND SPAIN !!!!
A Huge immigrant population feeding off th esystem

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