Are You Living in a “Death Spiral” State

California Economy

Fox News Host – Megyn Kelly

Originally Published by:  Fox News Insider

 

A writer at Forbes Magazine has identified a phenomenon called the “death spiral states.” Sounds intimidating, right? Fox Business Network’s Melissa Francis broke down what you need to know on America Live today.

The category includes 11 states where private sector workers are outnumbered by people who are dependent on the government. That number would include state workers, and people who are receiving welfare or pension. For example, in California the ratio of “takers versus makers” is bigger than one. If you own a software company that employs 100 people, you’re supporting 139 other people in the state who are on the “takers” list.

Credit worthiness was the second factor worked into this equation. To calculate that, Forbes looked into large debts, uncompetitive business climate, weak home prices and unemployment trends for each state.

So what’s the takeaway? If you live in one of the states on the list, there are things you can do such as rent instead of buy a home.

New Mexico ranked at the bottom of the list, with 153 takers for 100 workers. For the full “death spiral” list, check out the clip below!

To Continue Reading and to view the video, please go to:  http://foxnewsinsider.com/2012/11/28/are-you-living-in-a-death-spiral-state-and-if-so-what-should-you-do-about-it/

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One Response to Are You Living in a “Death Spiral” State

  1. messup on January 6, 2013 at 10:48 am

    Substitute “State” with the word “Nation” then a more accurate view of current America will reveal itself. Need proof? Here goes:

    http://www.youtube.com/watch?v=dHySHAyBrTQ&sns=em

    Kabuki Theatrics, by We The Elite People of culture of corruption in Washington DC. Pure, smoke-and-mirrors. The real stories and alerts are seen, reported and flagged for dissemination by an alert citizenry. Need further proof??? View this video.This is the latest!

    Remember, a Chinese consortium is now operating out of Long Beach, CA’s naval building yards. This same consortium has supplied AK-47′s to Oakland street gangs. Do the math!!1) Long Beach Naval Yard, 2)large numbers of military hardware amassed just across Laredo, TX’s border and3) cozy relationships with Iran and Venezuela allowing installation of missile systems (in Venezuela).

    Vigilance! This administration hates The USA’s Constitution, “Rule of Law” and Legislative branches of governing. Wants to govern by mere”FIAT!” This will be a total reversal of everything Our Founding Fathers fought for and sacrificing their livelyhoods. Obama wants an America pre-French Revolution. Well, seems like he’s quietly gearing-up for a major civil war. Pray. Amen. Darn, just like ‘ol Honest Abe’s Emancipation Proclamation…his usering in a bloody civil war,too. Washington DC Elites are literally “shakin’-in-their-boots” what with “so much consumin’ goin’ on,”i.e., weapons purchases by americas citizenry.

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