High-tax states headed for bankruptcy as low-tax, liberty-minded states thrive
by: J. D. Heyes
NaturalNews.com
Saturday, August 01, 2015
A new study has once again proven that the uniquely American principle of less government leads to more prosperity.
As noted by USA Today, an examination of all 50 states’ economic health by the Mercatus Center at George Mason University has found that there is a dramatic unevenness among them – as well as a trend.
As the Great Recession fades – somewhat, anyway – energy-rich states with high levels of freedom, low taxes and less government are in great financial shape, while high-tax, high regulation states with less freedom are failing economically.
The Mercatus Center, a public policy research group, ranked the 50 states based on how well each state government planned spending in fiscal 2013, the most recent year data was available. The center found that Alaska, both Dakotas, Nebraska and Florida are in the best shape, while the “progressive” states of New York, Connecticut, Massachusetts, New Jersey and Illinois are at the bottom of the list. The biggest financial drain is massive pension obligations initially approved by lawmakers when states were flush with commerce and far fewer regulations.
Red state, blue state
The Rest…HERE
Learn more: http://www.naturalnews.com/050616_small_government_pensions_Social_Security.html#ixzz3hZrsWt25
