Debt, Deficit, Vote for who??

Who are you going to vote for?  Here in Connecticut, it's getting pretty mud slamming to say the least. In my opinion - what a waste of time, money, and there isn't a messge yet!

Wherever you are - you may wish to look at the list below as you consider the canidates that are up for election. 

This list came out from The Daily Beast.  Actually it is an interesting slide show - click here.   To do the math - take the state's "debt 2010" divided by its GDP (gross domestic product) 2009.  The higher the percentage,  the worse position the state is in. 

There was an interesting additional piece of information in this list.  It listed the current/upcoming Budget Deficit.  Remember the deficit  means that current year revenue for the state, taxes collected from You, less the state's expenditures for programs, salaries, medical, etc.  The B - you know it - is for billion.

How does a state improve it's numbers.  One way is to let business do more business - that way the state's GDP goes up.  Another way and in my opinion, most important, the state should not not have a deficit in the budget.  At the end of a budget year, if the deficit held true, that shortfall of money turns into debt.  Three states listed say they have no deficit - hmmm? 

Who are you going to vote for?  One question (of many) that hasn't been truly answered yet - what are financial and fiscal policies that are going to be reviewed and acted upon?  Remember, government doesn't make jobs - small businesses make jobs.

Here's the list - click here to see the original

1 - Rhode Island 21.54%  ------  Budget Deficit  0.395 B
2 - Massachusetts 20.73% ----- Budget Deficit 2.700 B
3 - Alaska 18.50%  ------ Budget Deficit 0.000 B
4 - Connecticut 16.69%  ------ Budget Deficit 5.100 B
5 - Montana 16.66%  ------ Budget Deficit 2.700 B
6 - Vermont 15.64%  ------ Budget Deficit 0.338 B
7 - New Hampshire 13.55%  ------ Budget Deficit 0.365 B
8 - West Virginia 13.09%  ------ Budget Deficit 0.134 B
9 - New Jersey 12%  ------ Budget Deficit 10.070 B
10 - New Mexico 11.93% ------ Budget Deficit 0.333 B
11 - Maine 10.77% ------ Budget Deficit 0.940 B
12 - Delaware 10.77% ------ Budget Deficit 0.377 B
13 - South Carolina 10.75% ------ Budget Deficit .130 B
14 - Maryland 10.74% ------ Budget Deficit 2.000 B
15 - Illinois 10.71% ------ Budget Deficit 13.500 B
16 - Louisiana 10.57% ------ Budget Deficit 1.000 B
17 - New York 10.45% ------ Budget Deficit 8.500 B
18 - South Dakota 10.27% ------ Budget Deficit 0.102 B
19 - Hawaii 10.17% ------ Budget Deficit 0.594 B
20 - Pennsylvania 9.84% ------ Budget Deficit 4.100 B
21 - Wisconsin 9.71% ------ Budget Deficit 3.400 B
22 - Missouri 9.28% ------ Budget Deficit 0.730 B
23 - Kentucky 9.20% ------ Budget Deficit 0.780 B
24 - Indiana 9.13% ------ Budget Deficit 1.300 B
25 - Washington 9.09% ------ Budget Deficit 1.200 B
26 - Mississippi 8.49% ------ Budget Deficit 0.716 B
27 - North Dakota 7.87% ------ Budget Deficit 0.000 B28 - Oklahoma 7.78% ------ Budget Deficit 0.725 B
29 - Idaho 7.68% ------ Budget Deficit 0.840 B
30 - Michigan (ratio not listed)
31 - Florida 7.59% ------ Budget Deficit 4.700 B
32 - California 7.30% ------ Budget Deficit 17.9 B
33 - Colorado 7.22% ------ Budget Deficit 1.500 B
34 - Oregon 6.90% ------ Budget Deficit 2.500 B
35 - Virginia 6.87% ------ Budget Deficit 1.300 B
36 - Alabama 6.60% ------ Budget Deficit 0.586 B
37 - Wyoming 6.37% ------ Budget Deficit 0.147 B
38 - Washington DC 6.27% ------ Budget Deficit 0.104 B
39 - Ohio 6.26% ------ Budget Deficit 3.00 B
40 - Iowa 6.22% ------ Budget Deficit 1.100 B
41 - Utah 5.89% ------ Budget Deficit 0.700 B
42 - North Carolina 5.81% ------ Budget Deficit 5.800 B
43 - Kansas 5.22% ------ Budget Deficit 0.510 B
44 - Arizona 5.00% ------ Budget Deficit 3.100 B
45 - Arkansas 4.5% ------ Budget Deficit 0.000 B46 - Nebraska 4.43% ------ Budget Deficit 0.329 B
47 - Minnesota 4.40% ------ Budget Deficit 4.000 B
48 - Georgia 4.01% ------ Budget Deficit 4.200 B
49 - Texas 3.69% ------ Budget Deficit 4.600 B
50 - Nevada 3.58% ------ Budget Deficit 1.800 B
51 - Tennessee 1.95% ------ Budget Deficit 1.000 B