The Naked Truth

                                        

In the old black-and-white days of television there was a hugely popular crime drama set in New York City about detectives in the 65^th precinct.

The show focused on real-life crime and ended each episode with perhaps one of the most famous lines in the history of television: “There are eight million stories in the Naked City. This has been one of them.”

Well, here in the Golden Bear State, we got around 34 million people; that’s the ones we know about. We don’t know how many of them know about this next story, but since next year is an election year, this is one they might want to know about.

California is the worst-run state in the nation.

50. California
> State debt per capita: $3,660 (21st highest)
> Pct. without health insurance: 18.5% (8th highest)
> Pct. below poverty line: 14.5% (tied for 21st highest)
> Unemployment: 11.9% (2nd highest)

California has moved down one slot on from last year to earn the title of the worst-run state in the country. In the fiscal year 2009, the state spent $430 billion, roughly 14% of all the money spent by states in that year. Compared to its revenue, the state spent too much — California had the 10th lowest revenue per person, and spent the 15th most per person. California is the only state in the country to be rated A-, the lowest rating ever given to a state by S&P. Despite the huge amount the state spends each year, conditions remain poor. California has the second-lowest percentage of adults with a high school diploma in the country, the second-highest foreclosure rate and is tied for the second highest unemployment rate in the U.S.

Read more: Best and Worst Run States in America — An Analysis Of All 50 - 24/7 Wall St. http://247wallst.com/2011/11/28/best-and-worst-run-states-in-america-an-analysis-of-all-50/#ixzz1fJiB0G6t

If you’d like to know more about the naked truth keep reading financialspuds.blogspot.com.