Leonidas
Thinks s/he gets paid by the post
Not that I was planning on buying any of these, but I'm trying to understand why the state with the highest per capita income is also the state with the highest net tax supported public debt.
Connecticut Rating Cut by Fitch Ahead of Debt Sale (Update1) - BusinessWeekConnecticut, the state with the highest tax-supported debt, had its bond rating lowered one level to AA by Fitch Ratings as it prepares to borrow money to cover a budget deficit for a second straight year...Standard & Poor’s yesterday rated Connecticut AA, two steps below the top level, and Moody’s Investors Service ranked it an equivalent Aa2 on May 27. All three companies assigned a stable outlook to the credit.