State tops on death spiral list

The most recent economic ranking to wander through here paints New Mexico harshly. Certainly the words are blunter than usual. We lead a group of eleven states called “death spiral states” by Forbes.com. http://forbes.com/sites/baldwin/2012/11/25/do-you-live-in-a-death-spiral...
“Death spiral” is harsh. So is the “taker/maker” distinction employed in the post by staffer William Baldwin, who says, “A taker is someone who draws money from (state or local) government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector.” To make the spiral list, a state needs more takers than makers and to be in the lower half of a credit analysis by Conning & Co., a money manager that measures risk in insurance company portfolios.
New Mexico has the highest taker / maker ratio at 1.53. Mississippi is second. There it is. We’re in excusive company. California, New York and Illinois are among the eleven. The future is “a rising tax burden, deteriorating state finances and an exodus of employers,” Baldwin says.

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