Posted on November 28, 2012

Forbes Releases List Of 11 "Death Spiral" States

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FOX News: A writer at Forbes Magazine has identified a phenomenon called the “death spiral states.” The category includes 11 states where private sector workers are outnumbered by people who are dependent on the government. That number would include state workers, and people who are receiving welfare or pension. For example, in California the ratio of “takers versus makers” is bigger than one. If you own a software company that employs 100 people, you’re supporting 139 other people in the state who are on the “takers” list.