"...because everything there happens 20 years after it happens anywhere else."
Wednesday, October 6, 2010
'When the end of the world comes, I want to be in Kentucky...'
How true Mark Twain's words ring today with the release of a new report by 24/7 Wall St.
The group ranked all 50 states from best managed to worst managed. Guess where Kentucky came up on the list? No. 50. Dead last. Kentucky didn't have the worst score in any single category, but the commonwealth fared so poorly across the board that it was deemed America's worst-managed state.
Following are a few reasons why. Kentucky:
- ranked 37th in debt per capita: $8,899
- had the 38th highest unemployment rate at 10 percent(It has dropped to 9.9 percent since this study was done)
- had a medium household income of $40,072, placing it 41st
- had a very weak S&P rating
If we want to stop contributing to the stereotype of Kentucky as being decades behind other states, we need to take reform seriously. Kentucky's political leaders would do well to look at some of those at the top and the reforms they've put in place if we ever hope to catch up.
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1 comment:
It's "median" income, not "medium" income.
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