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Updated about 14 years ago,
A Map of Bankruptcies For The United States - State Compensation?
I found this chart this evening and couldn't help but think of its implications for real estate investing and state-based economies that set their own laws that impact the nation as a whole. You'll notice that Texas doesn't have many bankruptcies relative to the rest of the country:
All of these deadbeats from other states have to have their debts paid for somehow.
Who would be for having states that can't manage their affairs properly compensating other states for their failed policies that wreak havoc on our financial markets and subject ALL citizens to increased taxation and/or inflation? How about it other states?