Last August appeared on Sunday Square off with Kyrsten Sinema and EJ Montini and warned that massive world wide debt was going to lead to global financial collapse. Since then things have gotten much worse. Greece is near collapse and the Chinese--as predicted--are starting to look skeptically at US Treasury Bills.
California, Illinois and New York are having a difficult time meeting their debt burdens with Illinois near default and talk of California being declared a failed state.
California, Illinois and New York? That got me thinking...aren't those the bluest of the blue states? Is there a pattern here? I never spent the time it would take to go state by state and determine the debt burden and then compare it to voting patterns.
However, Forbes just came out with a chart depicting the states that have the biggest "Debt Bombs"...and it's easy to find a map of the blue states, so I decided to put them together and indeed, a pattern seems to develop.
Check this out. Both charts have four categories. On the left is how the states voted in the last four Presidential elections--pure blue is all four Democratic, pure red is all four Republican, purple is 3 of four Democratic and pink is 3 of four Republican.
The second chart is how much excessive debt the state has piled up. It's certainly not an exact match, but the coincidence is remarkable.