Nov. 2012 Senate Majority Leader Harry Reid of Nev., left, with House Speaker John Boehner of Ohio looking on, speaking to reporters outside the White House in Washington following a meeting with President Barack Obama to discuss the economy and the deficit. Some states are more susceptible to a death spiral because of its debt load.
Jacquelyn Martin, Associated Press
Our take: Planning on moving? Do you have holdings in various states? William Baldwin, from Forbes, highlights the "sick states" to watch out for and states that will most likely cut you short of your investments:
"Thinking about buying a house? Or a municipal bond? Be careful where you put your capital. Don't put it in a state at high risk of a fiscal tailspin.
Eleven states make our list of danger spots for investors. They can look forward to a rising tax burden, deteriorating state finances and an exodus of employers. The list includes California, New York, Illinois and Ohio, along with some smaller states like New Mexico and Hawaii."
Read more about Death spiral states on Forbes.
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There are a lot of stories like this on websites these days. CNN is bad for them, too. They refer you to a 'top 10' or whatever list in another publication. However, when you go to the link, there's no list there, either. I was looking More..