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24/7 Wall Street: 15 Worst-Run States in America

1. California

State debt per capita: $3,660 (21st highest)
Pct. without health insurance: 18.5 percent (8th highest)
Pct. below poverty line: 14.5 percent (tied for 21st highest)
Unemployment: 11.9 percent (2nd highest)

California has moved down one slot on from last year to earn the title of the worst-run state in the country. In the fiscal year 2009, the state spent $430 billion, roughly 14 percent of all the money spent by states in that year. Compared to its revenue, the state spent too much — California had the 10th lowest revenue per person, and spent the 15th most per person. California is the only state in the country to be rated A-, the lowest rating ever given to a state by SnP. Despite the huge amount the state spends each year, conditions remain poor. California has the second-lowest percentage of adults with a high school diploma in the country, the second-highest foreclosure rate and is tied for the second highest unemployment rate in the U.S.

(AP Photo/Eric Risberg, file)

More From 24/7 Wall Street:
The Most Generous States
Cities Where Violence is Soaring (And Plummeting)
Sodas That Have Lost Their Fizz



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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