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Unwieldy legislation, meaningless political rhetoric and shoddy news coverage prevents many a voting consumer from understanding worrisome aspects of the economy. Sometimes the situation is best assessed in small bites, such as “States of Bankruptcy: Eurozone, USA?” The new Republican study on the state debt crisis was released Tuesday by Joint Economic Committee Vice Chairman Kevin Brady of Texas and senior member Sen. Jim DeMint of South Carolina.

Part of a practical research series, this 17-page installment examines the relationship between economic policies and economic destiny. Those states that model policymaking on European-style social democracies — fat taxes, heavy regulation, large bureaucracies and generous welfare systems — now face fiscal situations resembling those of the struggling eurozone.

Among other things, there is praise for New Jersey Gov. Chris Christie and Wisconsin Gov. Scott Walker for enacting pension reform in their states. California, Illinois and Michigan were deemed the states “most like Greece.” Clear numbers indicate that the nine states with no income tax have more productivity, population growth and jobs than the nine states with the highest marginal income tax rates.

Read this report at leisure here: Look under “States of Bankruptcy” in the “hot issues” section.


• 83 percent of Americans would “hardy ever or never” click on the online ads found on Facebook.

• 70 percent have not seen the movie “The Social Network,” about the founding of Facebook.

• 59 percent do not trust Facebook to keep personal information private.

• 56 percent have a personal Facebook page.

• 54 percent say they do not feel “safe” purchasing goods or services through Facebook.

• 51 percent say Facebook stock would be a “good investment.”

• 50 percent predict that Facebook’s stock market value will be “overvalued.”

• 46 percent say Facebook will fade away as new things come along.

• 43 percent say it will be successful over the long term.

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