Rhode Island Forecast: Economic Death Spiral

by Ryan on February 9, 2011

in Economy,Election 2010,Rhode Island

Ever since Rhode Island elected big spending former RINO union-shill Lincoln Chafee governor last November, I personally believed that this signaled my home state’s fast track to fiscal oblivion.  As it turns out, I am not alone.  Using nearly any measure of economic metrics, RI is at or near the bottom and is getting worse.  Of any state, it’s truly “most likely to go bust”.  With Governor Chafee acting like it’s 1999 when budgets only grew and revenue poured in like this year’s snowfall, it is not long before the state of RI falls into an economic death spiral.

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