, Columnist
If Rich States Need Federal Help, Remember They Paid for It
It would be a sign that progressive taxation has worked and should continue.
Connecticut is not the most sympathetic possible recipient of welfare. But it may still have a legitimate claim someday.
Source: Brooks Kraft/Corbis, via Getty Images
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Yes, Connecticut is in trouble. No, it’s not going to follow the path of the Greek debt crisis.
My Bloomberg Opinion colleague Brian Chappatta recently wrote about widening credit spreads on its municipal debt, and the prospect that one day the state could default. Other states like New Jersey and Illinois have similar woes.