Every day, more than 1,000 people are moving from blue states to red states, on net balance. It’s not hard to see why.
In a country where you can vote with your feet, people naturally will be inclined to live in more business-friendly, low cost of living, low-tax states. And a new study from George Mason University’s Mercatus Center proves just that — if you look at the best-run states, you can pretty much bet they’re a red state.
Investors Business Daily reports:
The ten most financially sound states in the country are all heavily Republican, while all but one of the ten worst states are heavily Democratic. That’s according to a ranking of states in a new report from the Mercatus Center at George Mason University
The report also provides an overall ranking of the states. And while Mercatus makes no mention of the states’ political leanings, every state in the top 10 except for Florida is solidly red, meaning those states voted for the Republican in each of the past four presidential elections (see table). And Florida has had a Republican governor since 1999, and the state House and Senate are both controlled by Republicans.At the other end of the spectrum, except for Kentucky, the 10 worst states are all solidly blue. And all but two of the governors since 1947 have been Democrats.
Politicians, especially the “pragmatic” ones, are always talking about how they are just interested in what works. When it comes to keeping spending, debt and long-term liabilities under control, the place to look seems obvious.
The conservative approach of lower taxes and limited government is a winner, while big-spending liberalism invariably leads to financial ruin.
Republicans in state governments are killing it — now if only the Republicans in Congress could get the memo.
[Note: This post was authored by Matt Palumbo. Follow him on Twitter @MattPalumbo12]