Thanks to the New York Times and Marginal Revolution for this one - the ten states most likely to default on their debts.
Here they are:
The Ten States Most Likely To Default
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Good to see they've realised some parts of the US are near bankrupt but from what friends there tell me, New York City is actually in a far worse state(sic) than California.
And how can Sicily go bust - I thought Pistorio and/or ST owned part of it and the Mafia the rest :-)
@Mike
I think you've answered your own question...
Would you ask for demand from the Mafia?
Unfortunately Sicily is not a state...
That depends on how you define a state, An Italian. Is Sicily less of a state than California? And do Californians regard California as a state? I think they do.