Go Midwest Young Man

At Yahoo Finance, Carla Fried makes the case “Why North Dakota May Be the Best State in the Country to Live In:”

While many states are confronting severe budget shortfalls and dragging economies, North Dakota has a different sort of problem. It’s stuck deciding how best to deal with a budget surplus. Yes, a surplus. North Dakota’s balance sheet is so strong it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts.

That’s not exactly what residents of California ($25.4 billion projected budget shortfall for the 2012 fiscal year), Texas ($13.4 billion), New Jersey ($10.5 billion), New York ($10 billion), and 42 more states with projected 2012 budget shortfalls are in line for.

I can just hear the snarky comment formulating in your head right about now — something about North Dakota’s rough winters, and comparative lack of high-brow culture or pro sports teams, no doubt. Duly noted. But if we keep the conversation to economics and fiscal policy, North Dakota has plenty to admire.

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