With the sequester set to provide some sanity to the debt situation, one certainly has to question how the cost reductions (reducing unnecessary spending) would impact each of the fifty states and connected political entities (assuming the sequester goes forward).
Well, here are some of the numbers bond rating agencies are looking at when they evaluate municipal credit ratings of entities that are indirectly linked with the U.S. government.
The first measure is how important federal employment is as a percentage of the total employment within a given geopolitical boundary.
Which area would you guess is highly dependent on federal expenditures?
Not surprisingly, Washington D.C. comes in first, with a whopping 28 percent of...
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