Why North Dakota May Be the Best State to Live In

North Dakota

North Dakota has a budget surplus.

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.

 

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China’s Economy Overtook the U.S. in 2010 to Become Number One

china_economy

China’s economy overtook the U.S. in 2010.

Some time in 2010, the Chinese economy overtook that of the United States.  In purchasing power parity (PPP) terms – that is, adjusting for the different costs of living in the two countries – the size of China’s economy was $14.8 trillion in 2010, compared to the US economy’s $14.6 trillion.

 

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