Florida is currently tied with approximate a dozen other states with a AAA debt rating including the potential liability of a shortfall in Citizen's Property Insurance. While far from perfect, our legislatures and governors have acted with some sense of reality.

California and Illinois on the other hand have an A- rating. This link will provide a quick graphical overview. http://www.forbes.com/2010/01/20/sta...ctive-map.html

Roll your pointer over the various states to get a fuller picture. In all cases, the unfunded pension liabilities are the killer.