Gov. Easley’s spending spree has finally caught up to him in the Cato Institute’s annual report card for governors. His score of 44 earns an “F” just a point ahead of Louisiana’s Kathleen Blanco and Arizona’s Janet Napolitano – the two worst governors. Only Matt Blunt of Missouri received an “A” and that was thanks to the generous curve.

The full report is here. Report author Stephen Slivinski discusses the grades here.