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Started By
Message
New York, New Jersey, Illinois, Connecticut and California will be demanding a bailout.
Posted on 4/26/20 at 4:13 pm
Posted on 4/26/20 at 4:13 pm
Blue states versus red states. Red states, they are coming for your money.
LINK
quote:
For several decades, and particularly since 2008, the issue of unfunded liabilities has been a growing problem for the Blue State governors. One reason Obamacare was created was to address this issue on the union and healthcare side. However, the underlying over-spending by state legislators/governors was never addressed.
The solution of allowing states to declare bankruptcy has been a part of that discussion for years. However, every Blue state governor knows if they declare bankruptcy they will never sell another bond again…. which means no investment… which means they will implode.
If the laws changed allowing states to declare bankruptcy, internally the blue states would collapse… there would be a massive exodus… people would flee the rust and collapse…. housing values would plummet overnight in Blue states…. business would leave… unemployment would skyrocket…. it would be statewide chaos.
The ultimate result would be smaller populations within the Blue state misery zones.
Think about the worst impacts and outcomes within the city of Detroit, Michigan, due to these issues on a municipal level… now overlay that visible outcome across an entire state; or group of states.
So we can look forward to an epic battle over federal bailouts of the state revenue shortfall.
LINK
18
Posted on 4/26/20 at 4:14 pm to GumboPot
frick them, the 50% of us that pay federal income taxes should not pay for States mismanagement of their pensions and the likes.
Posted on 4/26/20 at 4:15 pm to GumboPot
quote:
Blue states versus red states. Red states, they are coming for your money.
No different than any other time. Blue states would not survive without the federal government.
Posted on 4/26/20 at 4:15 pm to GumboPot
Posted on 4/26/20 at 4:24 pm to GumboPot
A) Consider the source
B) Consider which states are net providers and net recovers of federal funding.
B) Consider which states are net providers and net recovers of federal funding.
Posted on 4/26/20 at 4:26 pm to GumboPot
quote:
So we can look forward to an epic battle over federal bailouts of the state revenue shortfall.
I don’t think it’s going to be a battle. Trump and the Republicans will allow these states to be bailed out. And they’ll give a reasonable answer as to why they did it, like too big too fail, and life will go on. You think Trump will allow his home state to go bankrupt? No
Bookmark it.
This post was edited on 4/26/20 at 4:32 pm
Posted on 4/26/20 at 4:28 pm to GumboPot
Uhhhh, nope
Posted on 4/26/20 at 4:28 pm to GumboPot
And I'm sure the money will be well spent. Look at what New York's Bill de Blasio is doing:
Mayor Bill de Blasio appoints his wife head of coronavirus racial inequality taskforce 'to make sure NYC rebounds as a better and more just society than the one we left behind'
Luckily, she's NEVER mismanaged a government taskforce
:
Where has $850m gone? Bill de Blasio's wife can't account for staggering amount of taxpayer money that the NY Mayor gave her for mental health project
It'd make you laugh if it wasn't so infuriating.
Mayor Bill de Blasio appoints his wife head of coronavirus racial inequality taskforce 'to make sure NYC rebounds as a better and more just society than the one we left behind'
quote:
Chirlane McCray will head up coronavirus taskforce focusing on racial inequality
The role will focus on inclusion and equity to make sure the city 'rebounds as a better and more just society than the one we left behind
Luckily, she's NEVER mismanaged a government taskforce
: Where has $850m gone? Bill de Blasio's wife can't account for staggering amount of taxpayer money that the NY Mayor gave her for mental health project
It'd make you laugh if it wasn't so infuriating.
Posted on 4/26/20 at 4:34 pm to GumboPot
These states BUY VOTES with welfare and absurd state employee salaries, benefits and pensions.
Now they want the other states to pay for the votes they bought.
They should go bankrupt and start over.
Now they want the other states to pay for the votes they bought.
They should go bankrupt and start over.
This post was edited on 4/26/20 at 4:36 pm
Posted on 4/26/20 at 4:36 pm to GumboPot
California has been paying off their debts to the tune of $11 billion a year.
Posted on 4/26/20 at 4:44 pm to GumboPot
Ain’t happening
Posted on 4/26/20 at 4:51 pm to GumboPot
States might need some help due to sales tax revenue loss BUT not one dime should go to pensions.
Posted on 4/26/20 at 4:58 pm to GumboPot
This became a political strike the moment it affected the market.
Posted on 4/26/20 at 6:25 pm to GumboPot
Absolutely it will happen just as soon as the Dems can accumulate enough political power to do so.
Posted on 4/26/20 at 6:30 pm to GumboPot
And will get one if Joe and Abrams take the WH.
Posted on 4/26/20 at 7:24 pm to GumboPot
Nobody sucks the government's teet as much as southern states.
And if you're giving individuals and large companies bailouts, of course states will ask for it. Including LA, MS, Al, and GA.
Big fail.
And if you're giving individuals and large companies bailouts, of course states will ask for it. Including LA, MS, Al, and GA.
Big fail.
Posted on 4/26/20 at 7:28 pm to GumboPot
need to look at the trillions of dollars being spent , divide it by the 55000 deaths and multiply the number of state residents. then send a bill to all 50 states. states with high incident rates need to be held accountable for having dirty streets and public places that promote disease. high occupancy urban areas need to pay the full cost including additional med expense
Posted on 4/26/20 at 7:31 pm to GumboPot
quote:
New York, New Jersey, Illinois, Connecticut and California
Yuck. frick off.
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