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WSJ - Should Florida Bail Out New York?
Posted on 5/19/20 at 11:03 am
Posted on 5/19/20 at 11:03 am
quote:
A comparative look at population growth and spending over 10 years.
Democrats want a $915 billion budget bailout for states and cities, and the leading lobbyist is New York Governor Andrew Cuomo. His main public antagonist on the subject is Florida Senator and former Governor Rick Scott. Both men were first elected Governor in 2010, so let’s do the math to consider which state has managed its economy and finances better over the last decade.
In 2010 New York’s population of 19.378 million was larger than Florida’s 18.8 million. By mid-2019 Florida had grown to 21.48 million, according to the Census Bureau, while New York had barely increased to 19.453 million. Yet Mr. Cuomo recently signed a budget for fiscal 2021 of $177 billion that is even bigger than last year’s, papering over what was a $6 billion deficit before the coronavirus. Florida’s budget for fiscal 2021, not yet signed by new Governor Ron DeSantis, is expected to be about $93 billion.
Democrats in Albany are claiming to be victims of events that are out of their control. But they have increased spending by $43 billion since 2010—about $570,000 for each additional person. Florida’s budget has increased by $28 billion while its population has grown 2.7 million—a $10,400 increase per new resident.
quote:
New York has a top state-and-local tax rate of 12.7%, while Florida has no income tax. Yet New York has a growing budget deficit, while Mr. Scott inherited a large deficit but built a surplus and paid down state debt. The difference is spending
New York’s spending on worker retirement benefits has nearly doubled since 2010 and is six times greater than Florida’s. Its debt-service payments have also doubled. Albany’s biggest cost driver is Medicaid, which gobbles up 40% of the state budget—twice as much as education. Florida spends about the same on schools as on Medicaid.
Blame New York’s cocktail of generous benefits, loose eligibility standards and waste. New York spends about twice as much per Medicaid beneficiary and six times more on nursing homes as Florida though its elderly population is 20% smaller. Many New York nursing homes and hospitals are organized by unions, which use their political clout to drive generous pay and benefits.
Read more
Posted on 5/19/20 at 11:05 am to RLDSC FAN
quote:
Should Florida Bail Out New York?
You know shite is bad if you are looking to Florida to save you.
Posted on 5/19/20 at 11:07 am to RLDSC FAN
great artcile. simple. factual. black and white. for these reasons it will never gain traction or force any reasonable conversation.
a shame.
a shame.
Posted on 5/19/20 at 11:08 am to LegendInMyMind
quote:
You know shite is bad if you are looking to Florida to save you.
"Help us, Floridaman, you're our only hope"
-New York Woman
This post was edited on 5/19/20 at 11:09 am
Posted on 5/19/20 at 11:13 am to RLDSC FAN
quote:
New York has a top state-and-local tax rate of 12.7%, while Florida has no income tax. Yet New York has a growing budget deficit, while Mr. Scott inherited a large deficit but built a surplus and paid down state debt. The difference is spending
New York’s spending on worker retirement benefits has nearly doubled since 2010 and is six times greater than Florida’s. Its debt-service payments have also doubled. Albany’s biggest cost driver is Medicaid, which gobbles up 40% of the state budget—twice as much as education. Florida spends about the same on schools as on Medicaid.
Blame New York’s cocktail of generous benefits, loose eligibility standards and waste. New York spends about twice as much per Medicaid beneficiary and six times more on nursing homes as Florida though its elderly population is 20% smaller. Many New York nursing homes and hospitals are organized by unions, which use their political clout to drive generous pay and benefits.
That part right there pretty much sums up the problem. Responsible vs irresponsible spending habits and benefits to people who probably shouldn't be receiving them.
Its a shame a state like NY is so horribly run from the top all the way down.
Posted on 5/19/20 at 11:21 am to RLDSC FAN
Damn shame you couldn’t post this on the proper board
Posted on 5/19/20 at 11:27 am to iAmBatman
Should I point out that Florida has a Republican governor and both houses of the state legislature is also GOP? I'm sure the fact that New York is controlled by Democrats is just a coincidence.
Posted on 5/19/20 at 11:28 am to RLDSC FAN
Ask the people in Florida who dealing with a dysfunctional unemployment system how they feel about Desantis and Scott.
Posted on 5/19/20 at 11:37 am to RLDSC FAN
quote:
New York spends about twice as much per Medicaid beneficiary and six times more on nursing homes as Florida though its elderly population is 20% smaller. Many New York nursing homes and hospitals are organized by unions, which use their political clout to drive generous pay and benefits.
New York's CoviD policies may have helped solve that problem for them.
Hmmm....
Posted on 5/19/20 at 11:38 am to RLDSC FAN
Cuomo is a moron and Dems want him to be the nominee
Posted on 5/19/20 at 11:38 am to RLDSC FAN
frick Cuomo and New York
Posted on 5/19/20 at 11:40 am to SoFla Tideroller
quote:
Should I point out that Florida has a Republican governor and both houses of the state legislature is also GOP? I'm sure the fact that New York is controlled by Democrats is just a coincidence.
it is pretty obvious to every single living, breathing human.
except Democrats. they dont see why that matters
Posted on 5/19/20 at 11:41 am to theronswanson
quote:
Ask the people in Florida who dealing with a dysfunctional unemployment system how they feel about Desantis and Scott.
Is New York’s well run? No state is perfect, but if your biggest complaint is the unemployment office is disorganized, you’re doing ok
This post was edited on 5/19/20 at 11:42 am
Posted on 5/19/20 at 11:44 am to RLDSC FAN
NY should just keep some their damn federal tax contributions to themselves and pay for their own shite.
Posted on 5/19/20 at 11:52 am to theronswanson
quote:
Ask the people in Florida who dealing with a dysfunctional unemployment system how they feel about Desantis and Scott.
Elaborate, please. Lived here almost my entire life and have no idea what you are talking about. Maybe the fact our economy has been rolling since Scott came to office means we don't have an "unemployment" problem to deal with, anyway.
Posted on 5/19/20 at 11:54 am to theronswanson
quote:
Ask the people in Florida who dealing with a dysfunctional unemployment system how they feel about Desantis and Scott.
DeSantis has done a phenomenal job. It’s been refreshing that he’s allowed local leaders the leeway to represent the people they were elected to. It could’ve been MUCH MUCH worse down here.
This post was edited on 5/19/20 at 12:01 pm
Posted on 5/19/20 at 12:01 pm to YouAre8Up
[quote]frick Cuomo and New York
^^This.
^^This.
Posted on 5/19/20 at 12:07 pm to junkfunky
quote:
"Help us, Floridaman, you're our only hope"
Floridaman, away!
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