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Started By
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re: New York, New Jersey, Illinois, Connecticut and California will be demanding a bailout.
Posted on 4/26/20 at 4:34 pm to GumboPot
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
0
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 4:38 pm to Crimson Wraith
Posted on 4/26/20 at 4:39 pm to Brosef Stalin
California has a debt ratio of over 107%. New Jersey is at 280%
Posted on 4/26/20 at 4:40 pm to Brosef Stalin
quote:
California can afford its debt
Doesn't sound like they need a bailout then.
Posted on 4/26/20 at 4:40 pm to Brosef Stalin
quote:
Yes they should all follow the leads of Louisiana, Arkansas, and Mississippi as beacons of economic prosperity.
Economic dependency is not economic prosperity. The states you listed are in far better shape than the states in the OP. How a state is able to survive in a worst case scenario is the true test of prosperity.
This post was edited on 4/26/20 at 5:50 pm
Posted on 4/26/20 at 4:44 pm to GumboPot
Ain’t happening
Posted on 4/26/20 at 4:45 pm to Da Sheik
Elections have consequences. This is what they wanted let them live with it.
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 4:53 pm to BeepNode
quote:
California has been paying off their debts to the tune of $11 billion a year.
If California doesn’t need a bailout then awesome.
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 5:52 pm to 1609tiger
quote:Nor their bloated state employee ranks - that should have been cut by half 30 years ago.
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 5:55 pm to Pussykat
Bingo.
There is a huge difference between high revenue and being solvent.
California has a huge GDP. But it also has massive liabilities which they can’t pay which are far more than the revenue they can bring in.
There is a huge difference between high revenue and being solvent.
California has a huge GDP. But it also has massive liabilities which they can’t pay which are far more than the revenue they can bring in.
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 6:32 pm to Lsut81
quote:
frick them, the 50% of us that pay federal income taxes should not pay for States mismanagement of their pensions and the likes.
You WILL pay for it and shut up.
There’s nothing you can do about it.
Posted on 4/26/20 at 6:35 pm to LuckyTiger
John Galt, you have a call on pine 1.
Posted on 4/26/20 at 6:39 pm to BeepNode
Gonna take a while at that rate. Assuming they can keep it up.
Posted on 4/26/20 at 6:41 pm to imjustafatkid
quote:
No different than any other time. Blue states would not survive without the federal government.
Red states wouldn't either and are actually more of leaches than most blue states
Posted on 4/26/20 at 6:50 pm to Powerman
quote:
Red states wouldn't either and are actually more of leaches than most blue states
States dont pay money to the federal government
States only get money from the federal government
If a blue state makes horrible financial decisions where the state owes pensions and salaries far above what they can pay it has nothing to do with the federal government at all
Federal taxes are equal across the board
This post was edited on 4/26/20 at 6:52 pm
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