floridays
Well-Known Member
Bankrupt.
Should Washington Bail Out Overspending States?
- Thread starter Wally
- Start date
Up In Smoke
Well-Known Member
Texas is 48b in debt with less than half of the revenue. They are in far bigger trouble.
floridays
Well-Known Member
Your point to me?
MAKAVELI
Well-Known Member
Your article is about NY, not CA, and had no information about NY economy. Just a cuckservatives fluff piece. Secondly, Drumpf bankrupted the country by giving huge tax breaks to the wealthy and corporations while driving up the deficit. Try again son.....
Up In Smoke
Well-Known Member
Not directed at anyone, just pointing out red or blue, they are all in trouble to some degree.
floridays
Well-Known Member
Enjoy your bailout, don't run your business venture in the same manner your state is run.
My best advice to you dad.
Jumpin Jack Flash
Troll
A Republican Governor put California in debt years ago. He was an actor born in a foreign country named Arnold.
Florida could simply tax one of their very rich new resident to cover that.
In terms of debt ratio, as well as per capita debt, Texas is way down the list. Illinois is the worst off.
yes of course. you dont just bailout wall st to the tune of 9 trillion and tell main st to
Biden's $1.9T stimulus plan is a 'bailout' for blue states' bad lockdown policies: Waltz
Rep. Michael Waltz, R-Fla., took issue Friday with President-elect Joe Biden's massive $1.9 trillion stimulus package proposal that aims to combat the coronavirus and attempt to pump up a U.S. economy severely battered by the worst pandemic to strike the globe in a century.www.google.com
themselves.
Jumpin Jack Flash
Troll
Lets not forget that red states, specifically the Deep South always leads in crime and low education.
Old Man Jingles
Rat out of a cage
Two wrongs don't make a right.
1 of them isnt wrong.
i think what happened with the states is coronavirus destroyed their budgets. thats not the same thing as bailing out capitalists reckless behavior. many viewed coronavirus as an excuse for the capitalist bailouts
Old Man Jingles
Rat out of a cage
They have been given money to deal with the costs of COVID.
Their idiotic and political decision to shutdown until Trump was defeated is what Biden's bailout will address.
i find that unlikely. whats happening again is a repeat of 2008, banks got bailed out main st got sold out. said again, you had the bailouts and hten austerity for everyone. at least the fed can run deficits unlike EU
Old Man Jingles
Rat out of a cage
We are talking about State and Local Governments aren't we?
oldngray
nowhere special
NY Gov. Cuomo proposes highest tax rates in US without $15B in federal aid
Tax hikes would be considered alongside spending cuts and borrowing.
Up In Smoke
Well-Known Member
49 of 50 States have balance budget (laws) on their books. Only Vermont does not. Budgets passed in early 2020 were blown to bits by the virus and costs associated with it. The Federal Government stepped up to help businesses big and small (PPP and SBA loans) but left local and state governments to cover shortfalls. I don't want to see the money going to past debts but only those associated with virus response.
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