60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

#1
State Budgets: The Day of Reckoning Has Arrived

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#2
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

The coming collapse in the state budgets

posted at 9:30 am on December 20, 2010 by Ed Morrissey

While you?re watching this excellent 60 Minutes story on the coming implosion in state governments, remember one key statement about halfway through this from Steve Kroft: the Great Recession didn?t cause this budget insanity, it merely exposed it. The overspending has been going on for decades, especially in places like Illinois, California, and New Jersey, as well as ridiculous union contracts that have California spending more on its public employees than it does on the entire state-owned public university systems it operates. Illinois has gotten so bad that landlords are evicting legislators from their business offices and police officers attempting to put gas in the tanks of their patrol cars have their state credit cards declined at the pump. :blink:

Chris Christie makes it clear when discussing the rail project he had to cancel. ?We don?t have the money,? Christie explains, ?we literally don?t have the money.? He?s not the only one, either (via The Right Scoop):

The ?ride to the rescue? in Porkulus didn?t produce any improvement in behavior. Instead of either facing the music and making cuts in expenditures ? especially in reducing bureaucracies ? the states used the Porkulus bloc-grant funding to paper over their budget gaps and punt on the hard decisions. The federal government shouldn?t have borrowed money to provide that fig leaf the first time, and they won?t get an opportunity for Round 2 fig-leafism with a GOP House.

That leaves the states on their own to do what they should have done years ago ? cut spending and press for pension reform in the public-union contracts. Will the states finally take control of their budgets? If they don?t, prepare for another collapse in the banking sector.
 

brucefan

EOG Dedicated
#3
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Funny, Tank told me he has been loading up on intermediate term muni market

Said it was a value play :LMAO
 
#4
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Barack Hussein Tank's state spends twice as much as it takes in. They are goners.

I can't wait for the Kenyan's corrupt Chicago mobsters to come begging him for another bailout and the Republicans give him the finger. :+excited-
 
#5
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

will they give texas the finger too? the most anti-union rightwing state in the union needs a bailout too!
 

tank

EOG Dedicated
#6
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Funny, Tank told me he has been loading up on intermediate term muni market

Said it was a value play :LMAO
Show the thread where I said that fraud!!Like a typical lying tout fraud you will not be able too but I will wait!!What are you touting today??Depression or hyperinflation??:LMAO
 

tank

EOG Dedicated
#7
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

will they give texas the finger too? the most anti-union rightwing state in the union needs a bailout too!
Come on do not bring common sense into a idiot thread Roscoe.Maybe the blue states will quit giving all their money to the welfare red states and let them sink or stand on their own.We know how that would work out don't we.:LMAOJust more under educated rednecks playing slaves to corporate America!!
 

tank

EOG Dedicated
#8
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Barack Hussein Tank's state spends twice as much as it takes in. They are goners.

I can't wait for the Kenyan's corrupt Chicago mobsters to come begging him for another bailout and the Republicans give him the finger. :+excited-
Well golly Gomer didn't you and Goober tout ever stop to think about who is going to pay off those wars and tax breaks?
Republicans will only say they are not going to take them but then turn around and grab as much as they can just like last time.How soon the sheep forget.
 
#9
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

will they give texas the finger too? the most anti-union rightwing state in the union needs a bailout too!
Not a chance. Unlike most blue states, Texas is self-sufficient. They refused stimulus money last year, so they most certainly won't be begging Washington for a handout.

Also, unemployment in Texas is lowest in the country -- less than 8%.

Man, why can't the whole country be like Texas!
 

tank

EOG Dedicated
#10
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

DUHHHHHH!!!!Golly I wonder why the blue states are hurting when they are carrying the uneducated welfare red states.Let these dumbass hicks go bankrupt instead of making all the blue states go broke because of these uneducated welfare slaves to corporate America.Idiots!!

Red States Feed at Federal Trough, Blue States Supply the Feed


The Tax Foundation has released a fascinating report showing which states benefit from federal tax and spending policies, and which states foot the bill.
The report shows that of the 32 states (and the District of Columbia) that are "winners" -- receiving more in federal spending than they pay in federal taxes -- 76% are Red States that voted for George Bush in 2000. Indeed, 17 of the 20 (85%) states receiving the most federal spending per dollar of federal taxes paid are Red States. Here are the Top 10 states that feed at the federal trough (with Red States highlighted in bold):

States Receiving Most in Federal Spending Per Dollar of Federal Taxes Paid:
1. D.C. ($6.17)
2. North Dakota ($2.03)
3. New Mexico ($1.89)
4. Mississippi ($1.84)
5. Alaska ($1.82)
6. West Virginia ($1.74)
7. Montana ($1.64)
8. Alabama ($1.61)
9. South Dakota ($1.59)
10. Arkansas ($1.53)​
In contrast, of the 16 states that are "losers" -- receiving less in federal spending than they pay in federal taxes -- 69% are Blue States that voted for Al Gore in 2000. Indeed, 11 of the 14 (79%) of the states receiving the least federal spending per dollar of federal taxes paid are Blue States. Here are the Top 10 states that supply feed for the federal trough (with Blue States highlighted in bold):
States Receiving Least in Federal Spending Per Dollar of Federal Taxes Paid:
1. New Jersey ($0.62)
2. Connecticut ($0.64)
3. New Hampshire ($0.68)
4. Nevada ($0.73)
5. Illinois ($0.77)
6. Minnesota ($0.77)
7. Colorado ($0.79)
8. Massachusetts ($0.79)
9. California ($0.81)
10. New York ($0.81)​
 

tank

EOG Dedicated
#11
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Not a chance. Unlike most blue states, Texas is self-sufficient. They refused stimulus money last year, so they most certainly won't be begging Washington for a handout.

Also, unemployment in Texas is lowest in the country -- less than 8%.

Man, why can't the whole country be like Texas!
You are so out of touch with reality it is scary!!That cold tundra up there in Canada must effect the brain!1

http://hubpages.com/hub/Texas-Gover...s-to-acknowledge-acceptance-of-stimulus-funds
With the outcry over the abuse of stimulus money by President Obama, Texas Govenor Rick Perry brags about how "he" rejected the offer of aid from the Feds. This is a outright lie. Texas did need and recieve the money to cover shortfalls we have and did take aid, readily and rightfully. In my opinion , Governor Rick Perry lives in his own little world called Texas. He lies about taking federal aid, he takes the life of innocent people whom he executes discarding any recommendedations or reports showing their innocence.
His words are now hollow and unbelievable, he has made Texas top of the list for his swift executions and disregard for anyone who does not agree with his agenda. His firing of the forensic panel members is a disgrace . Every move he makes is either stupid or plain lies.
And now we find out that even while denying accepting the stimulus money, he has made plans to spend millions of it to restore the Govenors Mansion because there is no money to do it otherwise.
Well maybe he won't be there long enough to enjoy it. Better than the denial of receiving the money , he should have just said he thought it was a home improvement loan.
 
#12
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

DUHHHHHH!!!!Golly I wonder why the blue states are hurting when they are carrying the uneducated welfare red states.Let these dumbass hicks go bankrupt instead of making all the blue states go broke because of these uneducated welfare slaves to corporate America.Idiots!!
Your corrupt, bankrupt socialist hell hole spends more than double what it takes in and you want to blame the "welfare red states"?

Now that's funny!

 
#13
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

You are so out of touch with reality it is scary!!That cold tundra up there in Canada must effect the brain!1

http://hubpages.com/hub/Texas-Gover...s-to-acknowledge-acceptance-of-stimulus-funds
With the outcry over the abuse of stimulus money by President Obama, Texas Govenor Rick Perry brags about how "he" rejected the offer of aid from the Feds. This is a outright lie. Texas did need and recieve the money to cover shortfalls we have and did take aid, readily and rightfully. In my opinion , Governor Rick Perry lives in his own little world called Texas. He lies about taking federal aid, he takes the life of innocent people whom he executes discarding any recommendedations or reports showing their innocence.
His words are now hollow and unbelievable, he has made Texas top of the list for his swift executions and disregard for anyone who does not agree with his agenda. His firing of the forensic panel members is a disgrace . Every move he makes is either stupid or plain lies.
And now we find out that even while denying accepting the stimulus money, he has made plans to spend millions of it to restore the Govenors Mansion because there is no money to do it otherwise.
Well maybe he won't be there long enough to enjoy it. Better than the denial of receiving the money , he should have just said he thought it was a home improvement loan.
"Hub pages"

Like anyone cares what some envious loser 'progressive' underwear blogger thinks.

 

tank

EOG Dedicated
#15
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Your corrupt, bankrupt socialist hell hole spends more than double what it takes in and you want to blame the "welfare red states"?

Now that's funny!

Well it is common sense so I figured you was to stupid to understand.
You see Markie when states like New Jersey are sending a dollar to the federal government and only getting .62 back then that is going to create a shortfall.[Have I lost you yet or are you still following here] And then when states like Alaska that your welfare queen hero Sarah hail from send a dollar but they get $ 1.82 back then that creates a shortfall while welfare states like Alaska make out on it. I really do not know why I waste my time with an idiot like you so maybe you can go here www.retards are us.com and work your way up.
 
#16
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

http://thehill.com/blogs/pundits-blog/economy-a-budget/105855-texas-is-booming-new-york-not-so-much

Texas is booming; New York, not so much

By Bernie Quigley - 06/28/10 09:53 AM ET
<input id="fm-c-and-w-article" value="105855" type="hidden"> <input id="fm-c-and-w-start" value="" type="hidden">
The recession and housing slump have ended booming growth for many cities in the Sun Belt, USA Today reported last week, while some older urban centers and places with diversified economies are enjoying healthy gains, current Census estimates show.

This should be considered in light of Paul Krugman?s essay today in The New York Times, titled "The Third Depression." It is a better name than the ?Great Recession,? which doesn?t make any sense, and something better to call it than the ?greatest depression since the Great Depression.?

The Third Depression returns earlier to the Long Depression, an economic slump in the late Victorian era, which was called the Great Depression until the Great Depression. This should verify my claim that the Obama Democrats and Krugman in particular are locked in a cultural time warp asking devotedly every morning, What would Roosevelt do (WWRD?). Exactly as the political establishment of the South was until the 1940s, parallelized by cultural homage to the Confederacy, which crippled them economically, while the South at large was yearning to move on. To paraphrase the Divine Miss M, when it's 3 a.m. in L.A., it's still 1933 in New York.

A better approach comes from Robert J. Samuelson in today?s Washington Post. ?There's a great deal economists don't understand,? he writes. And quoting Keynes, he says that practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.

To the layman, the refreshing thing about Keynes's writing is that he often includes himself among the gods who fail. Earlier, Samuelson has advised economists to study history.

Texas cities are emerging as the growth leaders, according to the July 1, 2009, estimates. Four of the 10 fastest-growing ? including No. 1 Frisco ? and 11 of the top 25 cities that have populations above 100,000 are in Texas.

The country today is fully formed. The regions, from Texas to the Pacific Northwest, have their own unique personalities, as Jefferson said they would in time. And when that time came, he said, the kind of global overview Krugman today proposes would be overbearing, inhibiting, even totalitarian.

Texas Gov. Rick Perry advocates instead a competition between states and regions as a relevant approach to the times.

In a recent interview with Hot Air and conservative blogger Melissa Clouthier, he said, ?States that have good polices ? those are going to be the states that people are going to move to,? and pointed out that Texas is among the fastest-growing states for good reason: ?That?s the place where there?s more liberty, more freedom, than any other state.?

More Fortune 500 companies call Texas home than any other state, said Perry. He pointed out that Bobby Jindal is trying to put Louisiana in position to knock Texas off the throne, and Haley Barbour is doing the same in Mississippi. What he wants is a federal government that stops strangling innovation and success with top-down measures that take all the money and leave states in a completely subservient ? and ultimately redundant and obsolete ? position.

Perry emphasized the need to keep competition between the states as laboratories for policy, ?so that if somebody in CA comes up with a healthcare plan that doesn?t work ? is a debacle ? it doesn?t destroy the entire country.?

:thumbsup
 

tank

EOG Dedicated
#17
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

"Hub pages"

Like anyone cares what some envious loser 'progressive' underwear blogger thinks.

But as long as it is a Fascist blogger like you always use then it is credible right??
 
#19
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Well it is common sense so I figured you was to stupid to understand.
You see Markie when states like New Jersey are sending a dollar to the federal government and only getting .62 back then that is going to create a shortfall.[Have I lost you yet or are you still following here] And then when states like Alaska that your welfare queen hero Sarah hail from send a dollar but they get $ 1.82 back then that creates a shortfall while welfare states like Alaska make out on it. I really do not know why I waste my time with an idiot like you so maybe you can go here www.retards are us.com and work your way up.
Blah, blah....post a CREDIBLE source that backs up your 'progressive' whining and jealousy. I ain't buyin' your bullshit talking points anymore, and nobody else is either. Even 60 Minutes thinks you're full of crap and admits the jig is up. Why can't you?

Bottom line: clean up your fucking state and quit asking the rest of us to bail your sorry crybaby union ass out!

Oh, and the only 'Markie' I know is your RINO butt-buddy who just sodomized the military. 2938u4ji23
 

tank

EOG Dedicated
#20
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Blah, blah....post a CREDIBLE source that backs up your 'progressive' whining and jealousy. I ain't buyin' your bullshit talking points anymore, and nobody else is either. Even 60 Minutes thinks you're full of crap and admits the jig is up. Why can't you?

Bottom line: clean up your fucking state and quit asking the rest of us to bail your sorry crybaby union ass out!

Oh, and the only 'Markie' I know is your RINO butt-buddy who just sodomized the military. 2938u4ji23
:LMAOSo now the Tax Foundation is not credible??:LMAO:LMAO:LMAO
Since they expose you as a lying dumbass they are not credible??:LMAOThey have proved without a doubt how the blue states are getting shortchanged with tax receipts and even you are going to be dumb enough to doubt this??:LMAOI never thought you could go any lower on my stupid meter but you have went down even lower today!!!Good job stupid!!
 

tank

EOG Dedicated
#21
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

B
Oh, and the only 'Markie' I know is . 2938u4ji23
Of course your real name is Freddy right?

Listen to mommy for once huh dipshit?
 
#22
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

:LMAOSo now the Tax Foundation is not credible??:LMAO:LMAO:LMAO
Since they expose you as a lying dumbass they are not credible??:LMAOThey have proved without a doubt how the blue states are getting shortchanged with tax receipts and even you are going to be dumb enough to doubt this??:LMAOI never thought you could go any lower on my stupid meter but you have went down even lower today!!!Good job stupid!!
You didn't post a "tax foundation" link, fraud, you posted a PROGRESSIVE CUT AND PASTE BLOG MANIPULATING data....cause you're too stupid and lazy (hmm, a union hack stupid and lazy...wow...never seen that before!) to do your own homework.

Like I said, take responsibility for your corrupt socialist hell hole bleeding red ink and leave the rest of us alone!

 

tank

EOG Dedicated
#23
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

You didn't post a "tax foundation" link, fraud, you posted a PROGRESSIVE CUT AND PASTE BLOG MANIPULATING data....cause you're too stupid and lazy (hmm, a union hack stupid and lazy..sound familiar?) to do your own homework.

Like I said, take responsibility for your corrupt socialist hell hole bleeding red ink and leave the rest of us alone!

[ig]
:LMAOClick on the red tab that says TAX FOUNDATION and see where it takes you!!:LMAOOh geeze it takes me to the tax foundation!!:LMAO
God you are the dumbest person I have ever seen.Seriously does your Mommy still balance your checkbook??Are you really this stupid that you cannot see why the blue states are running short on money when this is happening .Tell me you are not this stupid because if you are I will have some mercy on slow people like you.
 
#25
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

I did click on the link, FRAUD, and it takes the user to their homepage. Did you? Noooooooo. That's right, FRAUD, no "Red states bleeding the blue states" BS anywhere on that website. Nice try, scammer. 2938u4ji23

Honestly, anyone who passes off your 'debating' as intellectual discourse needs a lobotomy. Or, they could always join your union and earn middle-management pay for student labor, just like you. :+textinb3
 
#26
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Not a chance. Unlike most blue states, Texas is self-sufficient.
Nonsense.

The state of Texas has accepted- and will continue to accept tens of billions of dollars in federal money every year for at least the past quarter century, in pretty much exact proportion to their population in relation to the rest of the USA.
 
#27
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Like I always say, the dumbest people on the planet believe they are the "smart ones" and everyone else is an idiot.

The crybaby union hack demonstrates the truism each and every day.
 
#28
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Just another day of Msr Lanquel throwing his feces at the bars of his cage while doing Life in Cyber Purgatory

Solid
 
#29
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

holy cow.....JoeyC apparently was permitted to take a short trip down my way to Key West at some point recently

 
#30
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

holy cow.....JoeyC apparently was permitted to take a short trip down my way to Key West at some point recently

Yeah, and guess who supports those haters? Your old pals at the ACLU. 2938u4ji23
 
#31
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)



Regardless of this red herring "blue state vs red state" BS...

 

tank

EOG Dedicated
#32
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

I did click on the link, FRAUD, and it takes the user to their homepage. Did you? Noooooooo. That's right, FRAUD, no "Red states bleeding the blue states" BS anywhere on that website. Nice try, scammer. 2938u4ji23

Honestly, anyone who passes off your 'debating' as intellectual discourse needs a lobotomy. Or, they could always join your union and earn middle-management pay for student labor, just like you. :+textinb3
:LMAOIt is an archived piece.Remember when I used it to make you look stupid on this very subject last time??:LMAOEvidently not!!What do you expect with a retard like you though!Yeah Joe it takes you to the Tax Foundation so it has to be plagiarized and false.:LMAOGod you are really showing how stupid you really are.Great job!
 
#33
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

:LMAOIt is an archived piece.Remember when I used it to make you look stupid on this very subject last time??:LMAOEvidently not!!What do you expect with a retard like you though!Yeah Joe it takes you to the Tax Foundation so it has to be plagiarized and false.:LMAOGod you are really showing how stupid you really are.Great job!
Then post the original source. Why the 'progressive' underwear blogger BS?

Fraud. lol
 

tank

EOG Dedicated
#34
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)



Regardless of this red herring "blue state vs red state" BS...

Wow thanks for posting some common sense here from Moody's!!Now where does this show how much they are paying in to the federal government and how much are they getting back?Stay focused Freddy!!Remember what Mom said.Now focus!!
 

tank

EOG Dedicated
#35
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

Then post the original source. Why the 'progressive' underwear blogger BS?

Fraud. lol
God you are beyond stupid.It was posted by the Tax Foundation and that is the original source .It is now archived but if you are really this stupid to think that it did not come from them when it is taking you to their website then you are beyond dumb!!Really you cannot be this stupid are you??Do you really think it would direct you to their site if it was not from them??Beyond stupid!!
 
#36
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

God you are beyond stupid.It was posted by the Tax Foundation and that is the original source .It is now archived but if you are really this stupid to think that it did not come from them when it is taking you to their website then you are beyond dumb!!Really you cannot be this stupid are you??Do you really think it would direct you to their site if it was not from them??Beyond stupid!!
You can't find the original link, can ya? It's in "the archives"...uh huh...yeah, sure it is, pal. You'd think your underwear blogger would have linked to the "original source". Instead, all we get is the homepage of the Tax Foundation. And no, you never did post the original data.

As much as I would love to accuse you of being full of shit, I can't do that...because....you're not that smart. You're just a dumb blind sheep who isn't smart enough to do his own homework and therefore falls for the 'progressive' propaganda each and every time.

Underwear blogger = fraud

crybaby union hack = moron

 

tank

EOG Dedicated
#37
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

http://www.taxfoundation.org/research/show/62.html

Federal Tax Burdens and Expenditures by State

by Curtis S. Dubay
Special Report No. 139
Executive Summary
The Tax Foundation?s annual federal tax burden and expenditure study clarifies the geographical patterns of income redistribution that federal tax and spending policies cause each year. The results of the study have been controversial for years because they show that the nation is not only redistributing income from the prosperous to the poor, but from the middle-income residents of high-cost states to the middle-income residents of low-cost states.​
Thanks to a steeply progressive federal income tax, states with higher incomes pay vastly higher federal taxes, payments that are unlikely ever to be matched by federal spending directed to those states. Ironically, most of these high-paying states are the so-called blue states that have generally elected politicians who support a more steeply progressive tax system even though their own constituents bear a greater share of the burden as the code gets more progressive.​
All categories of federal taxes, including income taxes on individuals and businesses, social insurance taxes, excise taxes, estate and gift taxes, customs duties and all other taxes, are tabulated and the total tax burden of each state is determined. This figure is compared to the flow of federal funds back to each state, bringing the two sides of federal fiscal operations together.​
In fiscal year 2004, New Mexico, Alaska, West Virginia, Mississippi and North Dakota received substantially more from the federal government than they paid in taxes, while New Jersey, Connecticut, New Hampshire, Minnesota and Illinois paid much more in taxes than they received in spending. Tax burdens for fiscal year (FY) 2004, which starts October 1, 2003 and ends September 30, 2004, are used in this study because the most recent state-level federal expenditure data released by the Census Bureau, to which the tax burdens are compared, is for FY 2004.​
 

tank

EOG Dedicated
#38
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

http://www.taxfoundation.org/blog/show/1397.html

March 16, 2006
Why Do Some States Feast on Federal Spending, Not Others?

by Andrew Chamberlain
This morning we released our famous annual analysis of federal taxing and spending by state—popularly known as the "giving and receiving states" report. Here's a map from the study, illustrating which states received the most and least federal spending per dollar of tax paid (click to enlarge):

So what explains the distribution of federal taxing and spending? As you can see from the map, states that get the "worst deal"—that is, have the lowest ratio of federal spending to taxes paid—are generally high-income states either on the coasts or with robust urban areas (such as Illinois and Minnesota). Perhaps not coincidentally, these "donor" states also tend to vote for Democrat candidates in national elections. Similarly, many states that get the "best deal" are lower-income states in the mid-west and south with expansive rural areas that tend to vote Republican.
 

tank

EOG Dedicated
#39
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

double post but it doesn't matter since stupid will still not grasp it.
 
#40
Re: 60 Minutes on State Budgets: The Day of Reckoning Has Arrived (No bailouts! Let the blue states, progressives and their fat cat unions eat cake!)

:LMAOIt is an archived piece.Remember when I used it to make you look stupid on this very subject last time??:LMAOEvidently not!!What do you expect with a retard like you though!Yeah Joe it takes you to the Tax Foundation so it has to be plagiarized and false.:LMAOGod you are really showing how stupid you really are.Great job!

Never gets old watching JoeCanadian rant against the world on his heavy manic blue pill days
 
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