| Author |
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Xdigitalx
| | Posted on Friday, August 24, 2012 - 04:30 am: | 
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Tax professional sports teams.....ALOT.... without increasing ticket prices....  |
Mr_grumpy
| | Posted on Friday, August 24, 2012 - 04:32 am: |
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What happens WHEN California, as a state, goes bankrupt?
Have a look at Greece, you'll get the idea. |
Kenm123t
| | Posted on Friday, August 24, 2012 - 09:07 am: |
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Grumpy Cali is a bigger problem I need to check but I think Cali's economy is bigger than Greece |
Aussie2126
| | Posted on Friday, August 24, 2012 - 09:43 am: |
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"What happens WHEN California, as a state, goes bankrupt?
Do you believe the Federal government will attempt to sure up California?
Where will those funds come from? States that are solvent, have kept their house in order and NOT gone the way of California?
What happens when these solvent states refuse to buy California out of its troubles?"
From the Chattanooga Times Free Press,
"All in all, Uncle Sam coughed up $68.54 billion in Tennessee during fiscal 2009, according to the report.
That was $10,886.77 for each man, woman and child that year, ranking Tennessee high in terms of federal per capita spending.
Over the years, Tennessee has been among 30 or more "beneficiary states" that get back more money from the federal government than they send in taxes.
In fiscal 2005, Tennesseans got $1.27 back from Washington for every dollar sent in by residents or Tennessee-based companies and groups, according to a study by the Washington-based Tax Foundation. All told, Tennessee sent in $35.87 billion that year and got back $48.28 billion in return, the study says."
Why not bail out California, we have been carrying Tennessee for decades.
} |
Sifo
| | Posted on Friday, August 24, 2012 - 10:37 am: |
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Why not bail out California, we have been carrying Tennessee for decades.
TN is actually fairly close to sustaining itself. Take a look at the table here... http://en.wikipedia.org/wiki/Federal_taxation_and_ spending_by_state#Table_of_Federal_Taxation_and_Sp ending_by_State The column "Net Contribution Per Capita" is the difference of revenue and spending per capita (as of 2007). TN is only at $-603 per capita. Take a look at the District of Columbia though and you find $-39,234!
This shouldn't be a case of justifying bad behavior by point to bad behavior. This should be a case of is this sort of thing justifiable. |
Aussie2126
| | Posted on Friday, August 24, 2012 - 10:49 am: |
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The District of Columbia is not a state - caries the White House and a ton of national monuments and so on...
Just saying, people in glass houses... |
Aussie2126
| | Posted on Friday, August 24, 2012 - 10:54 am: |
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California is +$1466 and Tennessee is -603, who is bailing out who? |
Mr_grumpy
| | Posted on Friday, August 24, 2012 - 10:57 am: |
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Ken you're probably right about the scale, but the problem is similar.
Can the governing power afford to let part of the system collapse in the hope that it won't pull down the whole house of cards?
I think the Fed will reach the same conclusion as the EU did, they can't afford to take that chance, at the moment. |
Ft_bstrd
| | Posted on Friday, August 24, 2012 - 11:02 am: |
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That's $356B at $9,360 x 38M residents. You guys aren't carrying anyone.
Stop Digging. |
Sifo
| | Posted on Friday, August 24, 2012 - 11:16 am: |
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California is +$1466 and Tennessee is -603, who is bailing out who?
I did point out that data was from 2007. I think CA has been floundering lately. I really don't care much where any particular state ranks. I'm more interested in the question of is it right. For the most part, I'm willing to bet the answer is no. The federal government is doing all kinds of spending that they shouldn't be involved in. This allows them to gain power where they have no authority. Just as an example, it is put upon the state to run their school system. The federal government has no say in what the state does; Until the state takes federal money. Suddenly the state must bend to federal wishes if they want to get federal money for their schools. It would be easy to say no to the federal cash if saying no allowed you to avoid the taxation involved, but it just doesn't work that way. So the federal government has gamed the system to take people money, and offer it back to them, on the condition that they bend to the governments will. That's simply corrupt. |
Ft_bstrd
| | Posted on Friday, August 24, 2012 - 11:19 am: |
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While TN gets slightly more than California, California isn't going without nor is it "carrying" anyone.
Texas is, though (as are several other states).
Part of the reason TN's Federal grant rate is so high is that TN, thanks to Ned McWherter, Al Gore, and Hillary Clinton, "beneficiaries" of TennCare subsidies. TennCare has nearly bankrupted the state twice.
In order to keep the single payor healthcare experiment going, the Federal Government has to continue to pump money into the program. Latest estimates are that TN will receive $11B for TennCare alone. |
Strokizator
| | Posted on Friday, August 24, 2012 - 12:02 pm: |
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I live smack dab in the middle of California. 15% local unemployment rate for going on 5 years now. Stockton, San Bernardino and Mammoth Lakes all bankrupt with many more, including Fresno, not far behind.
The state government is entirely controlled by the democrats to the point that republicans are statistically irrelevant. Pension liabilities are a millstone around the necks of the taxpayers - not that many are paying taxes, we have 10% of the population of the US and 30% of the welfare cases. The greens want to shut down agriculture ostensibly to protect a stinking non-native minnow and I don't know where they think their food will come from. The place is falling apart and governor Moon-Beam is buying a f'ing toy train to the tune of $100 billion.
I don't know how this thread degenerated into this but I needed to get that off my chest.
If things don't change in November I'm closing down, selling my assets and heading someplace more sane (Texas is too hot). |
Ft_bstrd
| | Posted on Friday, August 24, 2012 - 12:24 pm: |
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Strok,
Come to TN. Leave California in California.
30.5% of ALL mortgages in CA are under water.
Why would a resident of a state that is slowly dying stay and be left holding the bag?
(See Michigan)
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Reepicheep
| | Posted on Friday, August 24, 2012 - 12:46 pm: |
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Huh, so Ohio is carrying *you* huh?
Hrrmph. |
Aussie2126
| | Posted on Friday, August 24, 2012 - 01:06 pm: |
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Actually, from Sifo's link to wiki -- no. Wisconsin ranks 16th at +1000 and Ohio is 19th at +$49th.
But then, I wasn't bitchin about it |
Reepicheep
| | Posted on Friday, August 24, 2012 - 02:24 pm: |
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I was looking at Ft.'s chart. |
Aesquire
| | Posted on Saturday, August 25, 2012 - 06:51 pm: |
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I have to ask, how is a Judge that wants to raise taxes for more lawyers, just in case his area is attacked by UN troops, terrorists/Godzilla, etc. different than a President who wanted ( and got ) the power to arrest, detain, indefinitely, any person who he thinks might be a "terrorist"? Just in case.
Almost, the same scenario is used as an excuse for power on both men's part.
Who's more off base?
Should both be "instantly removed"?
Keep in mind that any suggestion that the President of the US be removed from office by means other than election or impeachment, MAY be grounds to be considered a threat.
Never, ever threaten. It's wrong, it's dumb, and it can get you in more trouble than you want to know.
Never ever threaten the President. There are laws. The SS is Serious About That. ( and the SS is under Big Sis, now. ) |
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