Deficits in and of themselves don't mean jack shit. What matters is the cost of servicing the resultant debt. And in the booming Biden economy, that's easy to do.
Deficits in and of themselves don't mean jack shit. What matters is the cost of servicing the resultant debt. And in the booming Biden economy, that's easy to do.
Originally posted by: tom
States & cities with huge deficits
Ca
The biggest challenge facing lawmakers and Gov. Gavin Newsom is the state budget deficit — and it just got bigger. Today, the Legislative Analyst’s Office projected the shortfall as $15 billion higher, or $73 billion.
NYC
The largest US city faces a $5.8 billion deficit in the fiscal year beginning July 1, 2024, or $1.6 billion more than Mayor Eric Adams projected in his April executive budget, the Independent Budget Office said in an analysis.
NYS
The state’s top money manager, Thomas Di Napoli painted a bleak fiscal future for New York in a sobering report released Tuesday, estimating a jaw-dropping budget gap of $36.4 billion by 2027.
Illinois
Gov. JB Pritzker will give his sixth state budget address this week, laying out his plan for a fiscal year that government forecasters in November predicted is on pace for a near-$900 million deficit unless corrective action is taken.
Chicago
Chicago faces a $538 million budget shortfall in 2024, with $200 million of it tied to the migrant crisis, influential alderpersons were told Tuesday
What do all of these cities have in common? Answer = DemocRat controlled and run/ruined.
The states are dependent on having enough revenue/taxes coming in to service the debt. Taxpayers are leaving these states so the revenue pool is shrinking. California is taking in less tax revenue this year than anticipated.
Thus a $70+b deficit
Originally posted by: tom
The states are dependent on having enough revenue/taxes coming in to service the debt. Taxpayers are leaving these states so the revenue pool is shrinking. California is taking in less tax revenue this year than anticipated.
Thus a $70+b deficit
This "deficit will continue as more sane people leave California and the ones who continue to live there and vote DemocRat will see ever esculating and new taxes generated in order to fund the running/ruination of California into the ground. As Forest Gump stated -- "Stupid is as stupid does".
Originally posted by: PJ Stroh
More fun facts.
Blue states pay more in federal taxes than they get back.
Oppositte is true for red states.
Next time you see a bridge get built in Mississippi make sure you thank the taxpayers of California who paid for it.
Liberals are all for the poor being subsidized, just as long as they don't have to pay for it. Just think about the high percentage of Mississippi blacks that KKKevin doesn't want to help.
Originally posted by: PJ Stroh
More fun facts.
Blue states pay more in federal taxes than they get back.
Oppositte is true for red states.
Next time you see a bridge get built in Mississippi make sure you thank the taxpayers of California who paid for it.
Since 2021, California has borrowed $21,000,000,000 from the federal government which they will never be be to pay back. Why do you think they were forced to borrow from Washington?
Originally posted by: Boilerman
Liberals are all for the poor being subsidized, just as long as they don't have to pay for it. Just think about the high percentage of Mississippi blacks that KKKevin doesn't want to help.
Liberals just deal with facts.
The Ayn Rand philospophy of "every adult pays their own way" is the biggest joke in the country. The RED Ayn Rand states take more handouts than the BLUE Nanny States. Thats just data. Sorry if you dont like it.
What do you think would happen to Rand Paul's Kentucky if we took away all the food stamps, medicaid, and welfare?
Originally posted by: Boilerman
Since 2021, California has borrowed $21,000,000,000 from the federal government which they will never be be to pay back. Why do you think they were forced to borrow from Washington?
Maybe the Federal government can give California back all imbalance of their tax dollars per my previous statistic instead of using it to build infrastructue in Sarah Huckabee's trailer park.
Our country's federal deficits and the economys of red states would collapse in the absence of California and other blue states' tax dollars. Thats just data.
Our country's federal deficits and the economys of red states would collapse in the absence of California and other blue states' tax dollars. Thats just data. -- Actually, that is a bald faced lie.
Originally posted by: David Miller
What do all of these cities have in common? Answer = DemocRat controlled and run/ruined.
Three of the five entities listed were STATES, moron.
