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To: 1010RD
“but what will their fiscal health be if oil revenues falter?”

Well, let's say ND goes the way of Wisconsin and rids itself of compulsory government union membership, which BTW:

“The state has a low rate of private-sector union
membership at 4.3 percent, and a public-sector unionization
rate of 17.4 percent.”

I think they would do very well in the long term. There aren't many who move to North Dakota that don't have something to offer, except maybe the 3 biggest cities.

If not burdened with a high maintenance citizenry, investment and development should continue, just not at a helter skelter pace, which would be good.

My opinion.

7 posted on 06/12/2012 1:41:33 AM PDT by Puckster
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To: Puckster

My experience is that once government gets a surplus someone always will find a way to spend it. The reason so few Americans are wealthy isn’t because it is hard to earn enough to be wealth, but because it is so very, very easy to spend too much.


8 posted on 06/12/2012 1:54:35 AM PDT by 1010RD (First, Do No Harm)
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To: Puckster
North Dakota is so cold though, that a person's assets could be frozen if they live there☺
15 posted on 06/12/2012 3:16:58 AM PDT by Quickgun (Second Amendment. The only one you can put your hands on.)
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To: Puckster

North Dakota already is a “right to work” state, and has been for decades.

The oil money has already been dedicated for other purposes, and is desperately needed for infrastructure, housing for all the new hires.

The measure only requires the state legislature to pay money back to the political subdivisions for “required” expenses. Certain local costs, such as snow removal, etc., are NOT considered “required” legal costs that the state has to fund.

And, contrary to other parts of the country, public sector wages and pensions in ND are at or below private sector wages. The oil boom has made pay, especially in western ND, skyrocket.


70 posted on 06/12/2012 11:20:27 AM PDT by alwaysconservative (If you're not outraged, you're not paying attention.)
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