Posted on 08/02/2018 7:51:54 AM PDT by SeekAndFind
Having grown up in New Jersey, you understand that Democrats are a tax and spend party and even liberals in the state understand it. The Garden State is a case study in mass exodus; it’s just too expensive to live there anymore. Are there signs that the Democrats get it? Maybe—the heavily Democratic legislature in Trenton had to tell Governor Phil Murphy that his tax increase agenda was more or less not going to happen. Taxes still went up, but it was not the insane proposal the governor’s office had pushed. Still, I doubt Demorats in these states will find rational solution to their fiscal woes. After decades of irresponsibility, these states are approaching a day of reckoning. It's the usual blue state madness crew: New Jersey, New York, Illinois, and California. For some, pension payments are a struggle (via Fox Business):
Connecticut may be the richest state in the country, on a per capita basis, but it's racked up a sizable debt worth more than $53 billion – and it could be taxpayers who are forced to bail out the Constitution State, according to the former governor of Indiana.
“Someone’s going to the barbershop,” Mitch Daniels, a Republican, said during an interview with FOX Business’ Stuart Varney on Thursday. “The first will be the taxpayers, already beleaguered in some of these states.”
And Connecticut isn’t the only state struggling with a debt crisis: California, Illinois, New Jersey and New York are unable to make pension payments to retired government workers.
In Illinois, for instance, vendors wait months to be paid by a government that’s $30 billion in debt, and one whose bonds are just one notch above junk bond status, according to Daniels. New York’s more than $356 billion in debt; New Jersey more than $104 billion; and California more than $428 billion.
My suggestion: if you live in these states, run!
Mannnn
I am so very tired of n.y. And jersey folks coming to Florida and telling how “every dam thing is better” from whatever crap hole they fled
“When these states go bankrupt, they should revert to territorial status and lose their Senators, Representatives, and Electoral Votes.”
Bears repeating!
Best idea I’ve seen yet.
Agree, we have 2 Bostonians running for governor. They should just go back to Taxachusetts and leave us alone. The are running on platforms like every socialist.
I don’t know. I think that might be the day violent revolution begins. Politicians might think they can do anything they want, but there is a point at which the people say “no.”
We are still in a court mandated death spiral.
Visiting our kids in the quiet cute western suburbs of Chicago right now. Surprised by the number of homes for sale.
“YES! These yankees come down South to escape the insanity, then turn around and demand we elect commies and socialists like they had up there”
I live in New York. The town I live in was almost all Conservative when I move in. We had low taxes, excellent streets good town services, and everything anyone would want. Then liberals started moving in because our tax base was low and our town services were great. That was 25 years ago. Now they have ruined things. Our taxes crept up, our town services aren’t as good, the roads now need repair. Basically, they brought all their socialist crap and baggage with them.
I hear that crap everyday from NE libs. Disgusting people.
Yep...time to start demanding these politicians, who continued this fraud, to pay for this out of their own pockets. They created it...time for them to pay up.
Same thing here in NC. They are like a hemorrhoid when they come down and go back up...no problem. When they come down and stay down...you have a problem...
And you can't eat outside because hardly any restaurant has misters to keep you cool while you eat in the patio.
Big complaint from CA transfers - THERE IS NO OCEAN FOR YOU TO REFERENCE YOUR LIFE - NO OCEAN!!
Things are pretty bad in Idaho, too. People move in and then just disappear over the winter. Snow sharks.
I have a friend who works for a major house builder in Dallas and she boldly asks the clients if they are conservative or liberal, because most of the people moving in are from out of state. They almost always answer her that they are conservative and they like Trump. She answers them, “Well, that’s good, we will let you in.”
We need to pass a national law that state debts will not be bailed out by the federal govt - under any circumstances.
You KNOW they are going to try to soak the taxpayers in other states once they bleed their own taxpayers dry. It will be just like the auto manufacturers who swore up and down for years that they would never ask for a bailout.
Being a native Floridian and living in NC now, believe me I see it. Fortunately, we’ve mostly been able to outvote them so far but Rats fleeing northern sinking states continue to flood into Southern states having not learned one damn thing of the wreck they made of their own native states.
You can’t hide.....those states will demand a bail-out...from all of us.
15% of retirees? That’s nothing! (/s)
Look what happened when ONE MAN (David Tepper, NJ’s wealthiest resident) moved from NJ to FL:
“As Bloomberg reports, the decision by billionaire hedge-fund manager David Tepper to quit New Jersey for tax-friendly Florida has put the Garden State in fiscal peril, and could complicate estimates of how much tax money the struggling state will collect, the head of the Legislature’s nonpartisan research branch warned lawmakers.
That’s right: one person can make or break the precarious fiscal balance of New Jersey.
According to Bloomberg, Tepper, 58, registered to vote in Florida in October, listing a Miami Beach condominium as his permanent address, and in December filed a court document declaring that he is now a resident of the state. On Jan. 1, he relocated his Appaloosa Management from New Jersey to Florida, which is free of personal-income and estate taxes.
His move has put NJ state official in a state of near panic.
“We may be facing an unusual degree of income-tax forecast risk,” Frank Haines, budget and finance officer with the Office of Legislative Services told a Senate committee Tuesday in Trenton.
The reason for the panic is that New Jersey relies on personal income taxes for about 40% of its revenue, and less than 1 percent of taxpayers contribute about a third of those collections, according to the legislative services office. A one percent forecasting error in the income-tax estimate can mean a $140 million gap, Haines said.”
I live in neighboring NJ, and I don’t see any way out of this mess. I remember after the bank bailout both the governor of NY and mayor of NYC wanted the bailed-out banks to pay bonuses to their executives because both the state and city were dependent on the tax revenues from those bonuses (earned or not). They both admitted the bonuses weren’t merited, and openly stated they didn’t care; they had no problem transferring taxpayer bailout money to the grifters so the political grifters could get their cut.
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