Posted on 09/29/2019 12:32:21 PM PDT by RomanSoldier19
Forty U.S. states do not have enough money to pay all their bills primarily due to significant unfunded pensions or Other-Post-Employment Benefits (OPEB). Truth in Accounting (TIA), a nonpartisan, not-for-profit has been monitoring the financial health of states for a decade in order to educate taxpayers about the financial health of their states today released its tenth annual Financial State of the States.
(Excerpt) Read more at forbes.com ...
Apparently around 10 states do:
https://www.zerohedge.com/personal-finance/debt-bombs-here-are-states-most-debt
... Proverbs 22:7 (NIV), “The rich rule over the poor, and the borrower is slave to the lender.”
Consign to memory as truism
most states are locked into a cycle.
They approve unions.
Unions charge fees to bribe politicians who approve their pay and bennies.
The pols they bribe approve higher benefits and pay
When the employees get more, the union takes more fees and increases the bribes.
Rinse and repeat
here is another one A union gets the public agency to tie their pay to the 3 largest in the state So Anaheim gets the average between LAPD, LASO and SFPD. When any of them get raise, Anaheim gets a raise. How do they justify it? We have to keep up, so our recruits won’t go to LA, as if they would.
Sorry but Cooper ain’t better. He is a sanctuary city supporter and hates Ice. Carol Swain would have been a great choice, but came in 3rd for the run off.
What might happen is economic collapse, causing...
Medicare/Medicaid/Social Security/EBT/ADC to be defunded
Transportation system breaks down, as oil supplies crash
causing widespread starvation in population centers
after the chaos, the useless eaters will be gone
including us retired “old people” /sarc (i think)
Society is in a Gordian Knot of debt and dependency
untying this puzzle will cause mass trauma and death, it is unavoidable.
Two and a half million unelected impossible to fire Federal employees with gold plated benefits... this is the Deep state
Look! no tattoos...
Currently Wisconsin has over a $600 million surplus, but the chart says it does not. Who’s right - the State or the people who made the chart?
You want to really pissed off a public porcine? Tell them they don’t pay for anything - you do. You pay for their cars, house, their kids education, etc.
Getting to be a rarity.
When it comes to the subject of Nashville becoming a ‘Sanctuary City,’ Cooper was quite clear in his response.
“Nashville cannot and will not be a Sanctuary City.”
Cooper said immigration is fundamentally a federal issue, “We are a creature of the state of so many ways.”
He claimed a Sanctuary City is not obeying criminal judicial warrants.
“Well of course, that’s not going to be the case in Nashville.”
American Retirees In Mexico Say Their Life Savings Totaling $7 Million Vanished From A Mexican Bank
Not sure if the surplus is fot the year and they have overall debt? we are screwed not sure how to paint it any way differently
Unless the idea is to pay off debt with inflated cash like soviets did till well
No. Wisconsin is debt free or was before Tony Evers took over the governor’s slot. Pensions are fully funded. There is no overall debt as far as I know.
100%!!!
and neither can the federal government pay its debts
so we are fated for continued currency depreciation (for as long as the feds can get away with it, anyway)
I think the implication is that they don’t have enough money to pay off state pensions.
Those bills don’t come due for years, so yes, they could be running a current surplus, but won’t be able to pay their state pensions.
OK so post 56 contradicts that assertion.
Hmm...I don’t know then. There were claims that Bill Clinton balanced the budget, but when I looked at the World Almanac, it didn’t look like it.
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