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Forty States In The U.S. Do Not Have Enough Money To Pay Their Bills
forbes ^ | Sep 24, 2019, | Mayra Rodriguez Valladares

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 ...


TOPICS: News/Current Events
KEYWORDS: debt; pensions; statedebt; stateslist; war
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To: Don Corleone

Apparently around 10 states do:

https://www.zerohedge.com/personal-finance/debt-bombs-here-are-states-most-debt


41 posted on 09/29/2019 1:43:43 PM PDT by Drago
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To: redlegplanner

... Proverbs 22:7 (NIV), “The rich rule over the poor, and the borrower is slave to the lender.”

Consign to memory as truism


42 posted on 09/29/2019 1:43:54 PM PDT by HangnJudge
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To: Presbyterian Reporter

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


43 posted on 09/29/2019 1:45:39 PM PDT by morphing libertarian ( Use Comey's Report, Indict Hillary now; build Kate's wall. --- Proud Smelly Walmart Deplorable)
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To: morphing libertarian

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.


44 posted on 09/29/2019 1:49:09 PM PDT by morphing libertarian ( Use Comey's Report, Indict Hillary now; build Kate's wall. --- Proud Smelly Walmart Deplorable)
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To: DOC44

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.


45 posted on 09/29/2019 1:51:25 PM PDT by Bommer (2020 - Vote all incumbent congressmen and senators out! VOTE THE BUMS OUT!!!)
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To: Veto!

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.


46 posted on 09/29/2019 1:55:56 PM PDT by HangnJudge
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To: RomanSoldier19

Two and a half million unelected impossible to fire Federal employees with gold plated benefits... this is the Deep state


47 posted on 09/29/2019 2:01:08 PM PDT by northislander
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To: Bonemaker

Look! no tattoos...


48 posted on 09/29/2019 2:02:38 PM PDT by northislander
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To: RomanSoldier19

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?


49 posted on 09/29/2019 2:05:53 PM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: RomanSoldier19
Funny how 9 of the 10 that are in decent shape are either solid Republican or lean that way.
50 posted on 09/29/2019 2:13:58 PM PDT by Gay State Conservative (A joke: Brennan,Comey and Lynch walk into a Barr...)
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To: Chode

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.


51 posted on 09/29/2019 2:17:04 PM PDT by raybbr (The left is a poison on society. There is no antidote. Running its course will be painful. You)
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To: northislander

Getting to be a rarity.


52 posted on 09/29/2019 2:26:09 PM PDT by wally_bert (Hola. Me llamo Inspector Carlton Lassiter. Me gusta queso.)
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To: Bommer

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.”

https://fox17.com/news/local/mayor-elect-john-cooper-nashville-cannot-and-will-not-be-a-sanctuary-city


53 posted on 09/29/2019 2:33:54 PM PDT by DOC44
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To: moovova
Not so fast there....

American Retirees In Mexico Say Their Life Savings Totaling $7 Million Vanished From A Mexican Bank

54 posted on 09/29/2019 2:48:11 PM PDT by HotHunt (Been there. Done that.)
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To: PIF

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


55 posted on 09/29/2019 2:53:25 PM PDT by RomanSoldier19 (Game over, man! Game over!)
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To: RomanSoldier19

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.


56 posted on 09/29/2019 2:59:46 PM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: raybbr

100%!!!


57 posted on 09/29/2019 3:01:20 PM PDT by Chode (Send bachelors, and come heavily armed!)
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To: RomanSoldier19

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)


58 posted on 09/29/2019 3:05:44 PM PDT by faithhopecharity ( “Politicians are not , born; they are excreted.” Marcus Tullius Cicero (106 to 43 BCE))
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To: PIF

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.


59 posted on 09/29/2019 3:06:07 PM PDT by scrabblehack
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To: scrabblehack

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.


60 posted on 09/29/2019 3:08:54 PM PDT by scrabblehack
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