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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: RomanSoldier19

Good! Government is too big, and that will eventually solve the problem.


61 posted on 09/29/2019 3:09:23 PM PDT by familyop ("Welcome to Costco. I love you." - -Costco greeter in the movie, "Idiocracy")
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To: familyop

You are right just not sure what happens with 300 million people foraging in forests ; so many deers to chump on


62 posted on 09/29/2019 3:11:34 PM PDT by RomanSoldier19 (Game over, man! Game over!)
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To: PIF

Sorry that sounds so shocking; I’m sitting down and sober ; it sounds awesome ; glad someone is free ;


63 posted on 09/29/2019 3:14:00 PM PDT by RomanSoldier19 (Game over, man! Game over!)
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To: RomanSoldier19

This can’t be right. John Bel Edwards is running around Louisiana saying he created a $600,000,000 surplus in 4 years! He’s an Obama dem so he can’t be lying. La. is no. 40 on the burden list.


64 posted on 09/29/2019 3:28:21 PM PDT by stuckinloozeeana
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To: citizen; HotHunt

It was a joke. The link I posted went to that very same FR article. I, like Adam Sniff, just made up something more interesting....or, at least outrageous. ;-]


65 posted on 09/29/2019 3:56:50 PM PDT by moovova (You can't buy it back if you didn't sell it to me.)
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To: HangnJudge

“Don’t move to E. Tenn. You’ll hate it here”

You have the same problem Texas has, just not as advanced. Just as hipsters moved to Austin, growing it like a cancer that will eat Texas, Nashville is becoming a man-bun hipster hub. When I was up there last year, the area around Vanderbilt was like being in Berkeley. I mean how OPEN all the leftism was. And it’s growing, eating Nashville. Once you own the big cities in the state, you own the state. Again, look at Texas and Georgia.


66 posted on 09/29/2019 4:07:59 PM PDT by DesScorp
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To: RomanSoldier19

Offer them a one time bailout in return for becoming territories then make new states out of the red counties.


67 posted on 09/29/2019 4:09:35 PM PDT by Farcesensitive
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To: HangnJudge

Seriously considering moving there. There is no hope for Illinois.


68 posted on 09/29/2019 4:35:51 PM PDT by CrazyIvan (The Democrat party. A collaboration of Cloward-Piven and Dunning-Kruger.)
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To: moovova
Roger that.

I didn't go to the link. Sorry. You're good. :-)

69 posted on 09/29/2019 4:40:15 PM PDT by HotHunt (Been there. Done that.)
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To: DesScorp

Chattanooga and Knoxville will resist


70 posted on 09/29/2019 4:49:04 PM PDT by HangnJudge
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To: RomanSoldier19

Good. Cut spending.


71 posted on 09/29/2019 5:00:52 PM PDT by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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To: RomanSoldier19

I am extremely tired of ‘public servants’ and anyone who loves them. I was born in the late 60s and when I was a young man government workers made less than private sector workers. Now they retire like millionaires and lord it over everyone who paid for their plush golden parachutes with their taxes. If this situation doesn’t turn around soon the political class and their overpaid minions will reap the whirlwind.


72 posted on 09/29/2019 5:55:18 PM PDT by wildcard_redneck (If the Trump Administration doesn't prosecute the coup plotters he loses the election in 2020)
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To: riverdawg
Ummm, I would like to see just 1/3 of that $34 trillion “in liquid form” converted to/exchanged to cash reserves please. Talk about bubbles... Trading paper is a house of cards eventually, especially with a foundation of an economy based on debt practices and over leveraging.
73 posted on 09/29/2019 6:12:07 PM PDT by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians)
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To: RomanSoldier19

Another problem are the myriad underfunded local gov’t pension plans.

A while back, someone on FR posted an article listing the 100 most underfunded local gov’t pensions in IL, and gave the % of underfunding of each. It was pretty mind-blowing...


74 posted on 09/29/2019 7:14:05 PM PDT by Paul R. (The Lib / Socialist goal: Total control of nothing left worth controlling.)
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To: Paul R.

Yes. It really is over


75 posted on 09/29/2019 7:21:05 PM PDT by RomanSoldier19 (Game over, man! Game over!)
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To: Veto!
So what do the experts suggest?

Secession.

76 posted on 09/29/2019 7:21:34 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Bonemaker

“I’ve heard that the total value of all the houses in America is about $30 trillion.”

Think of all the rental income (eg real estate taxes aka vigorish) the criminal governments get from that.


Property tax rates vary around the country, as well as assessed values for tax purposes, which can be very different from the market value of a property.

But at an average tax rate of 1% of the market value of a property, $30 trillion in property would yield about $300 billion in property tax revenue.

And these are just homes, which in turn are just one part of all residential property. This is not including property taxes paid on all the commercial and industrial and agricultural property in this country.

This makes me think, that all of us could use a full accounting of all the different types of taxes we pay, where it’s going, and what it is being spent on. I’m sure such documentation would be quite an eye opener.


77 posted on 09/29/2019 8:55:32 PM PDT by Dilbert San Diego
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To: Dilbert San Diego
Excellent point.

The gallows we'd have to build would be about a mile long.

2019’s Property Taxes by State"/>2019’s Property Taxes by State

Illannoy at 2.31% is second worst only to filth jersey at 2.41%.

78 posted on 09/30/2019 4:15:45 AM PDT by Bonemaker (invictus maneo)
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To: SauronOfMordor
They are terrified of what Trump may do, or refuse to do, if things come to a head during his Administration.

Right, because he and the Reps in Congress have been so committed to fiscal responsibility.

/s

79 posted on 09/30/2019 4:26:03 AM PDT by semimojo
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To: bgill

Right. So that they move to other states or overseas.
Genius.


80 posted on 09/30/2019 5:02:14 AM PDT by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
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