Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-89 next last
Why Women Can't Find a Good Man | Psychology Today https://www.psychologytoday.com/us/blog/the-attraction-doctor/201203/why-women-cant-find-good-man

244 million international migrants living abroad worldwide, new UN statistics reveal (Year 2015) https://www.un.org/sustainabledevelopment/blog/2016/01/244-million-international-migrants-living-abroad-worldwide-new-un-statistics-reveal/

What The Combined Wealth Of All 1,426 Billionaires Could Do (2013 approx 5 Trillion, today bout 7) https://www.forbes.com/sites/briansolomon/2013/03/04/what-the-combined-wealth-of-all-1426-billionaires-could-do/#433196cf5b65

1 posted on 09/29/2019 12:32:21 PM PDT by RomanSoldier19
[ Post Reply | Private Reply | View Replies]

To: RomanSoldier19

Your Pension Is a Lie: There’s $210 Trillion Of Liabilities Our Government Can’t Fulfill

https://www.forbes.com/sites/johnmauldin/2017/10/10/your-pension-is-a-lie-theres-210-trillion-of-liabilities-our-government-cant-fulfill/#4699d19865b1


2 posted on 09/29/2019 12:33:54 PM PDT by RomanSoldier19 (Game over, man! Game over!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19

So what do the experts suggest?


3 posted on 09/29/2019 12:39:34 PM PDT by Veto! (Political Correctness Offends Me)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Veto!

Move to Belize.


4 posted on 09/29/2019 12:40:05 PM PDT by dp0622 (Bad, bad company Till the day I die.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: RomanSoldier19

How about Texas not give big business every tax break in the book and then some.


5 posted on 09/29/2019 12:40:49 PM PDT by bgill
[ Post Reply | Private Reply | To 1 | View Replies]

To: dp0622

Eastern Europe. I hear all the women look like Melania:)


6 posted on 09/29/2019 12:43:37 PM PDT by Ken H (2019 => The House of Representin')
[ Post Reply | Private Reply | To 4 | View Replies]

To: All

The government’s ability to tax us peasants is at the root of what has become a Ponzi Scheme. And like all Ponzi Schemes, eventually, they collapse.

The ones run by governments last longer than the others, because they can throw you in prison or kill you if you don’t play along.


7 posted on 09/29/2019 12:45:17 PM PDT by LegendHasIt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ken H

LOL


8 posted on 09/29/2019 12:45:54 PM PDT by dp0622 (Bad, bad company Till the day I die.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: RomanSoldier19

Socialism Is Legal Plunder

http://bastiat.org/en/the_law.html

DEFUND socialist collectives, foreign and domestic. DISMANTLE/DESTROY (as necessary)

https://usdebtclock.org

22+ trillion worth of evidence. (when parasite Biden came to CONgre$$ in 1973 it was well under 1 trillion)


9 posted on 09/29/2019 12:46:22 PM PDT by PGalt
[ Post Reply | Private Reply | To 2 | View Replies]

To: Veto!

I’ve heard that the total value of all the houses in America is about $30 trillion. And the total value of all the stocks on the New York Stock Exchange is about $34 billion.

Even if you could somehow confiscate all this wealth from these sources, and use it to pay off pensions, it doesn’t come anywhere near what is needed to ever fully fund these pensions.

Someone, somewhere, is going to take a big financial haircut.


10 posted on 09/29/2019 12:48:04 PM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 3 | View Replies]

To: RomanSoldier19

Of the 25 worst states as far as unfunded pension obligations is concerned, 18 of those states have been controlled by the Democrats for decades.

No surprises.


11 posted on 09/29/2019 12:48:19 PM PDT by Presbyterian Reporter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Presbyterian Reporter

So not sure how this works out with loosing 50-60% of workers due to age, no birth rates, and eventually automation.

Guess if we go to space and snag one of those planets made of diamonds its all paid of in a jiffy..

https://www.space.com/18011-super-earth-planet-diamond-world.html


12 posted on 09/29/2019 12:51:36 PM PDT by RomanSoldier19 (Game over, man! Game over!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Ken H

Meh. She corks her bat.


13 posted on 09/29/2019 12:51:45 PM PDT by bigdaddy45
[ Post Reply | Private Reply | To 6 | View Replies]

To: RomanSoldier19

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

Little diversity, monochromatic
Lots of trees, mountains, hills, lakes and streams. No room for stores.
It’s really easy to buy a gun.
Prices for housing are too low.
Food is cheap.
Most of the people are patriotic. What’s worse, they’re honest.
There’s no income tax, so I don’t think the state will improve much.
Those TVA lakes are just miserable
Dolly Parton music is high art
The Smokies are crawling with damn Yankees and tourists from Floriduh
Towns like Oak Ridge are just intellectual wastelands
color Orange is everywhere

Save yourself, stay away
I live here, and I’m an asshole.


14 posted on 09/29/2019 12:52:40 PM PDT by HangnJudge
[ Post Reply | Private Reply | To 1 | View Replies]

To: Presbyterian Reporter

those states create liabilities to extort money from the other states in the union

pure mafioso....


15 posted on 09/29/2019 12:53:32 PM PDT by mo ("If you understand, no explanation is needed; if you don't understand, no explanation is possible")
[ Post Reply | Private Reply | To 11 | View Replies]

To: Dilbert San Diego

“And the total value of all the stocks on the New York Stock Exchange is about $34 billion.”

The market value of U.S. stocks in all exchanges (not just the NYSE) is about $34 *trillion*


16 posted on 09/29/2019 12:58:55 PM PDT by riverdawg
[ Post Reply | Private Reply | To 10 | View Replies]

To: RomanSoldier19

Tennessee... no state income tax, conservative except for Nashville and Memphis. Nashville may come around now that we got ride of the super liberal mayors Barry and Briley. They wanted to make Nashville a sanctuary city and paint the sidewalks in rainbow colors. The new mayor is a democrat but does not seem to be crazy liberal.


17 posted on 09/29/2019 12:59:02 PM PDT by DOC44
[ Post Reply | Private Reply | To 1 | View Replies]

To: Veto!
Invest in Mexican banks...

"American retirees in Mexico say their life savings tripled while in a Mexican bank"

Si señor...😁👍

18 posted on 09/29/2019 1:00:10 PM PDT by moovova (You can't buy it back if you didn't sell it to me.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: RomanSoldier19

It should be noted that government pensions are not backed by the US Pension Benefit Guaranty Corporation.


19 posted on 09/29/2019 1:02:39 PM PDT by aimhigh (THIS is His commandment . . . . 1 John 3:23)
[ Post Reply | Private Reply | To 1 | View Replies]

To: riverdawg

Thanks for correction, yes it’s $34 trillion.

Even with that many trillions subject to wealth taxes if Democrats had their way, there is nowhere near enough wealth to cover these financial obligations.

If pension obligations are north of $200 trillion, Social Security/Medicare north of $50 trillion from what I’ve heard, the national debt is about $22 trillion, geez Louise. A few trillion here and a few trillion there, this starts to add up.


20 posted on 09/29/2019 1:03:21 PM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-89 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson