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 ...
Good! Government is too big, and that will eventually solve the problem.
You are right just not sure what happens with 300 million people foraging in forests ; so many deers to chump on
Sorry that sounds so shocking; I’m sitting down and sober ; it sounds awesome ; glad someone is free ;
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.
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. ;-]
“Dont move to E. Tenn. Youll 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.
Offer them a one time bailout in return for becoming territories then make new states out of the red counties.
Seriously considering moving there. There is no hope for Illinois.
I didn't go to the link. Sorry. You're good. :-)
Chattanooga and Knoxville will resist
Good. Cut spending.
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.
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...
Yes. It really is over
Secession.
Ive 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.
The gallows we'd have to build would be about a mile long.
2019s Property Taxes by State"/>2019s Property Taxes by State
Illannoy at 2.31% is second worst only to filth jersey at 2.41%.
Right, because he and the Reps in Congress have been so committed to fiscal responsibility.
/s
Right. So that they move to other states or overseas.
Genius.
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.