$170 trillion, 417 billion, 574 million, 336 thousand and 200.
The big push to federalize state debt is coming.
It’s why blue states don’t care how much debt they pile up.
Can this be stopped?
Whenever some lefty starts going on about corporate greed, point out that government greed is far more voracious.
Headline should read “Blue States...”
Wait, I head newsome bragging about California’s endless surpluses...
Corrupt democrat hellhole states... what a surprise.. /s
Oddly enough, off all the states, no one would have thought that Alabama’s pension plan is totally funded, but it is.
I did not expect to see Texas on the underfunded list.
who woulda guessed these drunken states would get a bailout. what a joke.
$170 trillion, 417 billion, 574 million, 336 thousand and 200.
“The OPEB debt obligation is about $3,000 for every U.S. resident, according to ALEC, leaving taxpayers footing the bill.”
Good luck collecting. This Turnip is tapped out!
Yet ANOTHER reason to be debt free and live under whatever your state’s threshold is for filing income taxes.
Plan accordingly, FRiends.
P.S. Wisconsin’s State Pension Funds (Police, Firemen, Teachers, Public Workers, Unionistas, etc.) are fully funded. Have been since the ‘70’s, amazingly!
https://www.maciverinstitute.com/2019/07/how-wisconsin-fully-funded-its-retirement-system/
Government cannot do anything right. We need to stand strong and refuse any bailouts. Bailouts just dig the hole deeper and in a short amount of time they are in arrears again. The solution is simple. Start shuttering massive parts of government so government can pay its bills. It will force lazy ass government employees into the private sector where can actually build something, be productive members of society and have some dignity. People who work for a living should be the last to feel any pain. Make the people responsible for this mess feel the pain first - lazy ass government employees.
Whats after a trillion ?
State insolvency (or de facto bankruptcy) would be a wonderful thing
Many Republicans believe - we’ll just vote the right people into office, and they will fix spending and administration problem! How has that worked out over the last 50 years?
Progressive social engineering and top-down leftist bureaucratic control only exist due to fake, printed, fiat money and the debt creation it allows. Progressives took over Fed.gov with the creation of the Federal Reserve. FDR entrenched them, and they took total control when Nixon took the US off the gold standard.
They are parasites who will eventually kill the host with debt.
BUT-—NEWSOM keeps reporting that Calif is over $160 Billion in the black.
LIARS-—ALL OF THEM.
Thinning the costs of old and old public employees. Pretty good motive for unleashing covid and death “vaccines” upon the world. It seems like the goal is to kill off western people. You notice the 3rd world is taking the vaccine and don’t catch covid as they eat hydroxychloroquine and ivermectin like candy. I guess the elite want to eliminate trouble makers and keep the rest as their slaves.
Surprised to see Texas on this list and I would've thought my home state of Kentucky would be a slam-dump to be on it.
Illinois has an extremely generous pension plan -— they put in double whatever the employee puts in. I have a cousin who is retired and benefiting from it, plus a dil who, if its still paying out, will benefit from it in several years. Both of these women are all about working hard and producing high quality work; no slouching off with them. The one, A health department restaurant inspector, was actually told to ease up, or there wouldn’t be any restaurants open at all. My daughter in law has given many hours of her own time to counseling messed up high schoolers, once spending 3 hours after school had ended, to stay with a suicidal girl, until her parents could be reached, and provisions for hospitalization had all been coordinated and set up. Both of these women deserve their pension; they have no control how much the State agrees to pay.
In California the taxpayers must pay for the big pensions for the retired state workers if the state comes up short.
The 20 cents to 25 cents a kw is not because of the actual cost of making energy but to hide the big payouts for pensions. Same goes for much of the gas taxes. Lottery suppose to add to the state school funding but the democrats steal the money and the schools are short changed as are the kids.