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2018-08-03 Economy
Drowning In Debt: These States Are Approaching A Point Of No Return
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Posted by Besoeker 2018-08-03 06:41|| E-Mail|| Front Page|| [6462 views ]  Top

#1 Government employee pensions, an agreement made by two wolves on how to cut up the sheep. The level of taxes and confiscations needed to support them crosses over to involuntary servitude of the citizenry. It is obvious the pols never fulfilled their fiduciary responsibilities to people, but rather sold them into future bondage.
Posted by Procopius2k 2018-08-03 07:08||   2018-08-03 07:08|| Front Page Top

#2 If you live in those states.

Learn why the other states arent in a mess. Then leave and dont spread the progressive contagion.

Maybe fiscally clean states should quarantine new arrivals until they unlearn leftism
Posted by Bright Pebbles 2018-08-03 09:16||   2018-08-03 09:16|| Front Page Top

#3 If you live in those states. Learn why the other states arent in a mess. Then leave and dont spread the progressive contagion.

Too late BP, they bring it with them.
Posted by Besoeker 2018-08-03 09:17||   2018-08-03 09:17|| Front Page Top

#4 Indeed B. The cancer that is liberalism has metastasized even here in red state Idaho at least in Boise. It's well known that the "North End" houses liberals, Hippies and fellow travelers.
Posted by Warthog 2018-08-03 09:51||   2018-08-03 09:51|| Front Page Top

#5 The next 20 years will be a very interesting time for not only state debt, but the national debt as well.

Once states start going down, it may take the whole thing with them.
Posted by DarthVader 2018-08-03 10:05||   2018-08-03 10:05|| Front Page Top

#6 The voters need to toss the ruling parties (their oppressors) who caused these states to be broke out of office.
Posted by JohnQC 2018-08-03 10:34||   2018-08-03 10:34|| Front Page Top

#7 Get rid of all the pensions inflated at the last minute by administrative transfers to high-paying positions for the last year before retirement, and get rid of double-dipping a second pension by transferring to another branch of government after the first retirement. That would go a long ways towards mitigating the overall problem.
Posted by gorb 2018-08-03 10:43||   2018-08-03 10:43|| Front Page Top

#8 its really alive and well in Ketchum,Idaho but theyre a captive audience that are fun to torture
Posted by 746 2018-08-03 10:47||   2018-08-03 10:47|| Front Page Top

#9 ...I've considered for a while that had Felonia Von Pantsuit won in 2016, this would have come to the fore a while back, and we'd be hearing about how it takes a village and that we had to help out those states.

And for what it's worth, I suspect it's far, far worse than we're being told and that the worst states are holding on by their fingernails, desperately hoping for a Blue Wave in November because that will be the last hope they have for a Federal bailout. If they don't get a Dem Congress with a veto-proof majority, they're dead meat. I'd say probably next spring the dominos will start going down.

Posted by Mike Kozlowski  2018-08-03 12:09||   2018-08-03 12:09|| Front Page Top

#10 It's not even liberalism in CT -- it's cronyism in the destructive symbiotic relationship between pols and their incompetent,tax-fattened in-laws in public unions.
Posted by Regular joe 2018-08-03 14:06||   2018-08-03 14:06|| Front Page Top

Another significant factor was/is the unionization of government employees.
Posted by Roger29 Palms 2018-08-03 14:06||   2018-08-03 14:06|| Front Page Top

#12 Another significant factor was/is the unionization of government employees

Which even the libero-saint FDR didn't agree with.
Posted by Mullah Richard 2018-08-03 16:54||   2018-08-03 16:54|| Front Page Top

#13 Return the states to territorial status until their financial house is in order.

That means no representation in the house and senate and a governor appointed by the president.
Posted by badanov 2018-08-03 19:41||  2018-08-03 19:41|| Front Page Top

#14 Of course that would be like the town drunk ordering everyone on the wagon.
Posted by badanov 2018-08-03 19:59||  2018-08-03 19:59|| Front Page Top

#15 Return the states to territorial status until their financial house is in order.

The first 13 states were never federal territories. They were each sovereign states to begin with that entered into a compact know as the Constitution, which means they can not revert to territorial status.
Posted by Procopius2k 2018-08-03 21:30||   2018-08-03 21:30|| Front Page Top

23:43 JohnQC
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