Are states really as broke as they let on?

Discussion in 'Politics' started by KentuckyThinker, Nov 11, 2009.

  1. KentuckyThinker
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    KentuckyThinker Member

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    Has anyone else ever read up on state CAFR's? You might find this to be a pretty interesting website. Look up your state's CAFR's in the links provided inside and see where they stack up financially versus what you hear daily from your "representatives." These numbers can be verified as they are public record. Most people miss out on these because I guess they think it's boring.

    http://www.cafrman.com/
     
  2. BolshevikHunter
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    BolshevikHunter BANNED

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    Actually K, They are too busy watching American Idol and Desperate Housewives to even bother brother. It's not that people don't care, they just have their priorities yuh know? ;) ~BH
     
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  3. potter 58
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    potter 58 Active Member

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    wow, i guess we should be floating in money? where did it go?
     
  4. KentuckyThinker
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    KentuckyThinker Member

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    Hey bro, good to see you! Yeah, we all know about the sheeple and what's important. ;)
     
  5. potter 58
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    potter 58 Active Member

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    hey K , I AGREE COMPLETELY , but if that was the case, why do we owe China so much money
     
  6. PatekPhilippe
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    PatekPhilippe Senior Member

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    Oh...the individual States are borrowing money from China now? Tell us about it.
     
  7. potter 58
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    potter 58 Active Member

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    ah PP , the gov whore, shit flows down hill, but why would you a double dipper like you care
     
  8. potter 58
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    potter 58 Active Member

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    opps it is vets day , thanks for your service
     
  9. KentuckyThinker
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    KentuckyThinker Member

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    This is concerning the individual states, not the fedgov.
     
  10. Charles Stucker
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    Charles Stucker Senior Member

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    Texas routinely runs in the black - the state has a "rainy day fund" of ~$9 Billion.
    Pay As You Go is state constitutional law in Texas; So is - No more than 1% of the state budget may be spent on welfare.

    Which is why tax and Spend liberals don't understand how any right thinking person would want to move to Texas, after all Texas has 8.25% sales tax, compared to just 7.5% sales tax in New York.
    But Texas has no State Income Tax, that's what attracts working people.
    Less welfare keeps the bums out, that's what attracts that sort to New York.

    Oddly, the surpluses reported for Texas and New York are roughly equivalent in the $50 to $55 billion range, but a significant difference is seen in that ~$37 billion of the Texas surplus consists of money in School/university funds which cannot be legally touched by the state, while in NY the money is spread around in dozens of places, few of which look to be school related.
     

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