CDZ How Long Until the First Blue State goes belly up?

[Checkerboard Strangler]

And here I,thought we had to,worry about Kansas!

The Right is and has been in denial about Kansas.

 

[Dale Smith]

And here I,thought we had to,worry about Kansas!

The Right is and has been in denial about Kansas.

Seems that you bailed on the thread where you lamely attempted to "school" me..........what gives????

 

[Nosmo King]

Brownback’s failure in Kansas has doomed the whole of GOP economics | Opinion

 

[william the wie]

No blue state will go belly up, simply declare bankruptcy, reorganize, screw bond holders, small business, retain government employee pension funds, raise property and income taxes, then congress will bail them out.

Do you really think that is politically survivable for even Democrats in the house and senate? Please get proper meds for your neurological dysfunctions. Here in FL Calis are not welcome because all they can do is whine about the Gulf and Gulf stream being too warm when not calling into radio stations about all the tickets they earn for using CA traffic laws in jurisdictions with better laws.

 

[Checkerboard Strangler]

It's not survivable and the fact is, California's economy is healthy, especially when compared to what it was prior to the Dems taking back the majority.
Sure, it's far from perfect, and we have obligations to meet. We'll do our best.

Stop all the nonsense about Californians in Florida, when everyone knows your real issue is the snowbirds from New York and the Germans and Canadians.

It's not too warm down there, it's too damn humid. The moment you step outside and wonder if you applied enough anti-perspirant to your CROTCH AREA, that's when you know you're living in a place with too much humidity.

Hope you guys can figure out what to do about Sinking Miami!
Oh wait, it's not sinking, it's being flooded.

 

[BradVesp]

The way I understand it the constitution in Illinois won't allow for any bankruptcy declaration nor financial insolvency. So they can just put off payment. It results in shifting the unpaid workforce to either other jobs in state or similar jobs out of state. As this happens the debt clears itself. Alternatively, and more commonly, it results in a tax rate increases until the debt is paid off.

As a side note the Chicago region, that has the highest population density, is blue, but other then that Illinois is red by geography. It's due to an interesting political act in the early 1800s. At the time just before Illinois was a state the Chicago region was in a territory along with Wisconsin. It wasn't to be included in Illinois statehood. Some one realized that if they moved the boarder up a bit so that Chicago was in Illinois it would be likely that the congressional delegates from Illinois would be more Democratic then Republican and, so too, The Nation. Someone made a deal to include Chicago in Illinois rather then Wisconsin. Wisconsin's gotten jerked around, regularly, by the Federal government. It also lost the Upper Peninsula region to Michigan because someone in Michigan started a war with someone in Ohio over a rail line.

 

[C_Clayton_Jones]

One cannot expect ‘clean debate’ when the thread premise fails as a loaded question fallacy.

 

[2aguy]

Only CA and oIL are technically in default now. Not paying interest on IOUs for CA and not paying vendors for IL and usually these kids of defaults can be and have been ignored for years but the mortgage deduction cap and SALT provisions will get both states junk graded. That will trigger banktuptcy. Then will come other problems such as a criminal investigation of the politicians of both states. There may also be prison terms. I am just trying to figure out when, not if.

Don't you DittoTards ever get tired of making fools of yourselves mindlessly parroting Limbaugh Lies?????

California’s lawmakers should have a surplus next year. Will they spend it or save it?

The state budget is in good shape to weather a moderate recession, and lawmakers should be able to sock away more money in reserves next year, according to projections the nonpartisan Legislative Analyst’s Office issued Wednesday.

The LAO’s outlook shows the state would finish its 2018-19 budget year with more than $19 billion in reserves – assuming lawmakers and Gov. Jerry Brown don’t make any more spending commitments. About $11 billion is obligated for the state’s rainy-day fund.

Lawmakers could spend about $7.5 billion of the surplus, although analysts recommend that they save it to prepare for a recession.

You conveniently forgot to mention $200 billion in unfunded retirement benefits.

They can't see reality if it bites them on the ass......the first hint they will get that something is really wrong? When the first public employee pension checks bounce......

 

[william the wie]

It's not survivable and the fact is, California's economy is healthy, especially when compared to what it was prior to the Dems taking back the majority.
Sure, it's far from perfect, and we have obligations to meet. We'll do our best.

Stop all the nonsense about Californians in Florida, when everyone knows your real issue is the snowbirds from New York and the Germans and Canadians.

It's not too warm down there, it's too damn humid. The moment you step outside and wonder if you applied enough anti-perspirant to your CROTCH AREA, that's when you know you're living in a place with too much humidity.

Hope you guys can figure out what to do about Sinking Miami!
Oh wait, it's not sinking, it's being flooded.

Dear Cali you have been true to your state with your post posting nothing that is true.

 

[BradVesp]

Why does everyone care so much. Let em live how they want to live. It's a big country; lota land.

 

[william the wie]

Why does everyone care so much. Let em live how they want to live. It's a big country; lota land.

As long as we don't have to bail out CA again as with their partial collapse of the nation's electrical grid, a stunt that elected the Governator to be followed by Moonbeam. We need to declare CA independent and put the first wall up around it.

 

[BradVesp]

Or you could not send em any money. Everything starts at home. You can stop paying your taxes, or spend your money in a way that reduces your tax to near zero.
You could move to another state. Texas has their own electrical grid, i think. Heck that state maybe has a self contained economy.

I know these are all absurd suggestions. There's way more then enough money, land, and unused labor to bail out a state or two. It happens in Europe. There's more then three debtor nations in the E.U. The trouble is the psychological impact. Some people work and some people live on credit and the two are difficult to reconcile.

 

[BradVesp]

Then, too, some people won't stop working and produce more then they can ever use. Technology's just exacerbated this.
I'm not sure it's a middle ground, but there is a balance point between the time spent working - making money- and the time spent spending it. It's tough to find, and requires that one is attentive to not only income and expense, but time, too. (but that's just me)

 

[Moonglow]

Only CA and IL are technically in default now. Not paying interest on IOUs for CA and not paying vendors for IL and usually these kids of defaults can be and have been ignored for years but the mortgage deduction cap and SALT provisions will get both states junk graded. That will trigger banktuptcy. Then will come other problems such as a criminal investigation of the politicians of both states. There may also be prison terms. I am just trying to figure out when, not if.

Its a sad situation. California used to be the place of invention and capitalist pursuit. They are still a place where tech companies head to innovate, but it's becoming dicey.

The danger will be if the same, backwards thinking that us causing economic dismay to California is exported to places like Texas, Nevada and the like. There are already major cities such as Houston and Dallas that have Democratic leaders, and it's only a matter of time.

America needs to stand up against socialist practices, I assure you that no rainbow awaits you.

Doesn't look like it killed you neither...

 

[Moonglow]

Then, too, some people won't stop working and produce more then they can ever use. Technology's just exacerbated this.
I'm not sure it's a middle ground, but there is a balance point between the time spent working - making money- and the time spent spending it. It's tough to find, and requires that one is attentive to not only income and expense, but time, too. (but that's just me)

Isn't that why one procurs a wife and kids, to help in the effort to spend it easier?

 

[william the wie]

Then, too, some people won't stop working and produce more then they can ever use. Technology's just exacerbated this.
I'm not sure it's a middle ground, but there is a balance point between the time spent working - making money- and the time spent spending it. It's tough to find, and requires that one is attentive to not only income and expense, but time, too. (but that's just me)

Nice intelligent post but this is the thread about blue state collapse.

 

[jasonnfree]

Strict conservatives are always worried about the debts of california, but don't seem to mind the 1 to 1 1/2 trillion national debt the latest republican tax plan will probably cause us down the line.

Analysis | Why it’s such a big deal the Senate tax bill would add $1 trillion to debt

Here's how the newly passed GOP tax bill will impact the economy, businesses, the deficit, and your wallet

 

[jillian]

Only CA and IL are technically in default now. Not paying interest on IOUs for CA and not paying vendors for IL and usually these kids of defaults can be and have been ignored for years but the mortgage deduction cap and SALT provisions will get both states junk graded. That will trigger banktuptcy. Then will come other problems such as a criminal investigation of the politicians of both states. There may also be prison terms. I am just trying to figure out when, not if.

I figure Alabama and Mississippi go before any blue state, you dolt.

Trumptards are evil little weasels

 

[jillian]

Then, too, some people won't stop working and produce more then they can ever use. Technology's just exacerbated this.
I'm not sure it's a middle ground, but there is a balance point between the time spent working - making money- and the time spent spending it. It's tough to find, and requires that one is attentive to not only income and expense, but time, too. (but that's just me)

Nice intelligent post but this is the thread about blue state collapse.

Blue states aren't collapsing moron.

 

[william the wie]

[/QUOTE]

Strict conservatives are always worried about the debts of california, but don't seem to mind the 1 to 1 1/2 trillion national debt the latest republican tax plan will probably cause us down the line.

Analysis | Why it’s such a big deal the Senate tax bill would add $1 trillion to debt

Here's how the newly passed GOP tax bill will impact the economy, businesses, the deficit, and your wallet

great talking point, CBO at its most insane and idiotic. more likely is a 5+% surplus