william the wie
Gold Member
- Nov 18, 2009
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CA and IL are already in default but the collapse of Ocare will cause more, mostly Blue, States to go into default and have to raise taxes to increase tax flight. How bad will this get?
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CA and ILL will collapse while the 46 states Trump won will be part of the new Trump economy being no one wants to start a business there,,,,maybe even NY.NY and NJ are in relatively good shape compared to CA and IL and they are in danger too.
Actually his campaign platform is targeted at the Democratic party and if he can get 40% of it passed into law that should be sufficient to make the Ds a more or less regional party for several decades.If President Trump lives up to his campaign promise, and it looks as though he will, there will be more than a few blue (sanctuary) cities facing bankruptcy for violating federal law.
CA and IL are already in default but the collapse of Ocare will cause more, mostly Blue, States to go into default and have to raise taxes to increase tax flight. How bad will this get?
And you are still, and always will be, an immature asshole who thinks he is funny.i still think Trump will sell California to Russia or China for 2.3 Million Dollars
i still think Trump will sell California to Russia or China for 2.3 Million Dollars
I would look more at the degree mill bubble. The number of women living at their mom's house was still growing last I heard.CA and IL are already in default but the collapse of Ocare will cause more, mostly Blue, States to go into default and have to raise taxes to increase tax flight. How bad will this get?
Wie, I remember us talking about this back in 2008. Its starting to happen again with the car industry. I think this is going to be exponentially worse when it hits housing and commercial again. Not only that, social security and healthcare bubbles are ballooning.
Too bad TruthMatters isn't still here. I remember a few years ago pointing out to her that Illinois' State Income Tax increase would ultimately end up hurting them and she said that was bullshit because they took in more money the following year and I said, sure, right away they will, but I'll bet you they're going to have problems a few years down the road.
Congress agrees with you and that is why we have had Chapter three bankruptcy.Any state and/or city/county that goes bankrupt should be left to CUT SPENDING on their own.
We should not bail out those stealing more than what is coming in...