You picked four states with Republican governors. Interesting.
What's even more interesting is how deep in the hole many Democrat states are. I guess if you keep giving away money you don't have it doesn't count?
Why don't you compare and contrast California with South Carolina.
California receives back less then 1:1 in federal tax, where South Carolina receives 7.8:1.
ALL southern States receive more than 1:1.
I believe that southern States are takers, which is the real reason behind the so-called economic boom.
Businesses are moving there, where's your source on federal payouts?
http://www.bizjournals.com/sacramen...sons-why-public-debt-continues-to-burden.html
Here are three key facts about the
state of California's debt problem.
1. California's current revenue surplus pales in comparison to its overall debt burden
California's tax revenue is running about $4 billion ahead of earlier estimates. But the state faces approximately $227 billion in long-term debts, costs and liabilities, the vast majority of them related to public pensions.
When it comes to infrastructure, the state faces $87 billion in outstanding bonds, and billions more are needed for deferred maintenance, according to the
California Department of Finance.
2. Recent changes in teacher pensions could add pressure to extend the Proposition 30 tax hike
Under teacher pension changes approved last year, school districts are expected to pay an additional $1.2 billion in employer contributions in 2016. Teachers hired after 2013 would contribute an additional $864 million from their salaries, according to the
California State Teachers' Retirement System. State contributions also will rise.
Those additional pension costs steadily increase until 2046. That year, districts are expected to spend an additional $9.3 billion over what they would have under the prior structure. The state would contribute an additional $2.2 billion that year, and teachers would chip in $1 billion.
Meanwhile, Proposition 30 taxes provides public schools with an additional $7 billion to $8 billion for the next three years, according to the finance department. Some Democrats
already have begun pushing to extend the taxes. The spiraling cost in teacher pensions will certainly factor into that coming conversation.
3. The state's growing debt burden provides fewer dollars each year for public services and infrastructure that benefits the private sector
The state's annual payments on its bond debt has grown by 155 percent since fiscal 2001 -- up to $7.4 billion this fiscal year. That expense squeezes funding for other spending areas. For example, a cut of more than $1 billion to California's court system since the start of the recession has led to
ongoing service reductions and delays that hurts legal professionals and the public.