States
 

Should states get money from the Government. Like the airlines, farmers, auto industry?

Senator Mitch McConnell’s objections of aid to the states were highlighted in a news release with a section focused on “Stopping Blue State Bailouts

MC conell seems to be taking a page from Trump, his has blamed the media for his words


McConnell said the entire episode was “a classic case of taking things out of context”

He said they had to consider "the future potential damage of the country by adding $2.7 trillion to the national debt."

Now he is worried about debt :huh:

We know what NY Cuomo thinks

how New York sent $116 billion more to Washington in tax revenue than it gets back.

Kentucky, meanwhile, gets $148 billion more than it puts in.:drevil:

to help with the pandemic, hell yes. to help fund stupid state spending? hell no.

People in states like SC and TN made tough choices to live within their means. People in CT and Mass spent like lunatics to buy votes and to reward union masters.

Why in god’s name should
anyone in SC or TN be forced to pay for stupid decisions made at the state level in CT or Mass?

Wayne, if i freely chose to live beyond my means and rack up debt, are you responsible to bail me out?

Unbelievable that liberals are whining about this. Poorly run states ( mostly, but not entirely liberal) are responsible for their decisions. leave everyone else the hell alone.
Posted from my iPhone/Mobile device

as to tax deficits, there are things that need to be paid for at the federal level (military, highways, SS and Medicare), and wealthier states will end up paying more. i thought liberals liked the idea of a progressive tax structure.

Decisions made at the state level, are the responsibility of the state.

CT is far worse off than Mass, and is in a race with IL to go insolvent. Good. Promises that cannot be kept, will not be kept, because you cannot have more than there is. not even public labor unions can have more than there is.
Posted from my iPhone/Mobile device

New York is rich...Kentucky is poor by comparison...if New York needs more money they should tax their rich more....if Kentucky needs money they should tax New York's rich more....isn't that how it works?

Absolutely how it works
Kentucky should no longer get the $2 it gets for every dollar it pays in federal taxes
South Carolina shouldn't get the $1.73
Tennessee shouldn't get the $1.44

NY should get the $.10
Mass should get the $.10 it loses
CT should get the penny

Of course I should keep my mouth shut because VT gets $1.74

But as long as you have lifers in Congress it ain't gonna change.

Good post
Odd
Rare
But normal!
Posted from my iPhone/Mobile device

he's clearly started day drinking early

Jim seeing your towing the party line please point how these are poorly run states and present some well run states as examples

the only one jumping on pensions are Republicans PS how many republicans do you think are cops firefighters teachers who are paying into these funds .. or Americans for that matter

And what Governor has ask for Money to address that issue ??

if the big government losses tax money because the states are losing tax money both by no fault of their own.... lose revenue.. but one can print money and 1 can not

Unbelievable that conservative states whine about liberal states yet have their hands in the liberal states pockets.

According to estimates by the Rockefeller Institute, from 2015 to 2018 Kentucky — which pays relatively little in federal taxes, because it’s fairly poor, but gets major benefits from programs like Medicare and Social Security — received net transfers from Washington averaging more than $33,000 per person. That was 18.6 percent of the state’s G.D.P.

That is pretty much what happens.

"who have suggest stupid state funding besides you and republicans"

The IL state legislature asked for tens of billions for pension funding. So, there's that. see my link below. So kindly stop saying the GOP made this up. It started with democrats.

"love to see your examples on this one "

Here in CT, our unfunded debt (dominated by union perks) is over $100 billion. That's over $30,000 for every person in the state. When some of the highest taxes in the nation, applied to some of the highest incomes in the nation, are 100B short of funding the spending, I conclude the spending was stupid.

Can you tell me what other options there are? Is it possible to get that amount of debt with responsible spending?

Of course we have all the usual union benefits, insane pensions and healthcare that dwarf what's available in the private sector. The math just doesn't work.

"you have no issues bailing out farmers airlines small business "

I'll try to go very slowly here. We chose to #^&#^&#^&#^& down the airlines and small businesses. They didn't cause this or deserve it. The country cannot exist without farmers, airlines, or small businesses. In contrast, there is zero evidence that we cannot exist, without fat union pensions. If the entire private sector survives with 401ks, I will never understand why unions absolutely have to have pensions. Can you explain that to me? I'd love to hear it.

The state of CT does not suffer from an unreasonably low amount of tax revenue. Our biggest problem should be finding banks that can handle our surplus. Instead, we are crushed under impossible debt. We did this to ourselves, I can't fathom why someone in SC is responsible.

"Jim seeing your towing the party line "

I'm not guided by party on this whatsoever. I'm guided by elementary school aritthmetic, and the common sense fact that everyone else has 401ks and market-priced healthcare, and we survive just fine.

"point how these are poorly run states'

I already did. CT is a wealthy state with high tax rates (meaning tons of money goes to the legislature), plus we get hundreds of millions from the casinos annually in a good year. Yet we have debt equal to more than $30k per citizen. That doesn't suggest to you, that it's a poorly run state? Where did all that money go?

"the only one jumping on pensions are Republicans "

As I said, the democrats who run the state of IL asked for pension bailouts. Read my link. This is what set McConnell off.

"how many republicans do you think are cops firefighters teachers who are paying into these funds"

Not sure why that matters, but you asked so I'll answer...not many. The problem, is they don't pay anywhere near enough into those funds, and the public is expected to make up the difference. Why? I have to fund my own retirement, I can't pass the hat to the union as far as I know. So why does the union get to reach into my wallet? Why is the financial security of unionized democrats, so much more essential, than everyone else's financial security? A married couple who both teach in CT, can easily have a combined income north of $160,000. That's more than a lot of people in the private sector. They can fund their own retirement without preventing me from funding my own.

Anyway, since you denied the truth here, here's the story of the shameless IL senate democrat who used the virus as an excuse to ask the feds to bail out their pensions, to the tune of $40 billion. Trump should have gone on TV and told the guy to go f--- himself.

https://www.foxnews.com/media/chicag...ailout-request

Until the rich have had enough, and then flee, or even worse, establish legal residency elsewhere, costing the state massive tax revenue. That's what's happening now in CT and NY. And it's a disaster for the balance sheet. It never sinks in to liberals, that the concept of supply and demand applies to things like an income tax.

What's also unbelievable is that liberals never stop saying that the rich should pay their fair share, and spread the wealth around, until libs get cornered on this issue. Then all of a sudden, they act like they support a flat tax.

Our problems in CT do not stem from the federal income tax the wealthy CVT residents pay. Ludicrous to suggest otherwise.

If you want to stop subsidizing poor states, lobby for a flat federal income tax.

CT has Fairfield county, KY does not. I have no problem with a little subsidy on federal programs. You are opposed to helping out the poorest states in the country? Doesn't seem very liberal of you at all.

The wealthiest CT residents, also pay a ton in state taxes. The problem is, it's not nearly enough for the whores in the state legislature or their union masters.

Shouldn't subsidy be based on need, and not on political clout? The state of KY, as a whole, needs help. A CT state trooper making 100k with overtime, doesn't need help. Nor does a married couple who teach and make a combined salary north of 150k a year.

Our speaker of the house, Joe Aresimowicz, works full-time for AFSCME, the largest state employee union. Read that again. As a legislator, he literally votes on how much money goes to his employer. Only in CT is that not a conflict of interest. The results are inevitable. We are crushed with debt to fund insane union perks.

Here in CT, if a married couple teach at UCONN, their household income can EASILY exceed $300,000. And their kids pay zero tuition at UCONN. Why? Why do wealthy people need that perk?

Here in CT, a portion of teacher pensions is exempt from the state income tax. But the first dollar of retirement taken out of a 401k is subject to the state income tax. Why? Why does tax rate depend on former employer, as opposed to taxable income? If a teacher has a $50,000 a year pension, and I take $50,000 out of my 401k, the teacher6 pays less tax. Even though our income is identical. Why?

Kentucky gets $45 BILLION more in federal funding than they pay in taxes.

New York pays $21 BILLION more in taxes than they get from the feds.

So effectively every year NY writes a $21B check to KY.

That 21 Billion could cut the NYS pension deficit considerably or completely depending on the return on the rest of their investments.

No, because there are more than two states in the country. And part of what NY pays for, are federal things like military bases in other states, which benefit everyone in NY. Not all of the excess goes into the pockets of people in other states, but some does.

There are, what, 325 million people in the country. Are you suggesting that each person pay the same, flat fee for federal provisions like the military and highways and food stamps and SS and Medicare? You don't think wealthy people should pay more for those things, than poor people? Wow, that's callous.

If CT got every cent of that back, they'd spent ten times that on the unions. Because our problem isn't a lack of tax revenue, our problem is the corrupt alliance between democrats and the unions.

Nothing but whining in there. I want my $33K? or at least a Thank you once and a while.

Not Conn. fault KY has a system that can't breed wealth. And not my job to help KY when they and their leaders are so ungrateful. Anytime someone gives me something, I say Thank you.

you really need some counseling....

again you love your needle in the haystack story is just that 1 guy asking for something hell never get ... and them apply it across the board to all states looking for help .. read your own story he didnt ask for 40 billion for just pensions he asked for 19.6 billion for that reason... you cant even be honest with citing what people asked for .

Illinois Senate President Don Harmon to the Illinois Congressional Delegation, requesting $41.6 billion plus, for various purposes including $10 billion for state pensions and $9.6 billion in aid to municipalities, for their pension funding.


And one guy asking doesn't mean he'll get it... nor do I think it should be funded by the feds . but this is the rights rally CRY and to even for turtle boy to inject we'll its a blue state , shows how ufit he is to serve in congress seeing his own governor is Democrat

so farmers and airlines shouldn't have money in the bank after millions in in Profit in the bank ?
2018 27.3
2017 37.6
2016 34.2
2015 36 these numbers are in billions and are profits

Farm profitability, at $88 billion for 2019, up $4 billion from 2018 and up $10 billion from 2017
The improvement in net farm income is primarily driven by an increase in federal support,


let me guess you have no issues with Mcconnell Trying to push through Tort reform rather than a clean bill

so you want to use federal tax dollars to pay state/local pension shortfalls? What about paying their fair share?....how about accountability for the pension fund dollars that have magically disappeared?? If New York wants to cut the NYS pension deficit it should tax it's rich people more...I don't see what the problem is..why are you picking on Kentucky...they are poor...why do you hate the poor?

Themis is a Republican. This may be news to you, Paul, but the democrats have controlled the legislature (which writes budgets) for the overwhelming majority of the last 45 years. Conservatives have never run the show. If there is any conservative footprint in our state's economic landscape, can you point it out for me, please? Because I don't see it.

The democrats promise the unions a blank check, in return for unions providing volunteers and campaign contributions at election time. Is 'whores' that far off? Not to me.

"I want my $33K?" Then advocate for a flat tax. Which puts you in the far right-wing extreme of the GOP.

"And not my job to help KY"

Again, take that up with Blumenthal and Murphy.

It's a separate issue. We give the state a ton of money. More than enough to reasonably run a small state. They chose to overspend by jillions of dollars. That practice will eventually come back to haunt you. Within ten years, we start bouncing pension checks. We've all known that was coming for 40 years. None of us as the right to be surprised by that. When you plant potatoes, you get potatoes. When you take an insane amount of taxes from your citizenry and somehow manage to spend $100 billion more, you will find yourself unable to fund spending at some point. If we don't like that reality, we could have chosen to change our ways at any point in the last 40 years. We chose to double down on liberalism. Oh, well.

Everything I have for retirement is in Roth-type accounts, so the state can't touch it when they decide to massively jack up tax rates in a few years. It won't effect me much. Any idiot could see this coming.

Actually I think you with your constant snarkiness needs to talk to a Dr. I wonder what it does to the people who have to hear it day in and day out.

Tell Mitch to say Thanks for the $ that comes from Ct. to KY.

you should accept help when people offer it and say thank you

You said the GOP made up the notion that poorly run states wanted pension bailouts. You said only the GOP was talking about pensions. I proved you were irrefutably wrong. But you can't admit it.

"one guy asking doesn't mean he'll get it'

You're right, he's not going to get it with the GOP controlling the senate. Nor should he.

Sorry, it was $20B, not 40.

"we'll its a blue state "

Most of them are blue states. I don't need to hide from that fact. You do.

"you have no issues with Mcconnell Trying to push through Tort reform"

We desperately, desperately, desperately need tort reform, and that is applicable to the virus, as there will be class action suits everywhere. Every large nursing home and hospital in the country will be the subject of nuisance lawsuits. Avoiding nuisance lawsuits is a big reason why hospitals don't have more ventilators (ventilation is an extreme, invasive procedure that is a magnet for lawsuits). I know about this, as my department provides professional liability insurance to hospitals, and we always try to avoid insuring hospitals that have a lot of ventilators. Lawyers make it an impossible service to be able to provide to patients who need it. That needs to be fixed.

You're very angry.

When a middle-of-the-road guy like TDF, who rarely comments here, tells you to calm down...maybe give his advice some consideration.

You should go talk to a Dr. before you do long term damage to the people who have to hear you day in and day out.

good one. calling people whores. Classy man. Look at your very first post and the anger you exhibit.

He basically doesn't comment and he is not middle of the road.

I am convinced that the democrats in the legislature know the damage they are doing. They do it anyway, because their union masters order them to. When the state collapses, they won't care, they will have cashed out.

So if 'whores' is offensive to your delicate sensibilities (again, how about you grow a pair), suggest another term for these crooked parasites like Aresimowicz. Aresimowicz has a second home in SC of all places! SC! If he truly believed one word of the bullsh-t he inflicts upon us, that's the last place in the world he'd want to own a second home. So he knows its advantageous to have low taxes, but he denies that benefit to the people he claims to represent.

Because to you, Hilary Clinton is probably your idea of middle of the road.

someone asked if your mom worked at a truck stop and you cried like a little girl. So let's not talk about delicate sensibilities. I take more crap than anyone here. I was raised not to call people whores but I guess not everyone was raised that way I guess.