Trump is Right about Democratic Desire to bailout poorly run States.

[BigDelHawk]

The Democrats want the rest of the country to bail out NY, CA and Illinois. This is BS. having lived in Illinois, and now in the QC, I have seen time after time where the Democrats rolled over for the Unions. Then they give early retirement buyouts to higher paid employees and do not fund the retirement fund. It is a short term fix and only kicks the can down the road. They have done it again and again.

What’s driving Illinois’ $111 billion pension crisis

Retirement ages, COLAs and out-of-sync pension payouts

www.illinoispolicy.org

Illinois now has nearly three people retired for every current employee. CA and NY have done the same ****ing thing. They are poorly run and they want YOU AND ME to bail them out. NOPE, it is their problem!!

 

[NorthernHawkeye]

The pension problems in some of these states are out of control.

 

[h-hawk]

New York for one, put in way more money than it gets back.

Over the past four years, New York contributed $116.2 billion more to the federal government than it got back in federal spending. The remaining 42 states received more than they contributed, with Virginia, Maryland, Kentucky, Alabama and Ohio leading.Apr 30, 2020 (Factoid)

 

[hawkeyetraveler]

If you live in Illinois then you should be FED UP that the state gives far more in federal tax dollars than it receives. Those tax dollars go to red states. Where would those states be without the federal spending?

Now, you are right that Illinois is a historic shit show of budget mismanagement (under D’s and R’s alike by the way), but some of that would be solved if the federal government put as much money into the state as they take out.

Republicans whining about this seems awfully rich to me since most of those deep blue states generate far more federal tax than they receive.

 

[sadiehawkins]

What is your position on poorly run farms and bailouts for them. Nothing on how trump has run up the biggest deficit and debt ever. If states are bankrupt i guess america is bankrupt also.

 

[DFSNOLE]

The Democrats want the rest of the country to bail out NY, CA and Illinois. This is BS. having lived in Illinois, and now in the QC, I have seen time after time where the Democrats rolled over for the Unions. Then they give early retirement buyouts to higher paid employees and do not fund the retirement fund. It is a short term fix and only kicks the can down the road. They have done it again and again.

What’s driving Illinois’ $111 billion pension crisis

Retirement ages, COLAs and out-of-sync pension payouts

www.illinoispolicy.org

Illinois now has nearly three people retired for every current employee. CA and NY have done the same ****ing thing. They are poorly run and they want YOU AND ME to bail them out. NOPE, it is their problem!!

Mr. Echo Chamber, you might want to do some of your own research before posting.

Most & Least Federally Dependent States in 2024

Most & Least Federally Dependent States in 2024

wallethub.com

 

[Tiny Hands Trump]

Alternative headline.. rural red states that receive more from feds than they pay in don't want gravy train from urban blue states to be shifted away and given back to those blue states.

 

[Rifler]

If you live in Illinois then you should be FED UP that the state gives far more in federal tax dollars than it receives. Those tax dollars go to red states. Where would those states be without the federal spending?

Now, you are right that Illinois is a historic shit show of budget mismanagement (under D’s and R’s alike by the way), but some of that would be solved if the federal government put as much money into the state as they take out.

Republicans whining about this seems awfully rich to me since most of those deep blue states generate far more federal tax than they receive.

Never heard of a progressive tax system huh?,... welcome to the real world.

 

[Saint Louis Attorney]

The Democrats want the rest of the country to bail out NY, CA and Illinois. This is BS. having lived in Illinois, and now in the QC, I have seen time after time where the Democrats rolled over for the Unions. Then they give early retirement buyouts to higher paid employees and do not fund the retirement fund. It is a short term fix and only kicks the can down the road. They have done it again and again.

What’s driving Illinois’ $111 billion pension crisis

Retirement ages, COLAs and out-of-sync pension payouts

www.illinoispolicy.org

Illinois now has nearly three people retired for every current employee. CA and NY have done the same ****ing thing. They are poorly run and they want YOU AND ME to bail them out. NOPE, it is their problem!!

Remember when you insisted that Biden wouldn’t debate Trump, then chickened out when challenged with a bet on it?

 

[CarolinaHawkeye]

trump likes to bail out anyone who donates and supports him so I don't understand what op is bitching about.

 

[BigDelHawk]

New York for one, put in way more money than it gets back.

Over the past four years, New York contributed $116.2 billion more to the federal government than it got back in federal spending. The remaining 42 states received more than they contributed, with Virginia, Maryland, Kentucky, Alabama and Ohio leading.Apr 30, 2020 (Factoid)

Because it is the Financial Center of the USA and arguably the Western World. Mostly done today with super computers.

 

[hawkeyetraveler]

Never heard of a progressive tax system huh?,... welcome to the real world.

Please tell me what progressive taxes have to do with per capita federal spending by state.

In Alabama the Feds spend $11,743 per person. Comparatively Illinois only gets $8,188. Illinois is ranked 48 on a per capita basis. Yes we have rich people leading to larger taxes going out. But even controlling for that we still have significantly less benefit coming in.

You might want to sit this one out

 

[BigDelHawk]

Remember when you insisted that Biden wouldn’t debate Trump, then chickened out when challenged with a bet on it?

Remember when Biden started to fade and lose his train of thought after a 90 minute debate last night (clearly visable). Plus, he cannot take stimulants every day, it would kill him. How is he going to hold up to the demands of the White House. Answer...He isn't.

 

[CarolinaHawkeye]

Remember when Biden started to fade and lose his train of thought after a 90 minute debate last night (clearly visable). Plus, he cannot take stimulants every day, it would kill him. How is he going to hold up to the demands of the White House. Answer...He isn't.

I suppose he could take adderall like donald. Would that help?

 

[rocketclone]

New York for one, put in way more money than it gets back.

Over the past four years, New York contributed $116.2 billion more to the federal government than it got back in federal spending. The remaining 42 states received more than they contributed, with Virginia, Maryland, Kentucky, Alabama and Ohio leading.Apr 30, 2020 (Factoid)

You don't address the problem at all. They give more money because their population is higher.

Now, back to the original points, the states did not set aside funds for their pensions for public employees, why should we bail them out of that.

Additionally, their pension rules are unrealistic, and need to be addressed.

That problem was created by the states.

Look at Iowa, they are funding properly.

 

[ATLNole1]

A bailout to help states struggling with pension obligations does not solve the fundamental problems that face pensions. There are no easy solutions but a bailout only kicks the can down the road. It will get really bad when the next stock crash occurs as pensions have shifted to investments tied to equities to chase returns.

 

[BigDelHawk]

I suppose he could take adderall like donald. Would that help?

Still does not answer my question, How is he going to hold up to 16 hour days? 6 hour days? He isn't, it is pretty clear.

 

[mustang_hawk]

Still does not answer my question, How is he going to hold up to 16 hour days? 6 hour days? He isn't, it is pretty clear.

He should hold up pretty well, apparently you have to play golf 1 day out of 3 and watch a lot of TV.

 

[gohawks50]

Remember when Biden started to fade and lose his train of thought after a 90 minute debate last night (clearly visable). Plus, he cannot take stimulants every day, it would kill him. How is he going to hold up to the demands of the White House. Answer...He isn't.

I never saw him fade. Yes, he mixes up words now and then, but I thought Trump supporters were cool with that. I couldn't begin to count the number of times they have excused and defended the President for statements that don't make sense.

 

[BeepBeepInMyJeep]

Illinois is a tough situation, I'll agree generally that there have been some promises made that had no chance of being kept. I'm not sure what the correct solution is that doesn't punish the workers who haven't done anything wrong. My uncle collected on a firefighter's pension and my aunt collects the police pension and the only two real solutions are to cut their benefits or do something to make these funds more solvent.

 

[BioHawk]

You don't address the problem at all. They give more money because their population is higher.

Now, back to the original points, the states did not set aside funds for their pensions for public employees, why should we bail them out of that.

Additionally, their pension rules are unrealistic, and need to be addressed.

That problem was created by the states.

Look at Iowa, they are funding properly.

Probably. But seeing how we bail out banks every chance they mismanage their way into free tax dollar money then I don't have a problem bailing out regular folks as well. Why should banks get this and nobody else?

 

[RileyHawk]

You don't address the problem at all. They give more money because their population is higher.

Now, back to the original points, the states did not set aside funds for their pensions for public employees, why should we bail them out of that.

Additionally, their pension rules are unrealistic, and need to be addressed.

That problem was created by the states.

Look at Iowa, they are funding properly.

I believe they are talking per capita contributions.

 

[rocketclone]

Probably. But seeing how we bail out banks every chance they mismanage their way into free tax dollar money then I don't have a problem bailing out regular folks as well. Why should banks get this and nobody else?

First off, I am not for bailing out banks and I am also against Freddie and Fannie. I thought they should have just let the players fail in 2008, the small town locally owned banks were fine.

The states can solve the problems, would take some tough decisions, but they could make it work.

 

[rocketclone]

I believe they are talking per capita contributions.

So basically what they are saying is redistribution of wealth doesn't work?

 

[WorldSeriesChamps2015]

Yep, those shithole states of New York, California and Illinois are soooo vastly inferior to Alabama, Iowa and Mississippi! Trump2020!!!!

 

[ThorneStockton]

I'm surprised you guys bother with the OP's routine anymore. Resist the urge to punch down. He lives in a alternative reality, don't visit it.

 

[RileyHawk]

First off, I am not for bailing out banks and I am also against Freddie and Fannie. I thought they should have just let the players fail in 2008, the small town locally owned banks were fine.

The states can solve the problems, would take some tough decisions, but they could make it work.

That would have led to economic ruin for the country. Small banks were not fine.

 

[RileyHawk]

So basically what they are saying is redistribution of wealth doesn't work?

No - you're still not understanding. They're saying the distribution is not equitable.

 

[BioHawk]

First off, I am not for bailing out banks and I am also against Freddie and Fannie. I thought they should have just let the players fail in 2008, the small town locally owned banks were fine.

The states can solve the problems, would take some tough decisions, but they could make it work.

It doesn't matter what you do or don't support. The fact is that whenever banks need billions (trillions?) in tax payer money they get it with barely any debate and zero qualifications to get that money. Following that precedent, pension funds should get whatever they want with no questions asked. I don't think that's the best policy, but it's the precedent that's been set. If private corporations get bailouts as needed, then people should get bailouts too. Banks have been bailed out two or three times just in my lifetime.

 

[rocketclone]

That would have led to economic ruin for the country. Small banks were not fine.

Small banks were perfectly fine. The national banks were the ones doing the high risk lending.

All the new rules and regulations are now actually hurting the small banks.

 

[rocketclone]

It doesn't matter what you do or don't support. The fact is that whenever banks need billions (trillions?) in tax payer money they get it with barely any debate and zero qualifications to get that money. Following that precedent, pension funds should get whatever they want with no questions asked. I don't think that's the best policy, but it's the precedent that's been set. If private corporations get bailouts as needed, then people should get bailouts too. Banks have been bailed out two or three times just in my lifetime.

The big companies shouldn't have received bailouts. I worked for a company that followed the rules and also put money away for pensions.

 

[rocketclone]

No - you're still not understanding. They're saying the distribution is not equitable.

Oh I understand. The government is giving the poorer less populated states more money. Redistribution is what they call it. Now you claim it isn't fair.

 

[Finance85]

Remember when Biden started to fade and lose his train of thought after a 90 minute debate last night (clearly visable). Plus, he cannot take stimulants every day, it would kill him. How is he going to hold up to the demands of the White House. Answer...He isn't.

Sure he will. Why wouldn't he? He will be mostly a figurehead.

 

[naturalmwa]

It seems like we bail out Florida, Louisiana, South Carolina and Texas about ever other year. We are the United States. We help each other. And those blue states contribute a hell of a lot more to the federal government than red states if you want to be chippy.

 

[CleteyColgate]

The pension problems in some of these states are out of control.

Usually what happens is that the feds push their problems down to the states, the states to the locals. And the local governments bear most of the burden

 

[RileyHawk]

Small banks were perfectly fine. The national banks were the ones doing the high risk lending.

All the new rules and regulations are now actually hurting the small banks.

No. The small banks are part of the whole banking system that was failing. Without propping up the large banks the financial system would have crashed and taken small banks with it.

 

[RileyHawk]

Oh I understand. The government is giving the poorer less populated states more money. Redistribution is what they call it. Now you claim it isn't fair.

It's not redistributing personal wealth. It's large states funding small states. Given your posting on similar topics, how do you justify this?

 

[BioHawk]

The big companies shouldn't have received bailouts. I worked for a company that followed the rules and also put money away for pensions.

Nope, they shouldn't have. Well, they shouldn't have without qualifications for changing their business practices and increased regulation at any rate.

But they did, so this is where we are.

 

[mthawkeyes]

Please tell me what progressive taxes have to do with per capita federal spending by state.

In Alabama the Feds spend $11,743 per person. Comparatively Illinois only gets $8,188. Illinois is ranked 48 on a per capita basis. Yes we have rich people leading to larger taxes going out. But even controlling for that we still have significantly less benefit coming in.

You might want to sit this one out

Looks like some people didn't have time to read this post and respond to it. Poor management aside, I suspect that the fiscal position of state government and pensions in Illinois could be a lot rosier if they had an extra $3K per resident every year. It's pretty clear who is being propped up, and it's not Democrat-run Illinois.

 

[mthawkeyes]

Oh I understand. The government is giving the poorer less populated states more money. Redistribution is what they call it. Now you claim it isn't fair.

What's not fair is making the claim that states run by Democrats are pilloried by the right as being poorly run, while the states with GOP leadership are the ones who are actually far more dependent on the largesse of the federal government and the "redistribution" that they like to rail against.