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Thread: These American states are drowning in ‘irretrievable’ debt

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  1. 07-29-2018, 07:38 AM #1
    Judy
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    These American states are drowning in ‘irretrievable’ debt

    These American states are drowning in ‘irretrievable’ debt

    By Megan HenneyPublished July 26, 2018

    Connecticut may be the richest state in the country, on a per capita basis, but it's racked up a sizable debt worth more than $53 billion – and it could be taxpayers who are forced to bail out the Constitution State, according to the former governor of Indiana.

    “Someone’s going to the barbershop,” Mitch Daniels, a Republican, said during an interview with FOX Business’ Stuart Varney on Thursday. “The first will be the taxpayers, already beleaguered in some of these states.”

    And Connecticut isn’t the only state struggling with a debt crisis: California, Illinois, New Jersey and New York are unable to make pension payments to retired government workers.

    In Illinois, for instance, vendors wait months to be paid by a government that’s $30 billion in debt, and one whose bonds are just one notch above junk bond status, according to Daniels. New York’s more than $356 billion in debt; New Jersey more than $104 billion; and California more than $428 billion.

    https://www.foxbusiness.com/politics...trievable-debt
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  2. 07-29-2018, 07:42 AM #2
    Judy
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    Oh my God. Gee, I guess all those wonderful illegal aliens aren't paying as many taxes as some tout, huh? I don't guess all that "free trade" has been paying the bills either, huh? That is just unbelievable debt for these states.
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  3. 07-29-2018, 09:25 PM #3
    JohnDoe2
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    Today the Federal Debt is about $21,298,625,513,846.47


    At the end of FY 2018 the gross     US federal government debt is estimated to be $21.48 trillion.



    ‎Debt/Deficit History · ‎Total Public Debt · ‎Recent Debt History· ‎Federal Debt

    Government Debt in the United States - Debt Clock

    https://www.usgovernmentdebt.us/
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  4. 07-29-2018, 10:07 PM #4
    Judy
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    Quote Originally Posted by JohnDoe2 View Post
    Today the Federal Debt is about $21,298,625,513,846.47


    At the end of FY 2018 the gross     US federal government debt is estimated to be $21.48 trillion.



    ‎Debt/Deficit History · ‎Total Public Debt · ‎Recent Debt History· ‎Federal Debt

    Government Debt in the United States - Debt Clock

    https://www.usgovernmentdebt.us/
    Which all went to the states.
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  5. 07-29-2018, 10:35 PM #5
    JohnDoe2
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    The military got a large portion.

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  6. 07-29-2018, 10:37 PM #6
    JohnDoe2
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  7. 07-29-2018, 10:38 PM #7
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  8. 07-29-2018, 10:40 PM #8
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  9. 07-29-2018, 10:43 PM #9
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    https://www.nationalpriorities.org/b...-101/spending/
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  10. 07-29-2018, 11:27 PM #10
    Judy
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    Taxes paid for the military, SS, Medicare, and government operations. The rest went to the States and was paid for with debt.
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