-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
Cool graphic with state by state unemployment, budget, foreclosure rates.
- Thread starter StageLeft
- Start date
MovingTarget
Diamond Member
I'm surprised, but my state seems to be doing alright in all three of those areas. Who'd have thought that AL would be doing better than GA, FL, or even the west coast states? I didn't...
That's a nice graphic and all... but it doesn't really present a picture of reality in some cases. Indiana is shown as having a $700+ million deficit, when in reality we are projecting a $1.3 Billion surplus. They just pulled statistics without looking at them in any context it seems.
Insomniator
Diamond Member
I just don't understand economics. How the hell can one state be, or even be allowed to get to 14 billion in debt when an equally huge state like texas is even?
Why do we need California again?
Why do we need California again?
CrackRabbit
Lifer
State laws, basically Texas' laws require the state to have a balanced budget every year. Or the state shuts down until it is balanced.
From what I understand California has no such law.
heyheybooboo
Diamond Member
I believe every state has a balanced budget requirement.
And if you plow through some of these reports I think you will find that Federal funding of Texas secondary and higher education has increased in the last 7 years approximately 70% (the highest increase in the nation).
I would guess that comes to a screeching halt in the next Federal budget.
YoungGun21
Platinum Member
So IL is getting our asses kicked, but I think we have an alright excuse. Blago was a p.o.s. governor.
miketheidiot
Lifer
where would you get your food, oil, etc etc etc from?
YoungGun21
Platinum Member
We should tax all of their imports. They are basically their own nation anyway... given a few thousand years we won't be connected by land too. So that's a plus.
Paddington
Senior member
I live in Ohio where there's a budget deficit.
To be honest with you, they could plug it quite easily. They could temporarily raise the sales tax 0.5% (which is what they do quite frequently, and then lower it again), or they could delay by one year some of the income tax cuts going into effect.
But at this point there's no incentive for them to do so. The governor is rather spineless and wants to be well liked. More importantly, everyone knows there's going to be a giant bailout for California. If that's the case, why be stupid and end up paying for it, when you could have your own bailout! So many states are just sitting there quietly waiting for Obama's state bailout. I've been surprised by how little talk nationally there has been about various state's either raising taxes or cutting spending, given the size of these deficits. But they know the bailout is coming, and they'll take it.
To be honest with you, they could plug it quite easily. They could temporarily raise the sales tax 0.5% (which is what they do quite frequently, and then lower it again), or they could delay by one year some of the income tax cuts going into effect.
But at this point there's no incentive for them to do so. The governor is rather spineless and wants to be well liked. More importantly, everyone knows there's going to be a giant bailout for California. If that's the case, why be stupid and end up paying for it, when you could have your own bailout! So many states are just sitting there quietly waiting for Obama's state bailout. I've been surprised by how little talk nationally there has been about various state's either raising taxes or cutting spending, given the size of these deficits. But they know the bailout is coming, and they'll take it.
Paddington
Senior member
Texas made out like bandits in all kinds of things under Bush, and I say this as someone who voted for him. You'd be surprised at how many contracts for Iraq - even non-oil related - went to Texas firms.
I am surprised Florida is leading at 7.3% on foreclosures.. I thought Nevada, California, or Arizona would be worse..
But, I will say that you can't take the 7.3% figure like '7.3% of homeowners lost their homes.' There are so many people here that had nothing but a decent job and a single house.. and used it to leverage to buy another house.. and used that house to leverage to buy another.. and so on..
A real estate agent (who is my age.. 26) that I know 'owned' 30+ houses two years ago.. A police officer I met on the golf course said he was in the process of foreclosing on 3 houses that surround the golf course.. $400k houses.. and a POLICE OFFICER! And he was playing golf.. on an expensive course.. A real estate auctioneer that I know (who had to close up shop) owned something like 45 houses.. These people would greatly skew the '1-2 houses per family figure..'
But, I will say that you can't take the 7.3% figure like '7.3% of homeowners lost their homes.' There are so many people here that had nothing but a decent job and a single house.. and used it to leverage to buy another house.. and used that house to leverage to buy another.. and so on..
A real estate agent (who is my age.. 26) that I know 'owned' 30+ houses two years ago.. A police officer I met on the golf course said he was in the process of foreclosing on 3 houses that surround the golf course.. $400k houses.. and a POLICE OFFICER! And he was playing golf.. on an expensive course.. A real estate auctioneer that I know (who had to close up shop) owned something like 45 houses.. These people would greatly skew the '1-2 houses per family figure..'
cKGunslinger
Lifer
For a state that doesn't actually exist, Wyoming is doing pretty well.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 24K
-
-
