"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith
the s-word has long been obscene
Barack Obama's economic proposals: Just don't call it stimulus | The Economist
Obama's Next Economic Plan: Don't Call It a Stimulus - TIME
no politician interested in winning an election will be able to use it again for a generation
it is still sometimes surprising how completely uninformed are the voters upon whom obama depends
it was also quite refreshing tonite to hear governors kasich, walker, fallin, ayotte and chris christie lay out their real accomplishments, often with democrat support to get thru the legislature, relative to these 4+ trillion dollars of promises sure to be bankrupt without courageous and visionary leadership and action
as for unfunded mandates: STUDY: States over $4 trillion in debt | WashingtonExaminer.com
Or is it the failure of public schools today due to lack of funding?
Religion suspends the use of critical thinking. Americas idiocy is compelling, but this future will be grim. I cannot remember a time one voters were so out of touch with the words that are spewed from their mouth. I had faith in America's youth, but they just wanted me to lose it for them. Otherwise they wouldn't harbor their stupidity combined with their inaccurate sense of self
Gee, imagine the fact that debt level seems to mostly follow population level, although Texas did fall behind New York which has a smaller population is not that much higher than Illinois, New Jersey and Ohio, although it has a significanlty higher population. Since this "study" includes future payouts for things like pensions, etc. What is the actual debt held by the individuals states? After all, more population means more state workers which means more pension and other related debts.
So lets take a look at other factors of states with populations over 10 million. California, Texas, Florida, New York, Pennsylvania, Illinois and Ohio.
Hisotricl Political lean.
California, Illinois, New York, Pennsylvania
Right to work states
Max Tax rates, personal and corporate
California-- personal 10.3, corp. 8.84
Florida-- personal n/a, corp 5.5
Illinois--personal 5, corp. 9.5
New York--personal 8.97, corp 7.1
Ohio-- perssonal 9.925, corp n/a
Pennsylvania--personal 3.7 corp. 9.99
Texas-- personal n/a, corp n/a
Economic performance rating (2011)
New York (40)
Debt per Capita
Florida (30)- $1,630
Illinois (36) - $2,234
New York (39) - $2,829
Pennsylvania (14) - $841
Ohio (24)- $ 1,465
Texas (29) - $1,568
Previous data extracted from https://docs.google.com/spreadsheet/...h2aWc&hl=en_US
Current Unemployment rates (July 2012) from our fine government of course
Florida (39) --8.8
Illinois (40) --8.9
New York (43) --9.1
Ohio (19) -- 7.2
Pennsylvania (29) -- 7.9
Texas (19) -- 7.2
Best places to do business rankings (Another Triumph for Texas: Best/Worst States for Business 2012 | ChiefExecutive.net | Chief Executive Magazine)
New York 49
Without changes in laws, this pretty much tells us where most business, other than local small business are going to be or move to.
Yes, there is much more data, but I tried to limit it here for space and things not just, duh, they have more people items. Take a look at the data and come to your own conclusions, for economic performance, large liberal states really suck and the only large conservative state is doing ok, even with the national downturn/recession.
the narcissism of those who think their platonic musings golden merely by virtue of the ideas being their own is insufferably matched only by the obfuscator-in-chief in love with his own voice
obama depends on the uninformed to put him over their top, they're too flaky to be relied upon
whereas the kind of people who read and watch and take note of daily developments are red hot and champing at the bit
keep getting the word out, redouble your efforts NOW
no let up until he's GONE
governor cuomo knows in dark blue new york
excerpts from his first state of the state:
"we have the worst business tax climate in the nation, period, our taxes are 66% higher than the national average"
"the costs of pensions are exploding... a 476% increase and its only getting worse"
"the state of new york spends too much money, it is that blunt and it is that simple"
"an unsustainable rate of growth and it has been for a long time"
"not only do we spend too much, but we get too little in return"
"the large government we have is all too often responsive to the special interests over the people"
"new yorkers are voting with their feet, two million new yorkers have left the state over the past decade"
"what does this say, it says we need radical reform, it says we need a new approach, we need a new perspective and we need it now"
"this is a fundamental realignment for the state"
"the old way wasn't working anyway, let's be honest"
"we want a government that puts the people first and not the special interests first"
"what made new york the empire state was a not a large government complex, it was a vibrant private sector that was creating great jobs"
"and that's what's going to make us the empire state again"
"at the heart of this state is business"
"we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"
"we are going to have to confront the tax situation in our state, property taxes in this state are killing new yorkers, thirteen of the sixteen highest tax counties are in new york when assessed by home value"
"westchester county has the highest property taxes in the united states, nassau county has the second highest"
"it has to end, it has to end this year"
"we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"
"put it simply, the people of this state simply cannot afford to pay any more taxes, period"
"we have to start with an emergency financial plan to stabilize our finances, we need to hold the line and we need to institute a wage freeze in the state of new york, we need to hold the line on taxes, we need a state spending cap and we need to close this $10 billion gap without any borrowing"
GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo
cuomo channels ronald reagan (without the smile)
and the results: Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely
what does cuomo know that obtuse obama and his completely uninformed marionettes don't?
ie, why would the governor of new york say and do such things?