Platinum Contributing Member Highmark Posted June 22, 2017 Platinum Contributing Member Share Posted June 22, 2017 Over $2 Trillion in unfunded liabilities and other retirement benefits in just 6 of those states. http://www.dailywire.com/news/7619/9-most-bankrupt-states-america-yours-list-aaron-bandler#exit-modal 9 Most Bankrupt States In America: Is Yours On The List? A new report shows that the California Public Employees Retirement System (CalPERS) received less than one percent on its investment, putting the country's biggest pension fund at a stunning $100 billion shortfall. Not surprisingly, California is ranked among the top nine in the states with the worst fiscal condition by the Mercatus Center, as of June 1. Here are each of the states that made the top nine in their rankings: 1. Connecticut: $20.88 billion in total debt. $102.84 billion in unfunded liabilities and other retirement benefits. $505 in deficit per capita. 2. Massachusetts: $26.73 billion in total debt. $190.83 billion in in unfunded liabilities and other retirement benefits. $342 in deficit per capita. 3. New Jersey: $41.84 billion in total debt. $255.2 billion in unfunded pension liabilities and other retirement benefits. $396 in deficit per capita. 4. Illinois: $35.5 billion in total debt. $332.54 billion in unfunded pension liabilities and other re786tirement benefits. $40 in deficit per capita. 5. Kentucky: $8.23 billion in total debt. $82.68 billion in unfunded liabilities and other retirement benefits. $100 in deficit per capita. 6. Hawaii: $7.78 billion in total debt. $39.92 billion in unfunded liabilities and other retirement benefits. $83 in deficit per capita. 7. California: $118.7 billion in total debt. $785.72 billion in unfunded liabilities and other retirement benefits. $250 in surplus per capita. 8. Maine: $1.2 billion in total debt. $15.2 billion in unfunded liabilities and other retirement benefits. $20 in deficit per capita. 9. New York: $58.32 billion in total debt. $349.81 billion in unfunded liabilities and other retirement benefits. $125 in surplus per capita. The key takeaway from the Mercatus Center's list is that the vast majority of the states in poor fiscal health are blue states, demonstrating yet again how lavish government spending is unsustainable and economically unviable in the long run. The dismal return on CalPERS's investments are particularly reflective of that common sense economic reality. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted June 22, 2017 Platinum Contributing Member Share Posted June 22, 2017 Nope not on the list. NY, CA & Illinois look like shit though...damn! Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 22, 2017 Share Posted June 22, 2017 (edited) But.....But.....But..... there is another map that shows what states are takers and who gives the most back..... blah blah blah. That will be the counter argument...... https://www.theatlantic.com/business/archive/2014/05/which-states-are-givers-and-which-are-takers/361668/ Edited June 22, 2017 by racer254 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 22, 2017 Share Posted June 22, 2017 All of those states except Maine drive the US economy. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted June 22, 2017 Platinum Contributing Member Share Posted June 22, 2017 4 minutes ago, Mainecat said: All of those states except Maine drive the US economy. And yet they are in debt up to their eye balls Quote Link to comment Share on other sites More sharing options...
SmeeAgain Posted June 22, 2017 Share Posted June 22, 2017 4 minutes ago, Mainecat said: All of those states except Maine drive the US economy. Don't you mean businesses in those states drive the economy and the liberals get used to sucking on their hard work? 2 Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted June 22, 2017 Share Posted June 22, 2017 Cali doesn't surprise me at all, Liberal Entitlement state. Quote Link to comment Share on other sites More sharing options...
racer254 Posted June 22, 2017 Share Posted June 22, 2017 6 minutes ago, Mainecat said: All of those states except Maine drive the US economy. 1 minute ago, Skidooski said: And yet they are in debt up to their eye balls Quote Link to comment Share on other sites More sharing options...
Turf Posted June 22, 2017 Share Posted June 22, 2017 So could we then call it a false economy driven by boat loads of debt Quote Link to comment Share on other sites More sharing options...
MiSledder Posted June 22, 2017 Share Posted June 22, 2017 1 hour ago, Mainecat said: All of those states except Maine drive the US economy. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted June 22, 2017 Share Posted June 22, 2017 58 minutes ago, Mainecat said: All of those states except Maine drive the US economy. Hawaii and Kentucky is now a "major" driver Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted June 22, 2017 Share Posted June 22, 2017 FDR was absolutely against public sector unions and this is why. Most of these states are rich and have huge tax bases so the problem is spending not revenue. You would think this would be a no brainier for both parties but we know better. 2 Quote Link to comment Share on other sites More sharing options...
USA Contributing Member $poorsledder$ Posted June 22, 2017 USA Contributing Member Share Posted June 22, 2017 1 hour ago, Mainecat said: All of those states except Maine drive the US economy. Your such an asshole. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 22, 2017 Author Platinum Contributing Member Share Posted June 22, 2017 1 hour ago, Mainecat said: All of those states except Maine drive the US economy. Connecticut, Mass, Kentucky and Hawaii drive the US economy? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 22, 2017 Author Platinum Contributing Member Share Posted June 22, 2017 13 minutes ago, Carlos Danger said: FDR was absolutely against public sector unions and this is why. Most of these states are rich and have huge tax bases so the problem is spending not revenue. You would think this would be a no brainier for both parties but we know better. FDR lovers never admit this truth. https://www.nytimes.com/roomfordebate/2011/02/18/the-first-blow-against-public-employees/fdr-warned-us-about-public-sector-unions The founders of the labor movement viewed unions as a vehicle to get workers more of the profits they help create. Government workers, however, don’t generate profits. They merely negotiate for more tax money. When government unions strike, they strike against taxpayers. F.D.R. considered this “unthinkable and intolerable.” Quote Link to comment Share on other sites More sharing options...
Gold Member Kivalo Posted June 22, 2017 Gold Member Share Posted June 22, 2017 27 minutes ago, Carlos Danger said: FDR was absolutely against public sector unions and this is why. Most of these states are rich and have huge tax bases so the problem is spending not revenue. You would think this would be a no brainier for both parties but we know better. As much as I dislike FDR's New Deal programs he was NOT in favor of handouts. He wanted to put people back to work not give anyone a free ride. Quote Link to comment Share on other sites More sharing options...
Gold Member Kivalo Posted June 22, 2017 Gold Member Share Posted June 22, 2017 1 hour ago, Mainecat said: All of those states except Maine drive the US economy. 26 minutes ago, $poorsledder$ said: Your such an DUMB asshole. fixed! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 22, 2017 Author Platinum Contributing Member Share Posted June 22, 2017 Just now, Kivalo said: As much as I dislike FDR's New Deal programs he was NOT in favor of handouts. He wanted to put people back to work not give anyone a free ride. That might be true but I'm sure he was aware that in nature you can't give shit out without creatures becoming dependent on them. I don't believe he was doing it to secure votes like LBJ was doing with the Great Society bullshit. Quote Link to comment Share on other sites More sharing options...
Gold Member Kivalo Posted June 22, 2017 Gold Member Share Posted June 22, 2017 Just now, Highmark said: That might be true but I'm sure he was aware that in nature you can't give shit out without creatures becoming dependent on them. I don't believe he was doing it to secure votes like LBJ was doing with the Great Society bullshit. Yep, a major flaw in his logic with the New Deal. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 22, 2017 Share Posted June 22, 2017 1 hour ago, $poorsledder$ said: Your such an asshole. Your ignorant Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 22, 2017 Share Posted June 22, 2017 Why would some of the largest US corporations locate in these states? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted June 22, 2017 Share Posted June 22, 2017 41 minutes ago, Highmark said: Connecticut, Mass, Kentucky and Hawaii drive the US economy? CT and MA both have big economic engines. KY and HI you have to figure he's joking. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 22, 2017 Share Posted June 22, 2017 1 hour ago, Highmark said: Connecticut, Mass, Kentucky and Hawaii drive the US economy? you left out California...yes they do. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted June 22, 2017 Share Posted June 22, 2017 (edited) Lets take those states out of the US tax rolls and see what happens. California's economy is larger all but 5 nations Edited June 22, 2017 by Mainecat Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 22, 2017 Author Platinum Contributing Member Share Posted June 22, 2017 37 minutes ago, Mainecat said: you left out California...yes they do. I was picking the ones I disagreed with you on. Quote Link to comment Share on other sites More sharing options...
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