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Indebted states stay blue. Do they hope to be bailed out?
Data from Forbes.com ^ | 11-04-10 | Dangus

Posted on 11/04/2010 9:50:03 PM PDT by dangus

Thirteen Democrat candidates for the United States Senate won on Tuesday. Ten of them were from the eleven most indebted states in the union. Not one state in those eleven elected anyone but a Democrat. Those eleven states are, with their per capita debt in parentheses, in order:

Connecticut ($4,490)

Massachusetts ($4,323),

Hawaii ($3,675),

New Jersey ($3,621),

New York ($2,981),

Delaware ($2,128),

Washington ($2,087),

Illinois ($1,877),

Rhode Island ($1,812),

California ($1,805).

and Oregon ($1,606).

(Rhode Island and New Jersey didn't elect any senators; New York elected two Democrats.)

The Democratic success runs far deeper than the U.S. Senate races. Although Republicans could make marginal gains in Oregon and New York, not one legislative chamber in any of those eleven states is controlled by Republicans. And whereas the rest of the Union replaced almost 700 Democrat legislators with Republicans, any Republican gains in these states were mostly quite modest; Hawaii, in fact, now has but a single Republican legislator in its upper chamber.

It might be easy to write these eleven states off as hopelessly liberal, but Minnesota had massive Democrat majorities going into last Tuesday, yet now has Republican majorities in both chambers. And that state has never in my lifetime voted for a Republican presidential candidate... not even Ronald Reagan! So what separates these states from Minnesota? It's not demographics. It's not income levels, demographics or unemployment.

It's debt.

So why would the states that are on the verge of insolvency due to their debt crises keep electing the same people who drove them into such debt? One frightening yet simple answer leaps to mind: they expect us to pay for it. A state couldn't really go bankrupt. The United States government, headed by the Obama administration couldn't possibly allow that to happen, right? That must be what they're thinking: why make the difficult spending cuts when Uncle Sam will always bail you out, right?


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; Politics/Elections; US: California; US: Connecticut; US: Hawaii; US: Illinois; US: Massachusetts; US: New Jersey; US: New York; US: Oregon; US: Rhode Island; US: Vermont; US: Washington
KEYWORDS: bailout; bankrupt; bho44; congress; dangus; debt; democrats; economy; obama; pensions; reid; senate
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1 posted on 11/04/2010 9:50:06 PM PDT by dangus
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To: dangus

bookmark.


2 posted on 11/04/2010 9:51:14 PM PDT by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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To: dangus
Photobucket
3 posted on 11/04/2010 9:53:07 PM PDT by xuberalles ("The Right Stuff" Conservative Novelties http://www.zazzle.com/xuberalles)
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To: dangus
Do they hope to be bailed out?

They are way too arrogant than that. They expect to be bailed out.

4 posted on 11/04/2010 9:53:11 PM PDT by outofstyle (Anti-socialist)
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To: dangus

CA? “Drill baby Drill, you got the resources ...”


5 posted on 11/04/2010 9:54:58 PM PDT by 11th_VA (Things that have never happened before, happen every day ....)
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To: dangus

Forbes rates states not by how much debt they currently owe, but also considering how many unfunded liabilities they have. That’s probably very reasonable for Forbes’ purposes: assessing the security of their public bonds. But that can have much to do with demographics, industrial base, even disasters (in the cases of Louisiana and Mississippi), and budget crises ten or twenty years from now are probably motivating voters less.


6 posted on 11/04/2010 9:55:14 PM PDT by dangus
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To: 11th_VA

Not gonna happen under Moonbeam.

California voted for Economic Suicide this time, with NO ONE to restrain them.

When the streetlights start going out after California finally stops paying it’s bills, maybe, just maybe, they’ll get the hint.


7 posted on 11/04/2010 9:57:26 PM PDT by tcrlaf (Obama White House=Tammany Hall on the National Mall)
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To: dangus
I have a modest proposal. If a state demands a federal bailout, there should be a price. Because the voters of the state have proven that they are not ready for republican self-government, Congress should invoke Article IV, Section 4 of the Constitution, where the federal government guarantees the states a republican government.
8 posted on 11/04/2010 9:57:42 PM PDT by Publius (The government only knows how to turn gold into lead.)
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To: tcrlaf

(Jerry) Brown or Gray (Davis), the point is California’s going dark.


9 posted on 11/04/2010 10:00:08 PM PDT by dangus
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To: tcrlaf

Yep - These people don’t understand what’s going to hit them ... My comment was what the GOP should tell them when they come begging. Its like your friend who borrows money when he’s unemployed, then buys T-Bone steaks to feed himself ... reality is about to hit ...


10 posted on 11/04/2010 10:03:42 PM PDT by 11th_VA (Things that have never happened before, happen every day ....)
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To: outofstyle
They are way too arrogant than that. They expect to be bailed out.

Yup, Tea Party Santa has a sack full of coal for the bad little boys and gays of Califreakia.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

11 posted on 11/04/2010 10:06:33 PM PDT by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: tcrlaf

“California voted for Economic Suicide this time, with NO ONE to restrain them.”

After this election, I hope that the last good people make it out of the place if they can. It’s beyond hope.


12 posted on 11/04/2010 10:06:35 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: 11th_VA

CA’s wealth came a lot from oil, agricultural, Hollywood’s crap and high tech.

Much of America’s wealth was largely created by various oil/energy booms. PA, then TX, then CA, then AK, then Gulf of Mexico and now ND and other shale regions.

The energy is still there.


13 posted on 11/04/2010 10:07:12 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: dangus

Federal government is already starting to bailout state governments:

http://www.economicpolicyjournal.com/2010/11/analyst-multiple-municipal-defaults-to.html


14 posted on 11/04/2010 10:07:15 PM PDT by FromLori (FromLori)
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To: dangus

The Hawaii voters overwhelmingly voted Democrat, again. All the Democrats running for Congressional seats ran on Obama’s record. All touted his failed policies.........and won!!
Current law requires the legislature to return all unspent tax money to the taxpayers after two consecutive years of excess taxes. An amendment on the ballot this election allowed for the legislature to keep the money for whatever they wished to spend and IT PASSED. This is sick!!


15 posted on 11/04/2010 10:07:27 PM PDT by Dapper 26
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To: outofstyle

No, they will DEMAND to be bailed out.


16 posted on 11/04/2010 10:08:00 PM PDT by Lorianne (During times of universal deceit, telling the truth becomes a revolutionary act. ___ George Orwell)
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To: outofstyle
They may have expected to be bailed out on November 1st, but November 2nd put a crimp in their plans.

The money comes from the House of Representatives, not the Senate and not the White House.

The fact that we didn't get the Senate back this year is bothering me less and less. Harry will be squirming with all the Remove and Replace House Legislation and Schumer will be behind him wearing his Sharon Angle Campaign Button while putting needles in his Harry Reid Voodoo doll.

17 posted on 11/04/2010 10:12:31 PM PDT by Kickass Conservative (If Sarah Palin was President, you would have a job by now...)
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To: Frantzie
The energy is still there.

That's my point - they don't need a bailout ...

18 posted on 11/04/2010 10:13:32 PM PDT by 11th_VA (Things that have never happened before, happen every day ....)
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To: dangus

Hilarious!
The House holds the purse strings, and this new Republican House ain’t about to “bail out” those stinking, corrupt, communist Democrat states. They can go straight to hell and take their scumbag unionized state workers and their bloated pensions with them..


19 posted on 11/04/2010 10:14:04 PM PDT by Lancey Howard
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To: Lorianne
“No, they will DEMAND to be bailed out”.

Wish in one hand and spit in the other and see which one fills up first.

20 posted on 11/04/2010 10:14:20 PM PDT by Kickass Conservative (If Sarah Palin was President, you would have a job by now...)
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To: dangus
These are the government employment welfare and regular welfare states where the 50% +1 voters have passed the tipping point.
These states will run their states all the way down asking for hand outs all the way down to the dust.
21 posted on 11/04/2010 10:15:19 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: Lancey Howard

YES, what YOU SAID!


22 posted on 11/04/2010 10:15:30 PM PDT by goodnesswins (f you don't support Obama, and the deconstruction of America: YOU are a RACIST.)
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To: Publius
Flawless. Kudos.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

23 posted on 11/04/2010 10:15:57 PM PDT by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: Publius
I have a modest proposal. If a state demands a federal bailout, there should be a price.

I'm sure you saw the election results on Tuesday.
Bailouts aren't happening anytime soon. Period.

24 posted on 11/04/2010 10:16:34 PM PDT by Lancey Howard
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To: dangus
Let me see if I've got this straight...

The
BLUE states are in the RED.

But the RED states are in the BLACK.

But the BLUE states spend so much on enviromental GREEN, they don't have enough GREEN money to get them in the BLACK.

But maybe the obama administration just puts too much emphasis on COLOR.

25 posted on 11/04/2010 10:16:40 PM PDT by FrankR (REPEAL Obamacare, or we'll vote you outta' here....)
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To: dangus

Those voters don’t even understand the concept of government debt - to them, government is just a big stash of money and there is always plenty for everybody - except when the mean old Republicans get elected and try to keep it all for themselves.


26 posted on 11/04/2010 10:17:10 PM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)
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To: dangus

The GOP House should turn off the spigot and force the Democrats in those states to do what the Left always presses Republicans to do: to raise taxes or make heavy cuts to programs for the dependent class.

Then sit back and watch the fun begin!


27 posted on 11/04/2010 10:19:59 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Publius

An easier proposal is to simply let the state go through the insolvency process. ALL contracts are thrown out to include pension obligations. Assets are sold off and day to day functions continue. I’d enjoy reading that many bureaucrats who thought they’d retired with pensions and benefits worth $1000/week or much more will instead be wards of the pension benefit guarantee corporation.


28 posted on 11/04/2010 10:21:01 PM PDT by MSF BU (YR'S Please Support our troops: JOIN THEM!)
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To: dangus

Those blue states were red until the 2000 election. I still consider them red in color and Red politically as well as being in the red financially.


29 posted on 11/04/2010 10:30:26 PM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: dangus
Perhaps the TEA Party congressmen can add a new word to the DC lexicon:

NO.

30 posted on 11/04/2010 10:30:41 PM PDT by roamer_1 (Globalism is just Socialism in a business suit)
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To: Mr. Jeeves

“Those voters don’t even understand the concept of government debt”

No they don’t, even worse most of them college degrees.


31 posted on 11/04/2010 10:35:00 PM PDT by Sparky1776
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To: dangus

The MSM is going to go berserk if there is no bailout. Pass the popcorn.

Let’s hope the tea party infusion will stiffen some house spines.


32 posted on 11/04/2010 10:35:24 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: dangus

I don’t want to bail ANY of them out!!


33 posted on 11/04/2010 10:50:07 PM PDT by JSDude1 (http://novemberspeaks.com/)
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To: goldstategop

The House needs to pass reverse mandates on the states. One mandate might be that if a state’s per capita debt exceeds X then the state doesn’t get anymore federal money. Treat the states likes businesses - if they go into debt - they get their federal credit card cutoff. Everyone who doesn’t work for the gov’t or live in one of these benighted states will instantly understand the need for this because they’ve had to do it themselves.


34 posted on 11/04/2010 10:53:18 PM PDT by vbmoneyspender
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To: Mr. Jeeves

That’s about the best summary of the lieberal view of government spending I’ve ever read. There’ just no thought that the money has to come from somewhere and could in fact run out. Government is their god.


35 posted on 11/04/2010 10:56:09 PM PDT by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: Publius

The assets of every public official in the state who led it to its current condition should be relieved of all assets, together with all his/her heirs. Too many of them and their family members became wealthy by abusing the public trust. Let those ill-gained assets revert to the state to assist in the bailout.


36 posted on 11/04/2010 11:02:51 PM PDT by EDINVA
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To: dangus

When asked about the reasons that people in these states reelected these liberals, a political commentator said that these states tend to be more secular and socialistic (entitlement dependent). The sad part about these states is that they depend upon the red states to support them financially. States that live within their own budgets will be forced by the federal government to bail out these states. If there was ever a argument for state’s rights, this would be a good one. Red states should not be fleeced by the blue ones. Let them suffer.


37 posted on 11/04/2010 11:05:44 PM PDT by Nosterrex
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To: dangus

Holy crap! Alabama's gonna starve!

These are almost all high productivity, high income states. They can withstand a higher debt load.

What we want is for them to hit the wall and start demanding a reduction in Federal taxes.

We want Atlas to shrug.

38 posted on 11/04/2010 11:26:43 PM PDT by MARTIAL MONK (I'm waiting for the POP!)
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To: dangus
“Sadly, in California, Republican leaders tried to campaign to the left of the Democrats and the result was disastrous. While the rest of the country was celebrating historic Republican gains (including a net gain of at least 61 U.S. House Seats, 6 U.S. Senate Seats, 680 state legislative seats, 19 state legislatures and seven governors), the statewide Republican ticket in California imploded and Republicans actually lost a legislative seat in the Assembly. Republicans nationally now hold more state legislative seats than in any year since 1928, except in California were they hold fewer than at any time since 1978!”

- - Rep. Tom McClintock (R-CA4), November 4, 2010


39 posted on 11/04/2010 11:31:05 PM PDT by calcowgirl
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To: dangus

Wow!

California is in better shape than I thought.


40 posted on 11/04/2010 11:31:32 PM PDT by smokingfrog (Because you don't live near a bakery doesn't mean you have to go without cheesecake.)
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To: dangus

Beware the lame duck.

NO MORE BAILOUTS


41 posted on 11/04/2010 11:44:03 PM PDT by Carley (WE SAW NOVEMBER FROM OUR HOUSE)
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To: dangus

We’re number one!

We’re number one!

(Too bad this isn’t NCAA basketball. :-( )

One of the talk shows had that Commie Duby lady talking about how “new taxes are needed”. Taxes couldn’t even dent the CT deficit, particularly since the wealthy own two houses (one out of state) and could bolt five seconds after the tax bill was passed.


42 posted on 11/04/2010 11:44:34 PM PDT by cgbg (No bailouts for New York and California. Let them eat debt.)
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To: Publius

(your proposal for bailout penalties)

Excellent post—that is the kind of “out of the box” thinking we need.


43 posted on 11/04/2010 11:46:48 PM PDT by cgbg (No bailouts for New York and California. Let them eat debt.)
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To: cgbg

My proposal—any state that requests a bailout shall be declared a “criminal enterprise” and the governor and their cabinet shall be hauled off to jail for the balance of their term. The request would then be denied.

Then the next governor can decide if they want to renew the request. :-)


44 posted on 11/04/2010 11:50:53 PM PDT by cgbg (No bailouts for New York and California. Let them eat debt.)
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To: calcowgirl

With the politicians cut out of their sweetheart redistricting deals, average citizens can draw lines that actually hold politicians accountable.

We’ll choose them instead of their choosing us to guarantee their perpetual re-election in “safe” seats.

That is how democracy is supposed to work as we all learned in our civic books in school. Our vote should actually be able to affect them at election time.


45 posted on 11/04/2010 11:55:08 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

I doubt that we will find “average citizens” on the panel.
Instead, they will be carefully selected by the same darn politicians that have abused the process for years.

How are you liking Colorado? Nice to see ya around here! :-)


46 posted on 11/04/2010 11:57:26 PM PDT by calcowgirl
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To: dangus
“(Jerry) Brown or Gray (Davis), the point is California’s going dark.”

Allow me to extend the pun...

Schwarz(enegger).

Schwarz is German for “black.”

47 posted on 11/05/2010 12:55:26 AM PDT by zeestephen
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To: calcowgirl

Great... the last few years I’ve lived here.

The panel is admittedly flawed. But I doubt we have anything better and the selection process is supposed to be open and the hearings are supposed to be public and the maps compiled according to objective, non-partisan criteria. Its still better than letting the politicians abuse us behind closed doors.

I hope you do get competitive elections (finally) there. That is my prayer.


48 posted on 11/05/2010 1:40:25 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: MARTIAL MONK

That map is a favorite of the left. It’s also bulls—t. It counts as federal “spending” Medicare and Social Security payments, so when a Northerner moves south as he retires to avoid the crushing state taxes (or simply the cold weather), the map makes it look like the South is getting money from the North!

After Social Security and medicare, the next largest source of federal spending is military: And guess who is fighting our wars?


49 posted on 11/05/2010 5:44:01 AM PDT by dangus
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To: Publius

not a bad idea.


50 posted on 11/05/2010 12:55:14 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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