Skip to comments.Indebted states stay blue. Do they hope to be bailed out?
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:
New Jersey ($3,621),
New York ($2,981),
Rhode Island ($1,812),
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.
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?
They are way too arrogant than that. They expect to be bailed out.
CA? “Drill baby Drill, you got the resources ...”
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.
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.
(Jerry) Brown or Gray (Davis), the point is California’s going dark.
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 ...
Yup, Tea Party Santa has a sack full of coal for the bad little boys and gays of Califreakia.
“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.
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.
Federal government is already starting to bailout state governments:
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!!
No, they will DEMAND to be bailed out.
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.
That's my point - they don't need a bailout ...
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..
Wish in one hand and spit in the other and see which one fills up first.