Posted on 04/15/2020 6:34:43 PM PDT by Bruiser 10
Another sudden and unexpected factor will transform this years elections. Many states, cities and counties are about to, suddenly, run out of money. Wages wont be paid. Services wont be delivered. Institutions will shut down abruptly. Many state colleges may fold. And yet most state and local political and administrative leaders just sit and watch. Voters will not be pleased.
Millions of American workers filed for unemployment insurance during the past two weeks. That is a record and represents a collapse of our local economies. Across the country, in every state, county and city, businesses have been shut down, and many will not return after the coronavirus crisis is over. Tens of millions have lost jobs, homes, savings and retirement incomes that will never return. Owners of rental property will go under when their loan payments come due and renters cant pay. Across the country, state and local economies are being badly damaged many of them permanently.
The result is that state and local tax revenues will plummet. States and localities will burn through any reserves theyve maintained like wildfire. Since most of our politicians and government managers have been raised during a decade of expanding economies, their first instinct will be to wait and then panic and then raise taxes to cover shortfalls perhaps a special coronavirus surtax. Taxpayers across the country have tolerated various forms of high state and local taxes; the politicians would naturally ask, Why should now be any different?
(Excerpt) Read more at thehill.com ...
Who would post crap like this?
All reasons why they will have EVERY incentive to open up their states and play nice with Trump.
I do think local government entities need to figure out what is truly essential.
For example, school districts. There may not be as many choices for students for sports. Extracurricular activities may need to be prioritized, etc. Labor contracts will need to be looked even more carefully. School districts can’t hand off a double-digit levy increase to taxpayers if unemployment is in the double digits, and expect those budgets to pass.
Touch choices to make.
kamala harris was on cnn andersen this evening, talking about the “failed leadership,” how she is writing a letter with her colleagues to propose solutions, and the need for expansion of SNAP (EBT cards) since she claims that paychecks run the risk of being confiscated and EBT cards are the fastest way to get money to the people so that they can pay their rent.
Wait a second... Newsom ordered a tenant eviction ban effective immediately... so how does giving money through EBT cards...
Hawaii hired too many police....
This is a golden opportunity for governments to do zero-based budgeting.
Start by only opening those entities that are truly essential.
Most of the rest should be phased out.
The Hill never stops with the blue gas machine.
It’s not the working budgets that are the problem. It’s pension plans. CT has an absurd debt of almost $100 billion in unfunded liabilities due mostly to state worker pension plans.
Below are the data. Note for the US as nation, that Day 1 is March 25, which means Day 21 is April 14 for that row of data. You can do the math for the other municipalities to find out what Day XX means for them in calendar times; as a general rule, the last actual data point is the freshest date (i.e., Day 23 for Georgia is that state's COVID-19 cumulative population-adjusted fatality count for April 14), but on a Golf timeline it gives each municipality's score as of the "21th hole." The order is alphabetical.
As with yesterday, for Day 21 the states with the five highest adjusted fatalities are NY, NJ, MI, LA and CT, respectively. Meanwhile, Washington seems to have done a good job of jumping on the problem in early March, and California and Florida are doing extremely well even though they're a few holes behind the rest of the golfers. Please pray for eveyrone impacted by this saga.
Municipality | Date of Day 1 = day prior to breaching size-adj 1,000 COVID19 fatalities | Population (MM) | Day 14 | Day 15 | Day 16 | Day 17 | Day 18 | Day 19 | Day 20 | Day 21 | Day 22 | Day 23 | Day 24 | |
New York | 3/20/20 | 19.8 | 44,167 | 48,861 | 59,399 | 69,271 | 79,210 | 92,612 | 104,348 | 117,650 | 130,585 | 143,621 | 156,240 | |
New Jersey | 3/23/20 | 9.0 | 33,736 | 36,973 | 45,324 | 55,331 | 62,541 | 71,076 | 80,310 | 86,454 | 89,876 | 103,193 | - | |
Michigan | 3/24/20 | 9.9 | 24,146 | 28,065 | 31,851 | 35,737 | 42,512 | 46,199 | 49,354 | 53,174 | 58,654 | - | - | |
Connecticut | 3/23/20 | 3.6 | 17,346 | 18,906 | 25,422 | 30,745 | 34,875 | 41,116 | 45,337 | 50,844 | 55,249 | 61,582 | - | |
Louisiana | 3/20/20 | 4.7 | 21,873 | 26,106 | 29,070 | 33,656 | 36,126 | 41,065 | 46,004 | 49,532 | 53,271 | 56,870 | 59,269 | |
Massachusetts | 3/25/20 | 6.8 | 17,267 | 21,002 | 24,397 | 29,054 | 33,274 | 36,669 | 40,937 | 46,418 | - | - | - | |
United States | 3/25/20 | 329.6 | 12,722 | 14,695 | 16,478 | 18,586 | 20,463 | 22,020 | 23,529 | 25,832 | - | - | - | |
District of Columbia | 3/24/20 | 0.7 | 11,766 | 10,785 | 13,237 | 15,688 | 18,629 | 23,042 | 24,512 | 25,493 | 32,846 | - | - | |
Colorado | 3/24/20 | 5.5 | 9,059 | 10,811 | 11,596 | 13,710 | 15,280 | 16,549 | 17,515 | 18,602 | 19,870 | - | - | |
Georgia | 3/23/20 | 10.2 | 7,065 | 9,485 | 11,227 | 11,937 | 13,292 | 13,712 | 13,937 | 14,131 | 15,454 | 16,680 | - | |
Nevada | 3/24/20 | 2.9 | 6,612 | 6,840 | 9,120 | 9,348 | 9,804 | 12,654 | 12,882 | 12,996 | 14,820 | - | - | |
Vermont | 3/18/20 | 0.6 | 6,843 | 8,423 | 8,949 | 8,949 | 10,528 | 11,581 | 12,107 | 12,107 | 12,107 | 12,107 | 12,634 | |
Washington | 3/8/20 | 7.2 | 4,366 | 4,458 | 5,056 | 5,653 | 5,975 | 6,940 | 8,135 | 8,779 | 9,514 | 10,157 | 10,387 | |
Indiana | 3/26/20 | 6.6 | 10,106 | 12,247 | 14,935 | 16,429 | 17,076 | 17,425 | 19,267 | - | - | - | - | |
Illinois | 3/27/20 | 12.9 | 13,685 | 15,555 | 17,477 | 18,630 | 20,501 | 22,500 | - | - | - | - | - | |
Delaware | 3/27/20 | 0.9 | 8,013 | 11,149 | 11,497 | 12,194 | 14,284 | 14,981 | - | - | - | - | - | |
Mississippi | 3/27/20 | 3.0 | 8,370 | 9,031 | 10,242 | 10,573 | 10,793 | 12,225 | - | - | - | - | - | |
Oklahoma | 3/27/20 | 3.9 | 6,741 | 7,415 | 7,836 | 8,089 | 8,257 | 9,184 | - | - | - | - | - | |
California | 3/27/20 | 39.1 | 4,614 | 5,001 | 5,321 | 5,691 | 6,104 | 6,550 | - | - | - | - | - | |
South Carolina | 3/27/20 | 4.9 | 4,510 | 4,846 | 5,385 | 5,519 | 5,856 | 6,529 | - | - | - | - | - | |
Oregon | 3/27/20 | 4.0 | 3,599 | 3,926 | 4,172 | 4,253 | 4,335 | 4,499 | - | - | - | - | - | |
Alabama | 3/31/20 | 4.9 | 7,054 | 7,732 | - | - | - | - | - | - | - | - | - | |
Alaska | 4/3/20 | 0.7 | - | - | - | - | - | - | - | - | - | - | - | |
Arizona | 3/30/20 | 6.8 | 5,647 | 5,888 | 6,323 | - | - | - | - | - | - | - | - | |
Arkansas | 3/31/20 | 3.0 | 3,320 | 3,541 | - | - | - | - | - | - | - | - | - | |
Florida | 3/29/20 | 20.3 | 7,235 | 7,478 | 8,096 | 9,267 | - | - | - | - | - | - | - | |
Hawaii | 4/5/20 | 1.4 | - | - | - | - | - | - | - | - | - | - | - | |
Idaho | 3/28/20 | 1.7 | 4,978 | 5,377 | 5,377 | 6,571 | 7,766 | - | - | - | - | - | - | |
Iowa | 4/1/20 | 3.1 | 4,642 | - | - | - | - | - | - | - | - | - | - | |
Kansas | 3/29/20 | 2.9 | 6,225 | 6,338 | 7,131 | 7,810 | - | - | - | - | - | - | - | |
Kentucky | 3/30/20 | 4.4 | 7,298 | 7,894 | 8,565 | - | - | - | - | - | - | - | - | |
Maine | 3/30/20 | 1.3 | 4,710 | 4,710 | 4,958 | - | - | - | - | - | - | - | - | |
Maryland | 3/31/20 | 6.0 | 14,375 | 16,570 | - | - | - | - | - | - | - | - | - | |
Minnesota | 3/31/20 | 5.5 | 4,202 | 4,743 | - | - | - | - | - | - | - | - | - | |
Missouri | 4/1/20 | 6.1 | 8,234 | - | - | - | - | - | - | - | - | - | - | |
Montana | 3/29/20 | 1.0 | 1,914 | 1,914 | 2,233 | 2,233 | - | - | - | - | - | - | - | |
Nebraska | 4/1/20 | 1.9 | 3,650 | - | - | - | - | - | - | - | - | - | - | |
New Hampshire | 4/1/20 | 1.3 | 6,687 | - | - | - | - | - | - | - | - | - | - | |
New Mexico | 4/1/20 | 2.1 | 5,690 | - | - | - | - | - | - | - | - | - | - | |
North Carolina | 4/4/20 | 10.0 | - | - | - | - | - | - | - | - | - | - | - | |
North Dakota | 3/29/20 | 0.8 | 3,048 | 3,483 | 3,918 | 3,918 | - | - | - | - | - | - | - | |
Ohio | 3/29/20 | 11.6 | 7,009 | 7,179 | 7,775 | 9,193 | - | - | - | - | - | - | - | |
Pennsylvania | 3/28/20 | 12.8 | 11,198 | 13,257 | 13,514 | 14,492 | 19,203 | - | - | - | - | - | - | |
Puerto Rico | 4/1/20 | 3.7 | 4,030 | - | - | - | - | - | - | - | - | - | - | |
Rhode Island | 3/29/20 | 1.1 | 17,472 | 19,655 | 22,775 | 24,959 | - | - | - | - | - | - | - | |
South Dakota | 4/5/20 | 0.9 | - | - | - | - | - | - | - | - | - | - | - | |
Tennessee | 3/31/20 | 6.6 | 5,692 | 6,141 | - | - | - | - | - | - | - | - | - | |
Texas | 4/2/20 | 27.5 | - | - | - | - | - | - | - | - | - | - | - | |
Utah | 4/5/20 | 3.0 | - | - | - | - | - | - | - | - | - | - | - | |
Virginia | 3/29/20 | 8.4 | 5,111 | 5,543 | 5,858 | 6,054 | - | - | - | - | - | - | - | |
West Virginia | 4/10/20 | 1.8 | - | - | - | - | - | - | - | - | - | - | - | |
Wisconsin | 3/29/20 | 5.8 | 8,051 | 8,280 | 8,851 | 9,822 | - | - | - | - | - | - | - | |
Wyoming | 4/13/20 | 0.6 | - | - | - | - | - | - | - | - | - | - | - |
To hell with government workers, their gold plated retirement plans, and guaranteed jobs. Its about time they felt the pain we suffer.
An even greater consequence will be a pandemic of Dishpan hands from all of the handwashing.
Econonic collapse will crush big spending high tax states like California and New York. However in other states this could be a golden opportunity to oust big tax liberal governments.
Phase 2:
Under W. Comp a shortfall will have to be addressed by the Ohio General Assembly. Possibly asking more $$ from employers. OH. Lt. Gov.
Good point. Defined benefit plans.
That and Other Post Employment Benefits (OPEB). Things like retiree health care.
Exactly - the lack of revenues is going to force the re-opening of commerce. Unlike the Federal government, most (if not all) states have to have balanced annual budgets.
And now, puff, they no longer have them.
“Voters will not be pleased.”
That’s an understatement.
Only the LIEberal states that failed to prepare.
And if have to layoffs to compensate, raise COGS, and/or prices, will continue to slow the velocity of $$.
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