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Latest stats... https://www.forbes.com/sites/mayraro.../#1b828e1f718a
States with a surplus are Alaska, North Dakota, Wyoming, Utah and South Dakota. Alaska is the state in the best financial condition, because it can pay all of its bills and has a surplus of $56,000 for each taxpayer in Alaska.
Obama's solution to fix GM was to give them a special bankruptcy so he could throw a mountain of money at them without forcing substantial changes. What an idiotic move.
Then 8 years later he finishes with $1.42 Trillion in his last fiscal year while telling multiple lies about it...
Obama simply failed. So is Trump.
Correct on GM -- that deal killed the bondholders - Obama should have never stepped in.
Latest stats... https://www.forbes.com/sites/mayraro.../#1b828e1f718a
States with a surplus are Alaska, North Dakota, Wyoming, Utah and South Dakota. Alaska is the state in the best financial condition, because it can pay all of its bills and has a surplus of $56,000 for each taxpayer in Alaska.
Sorry to have to bust your bubble, but states don't pay taxes.
Individuals and businesses pay taxes.
And the red States don't pay much in taxes because they don't have much in wealth. Probably relates to why those ****holes have the highest poverty in the US
And without Obamas actions there would be no more auto industry in the USA.
That is simply BS.
There would have been an auto industry, few experts think there would be "no auto industry" - I think you are a bit too easy to fool with political soundbites.
You probably also think that GM avoided "bankruptcy," because pathological liars like Obama and Biden kept saying that they kept GM out of bankruptcy.
Bottom line is Obama put GM through a special bankruptcy while not forcing any serious systemic changes, setting GM up for future problems. GM had a mountains of money thrown at them from multiple angles and it was a lie when GM claimed to have paid back all the money.
Correct on GM -- that deal killed the bondholders - Obama should have never stepped in.
The bailout of the auto industry was initiated under Bush moving TARP funds and continued under Obama, Bush didn't want to see unemployment hit 20%. The amount of funds pales by comparison to the corporate tax cuts in 2017. There was also a restructuring of the auto industry including concessions that were long over due. It was a tough decision spurred by an economy that was in total free fall.
Alaska and the Dakotas are fossil fuel rich states that benefit from geology, not management. Alaska is cutting back on state university finance and reducing the oil stipends to its residents.
Deficits come from tax cuts when appropriate cuts in spending are not enacted. Why do you continue to not hold the GOP accountable for their fiscal mismanagement and basically lack of math skills?
It is well known that dems like Obama and slick Willy have been much more fiscally conservative than dubya or Trump
As I remember not a single budget proposed by Obama was acceptable. By the way, it IS Congress that determines the spending! Seems to me Obama had a Republican Congress when the deficit started to decrease.
If you have a tax cut and monies to the treasury increase, said tax cuts are NOT responsible for the deficit. The real problem is we have far too much entitlement spending.....and nobody on either side is actually willing to deal with it.
As I remember not a single budget proposed by Obama was acceptable. By the way, it IS Congress that determines the spending! Seems to me Obama had a Republican Congress when the deficit started to decrease.
If you have a tax cut and monies to the treasury increase, said tax cuts are NOT responsible for the deficit. The real problem is we have far too much entitlement spending.....and nobody on either side is actually willing to deal with it.
Correct, however, Obama was able to do great damage in his first two years with a Democrat controlled Congress. That's when he was able to get the multiple Trillion dollar "stimuli" that went to Unions, cronies, and other for payback for getting him elected.
The GM bailout largely went to the UAW at the expense of legitimate bond, and stock holders who were SCREWED.
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