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Old 11-06-2010, 08:24 PM
 
Location: Texas State Fair
8,560 posts, read 11,214,794 times
Reputation: 4258

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Indebted and Unrepentant
Quote:
Another division is likely to compete for center stage in the next two years: the split between, on one side, California and New York—two states, deeply in debt, whose wealthy are beneficiaries of the global economy—and, on the other, the solvent states of the American interior that will be asked to bail them out. This geographic division will also pit the heartland’s middle class and working class against the well-to-do of New York and California and their political allies in the public-sector unions.”
! ! ! No BAIL OUT for states ! ! !

Last edited by Willsson; 11-06-2010 at 09:06 PM..
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Old 11-06-2010, 08:34 PM
 
Location: Chicagoland
41,325 posts, read 44,944,793 times
Reputation: 7118
http://gatewaypundit.firstthings.com/wp-content/uploads/2010/11/election-map-2010.jpg (broken link)

Yes indeed. Hopefully, we'll fill some of that blue in with a little red in 2012, when 23 dem senators are up for reelection and the expectation that a whole bunch of dems in congress will be retiring.

Same map here, but highlights the change from party to party. Click "house", scroll down for map.

http://abcnews.go.com/Politics/2010_...ge?id=10476449
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Old 11-06-2010, 08:53 PM
 
26,680 posts, read 28,670,280 times
Reputation: 7943
This is just the latest scare-tactic from Republicans. They want to turn more Democratic states into their enemies. Divide and conquer - that's the Republican game.

States like Alaska, Tennessee, and Mississippi receive disproportionately large amounts of money from the federal government, so if we're going to be fair, we need to reduce the funding those states receive.

How states rank: Federal spending driven by census data - CSMonitor.com
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Old 11-06-2010, 08:55 PM
 
Location: Chicagoland
41,325 posts, read 44,944,793 times
Reputation: 7118
Quote:
Originally Posted by AnUnidentifiedMale View Post
This is just the latest scare-tactic from Republicans. They want to turn more Democratic states into their enemies. Divide and conquer - that's the Republican game.

States like Alaska, Tennessee, and Mississippi receive disproportionately large amounts of money from the federal government, so if we're going to be fair, we need to reduce the funding those states receive.

How states rank: Federal spending driven by census data - CSMonitor.com
I agree. Let the states keep more of their money - starve the beast in DC.

I mean, does it make sense for a state to send money to DC, where it is sliced and diced, sent back to that state with directives, mandates and strings attached.

WHY do we think DC can manage things better than the people in individual states, who live there, work there?
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Old 11-06-2010, 08:55 PM
 
Location: Marietta, GA
7,887 posts, read 17,192,862 times
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New York passed the "millionaire surtax" and is losing many high net worth people to states like Florida and Texas where there is no income tax.

Ever read "Atlas Shrugged?" It's beginning to play out.
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Old 11-06-2010, 08:57 PM
 
26,680 posts, read 28,670,280 times
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Quote:
Originally Posted by neil0311 View Post
New York passed the "millionaire surtax" and is losing many high net worth people to states like Florida and Texas where there is no income tax.
That's a myth. High-income earners don't need to leave New York or California. They can afford it.

News Headlines
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Old 11-06-2010, 08:57 PM
 
Location: Inis Fada
16,966 posts, read 34,718,970 times
Reputation: 7724
Another article by the same writer:
Upstate: Rage or Resignation? by Fred Siegel, City Journal Autumn 2010

Given the sentiment expressed, I am amazed that there wasn't more red upstate.

NY is a mess. Our taxes are out the wazoo. We have a gov elect, who as AG, did little to prosecute some of the crooks (like Rangel, who was voted in with an insane amount of votes) and who was a media darling. It's going to be business as usual in NYS.

The writer mentions Steve Levy, who has been a pretty strong county executive. He changed parties in order to attempt a run for Gov. He is more centrist, calls things as he sees them and has been generally unswayed by special groups. I can't help but wonder if his Jewish last name and party switch killed his chance to be on the GOP ticket.

Many of the people who are leaving the state can no longer afford to live here because the taxes are that dreadful and the job prospects abysmal. It has begun to feel like we are taxed at every turn to make up for one shortfall or another. We can't

I live in one of the Congressional Districts which is still too close to call -- which is amazing because it is typically a democratic area.

CA and NY do not deserve bailouts -- as much as it would be a relief to tax-to-death NYers such as myself. Corporations and states do not deserve bailouts.
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Old 11-06-2010, 08:58 PM
 
Location: Chicagoland
41,325 posts, read 44,944,793 times
Reputation: 7118
Quote:
Originally Posted by neil0311 View Post
New York passed the "millionaire surtax" and is losing many high net worth people to states like Florida and Texas where there is no income tax.

Ever read "Atlas Shrugged?" It's beginning to play out.
The voters in the state of WA defeated a prop to tax high earners Tuesday.
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Old 11-06-2010, 08:59 PM
 
13,900 posts, read 9,771,097 times
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Don't forget Texas, they are also $25 billion in debt.
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Old 11-06-2010, 09:01 PM
 
Location: Marietta, GA
7,887 posts, read 17,192,862 times
Reputation: 3706
Quote:
Originally Posted by AnUnidentifiedMale View Post
That's a myth. High-income earners don't need to leave New York or California. They can afford it.

News Headlines
You're wrong. Maryland did the same thing by passing a surtax and the impact has been demonstrable. In Maryland, the state comptroller’s office final tax return data for 2008 (before the recession), the first year that the higher tax rates applied, shows that the number of millionaire tax returns fell sharply to 5,529 from 7,898 in 2007, a 30% tumble. The taxes paid by rich filers fell by 22%, and instead of their payments increasing by $106 million, they fell by some $257 million.
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