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View Full Version : States - They have defecit too!



Frixxxx
03-30-2010, 09:54 AM
Here (http://finance.yahoo.com/banking-budgeting/article/109211/state-debt-woes-grow-too-big-to-camouflage;_ylt=ApL1p93IROrOWyCNSvHuWgi7YWsA;_ylu= X3oDMTE2a2Zmbjl0BHBvcwMxMARzZWMDdG9wU3RvcmllcwRzbG sDdXNzdGF0ZXN0aGVu?sec=topStories&pos=8&asset=&ccode) is another nightmare as well.....You wonder why the states have signed into a lawsuit of the health care laws?

You better keep an eye out on which state starts begging for money...

Look, it is simple...workers generate income...income generates taxes...taxes pay for programs.

Simple math: working=social programs.

No workie, no programs......

When California is trying to get 70% of yearly corporate taxes after only 50% of the year goes by.:mad:

Be afraid, be very afraid.

Socialism only works until you run out of other peoples money.....

burrocrat
03-30-2010, 10:11 AM
ah, Frixxxx,

thanks for breaking it down for us simple folk.

this no gonna workie.

'nuff said.

Birchtree
03-30-2010, 10:15 AM
There is a reason many inner city schools are closing - people have moved away and the tax base has dropped. Kill'em with economics.

CountryBoy
03-30-2010, 10:30 AM
Boy, the states are going to be in trouble since, the socialist have assured us that our taxes Are Not (emphasis for the comprehensively challenged) going to be raised. :worried: They really don't realize that is going to happen, how naive.