When does it stop? By JR (Read 919 times)

[JR]

Read this article and be sure to read each state's solution to compensate for lost revenue.

money.msn.com/investing/10-states-struggling-to-pay-bills

IMO all of these had one thing in common, when the good times were here no one put anything in the cookie jar for when the bad times hit.

Indeed time for a change

JR

[ccprof]

I'm amazed PA didn't make the top ten. We have all manner & form of cuts and the local gov'ts are taking it in the neck.

[JR]

It's puzzling to me in some ways, in some ways not? Reason is if the Fed can't live within it's means how do you expect the states too.

But on each state listed some form of low income or even Medicaid services, education and jobs were being cut. But the jobs thing is mind boggling too, one reported 2000 state employees and another 1100 state education employees, another state said thousands of state employees?

How many employees does it take to run the state? Geeese I mean I know Arkansas is a little state as far as population with less than 3 million people, heck the Dallas/Ft.Worth area and it's suburbs has nore people but thousands? We are one of the poorest listed per capta income states in the Deep South and nationwide but we still live within our means;

sunshinereview.org/index.php/Arkansas_state_budget

Take note one of only four states with out head above water. We just voted the lottery in only 4 years ago and yet what really blew my mind was Nevada! Vegas, gambling, taxes and yet they are going to cut services to Medicaid? Come on!

Arizona going to cut off 1 million folks off of what? Can't imagine who those would be, Maine cutting things to legal immagrants under 5 years, how many imigrants could be in Maine?

The other thing that was amazing is I mentioned the south, not one poor southern state in the top 10 with North Carolina being at least southernly?

Last but not least it said every single state with the exception of Vermont has a law requiring the state to balance the budget, what happened to following the law, Arkansas and 3 others do? Our entire budget is only 4.5 billion and several of these top 10 states listed exceed that by a lot!

Nearly 30% of this states people are retired which doesn't add as much tax revenue as states where more people are still in the workforce and this will only probably get higher in this state because of the baby boomers retiring every day! Lot's of people move here to retire.

Just don't get it?


JR

[justbuggin2]

i have to live in a budget if i dont i can get in trouble and lose everthing i have what we need is a government that has to stay in budget i think there should be a flat tax that everbody pays so if made a dollar then you pay the gov. 8 cents and that you pay the same % no matter how much you make and that will elimate the IRS and make it where you can say ok i made a hundred thoasand so i will give the 8% to the gov and be done with it

[scootermike74820]

in stead of a flat tax the rich will make a loop hole for it some how gotta love lawyers,, i think they should just get rid of most of all taxes and add a 15% federal sales tax that way everyone pays something instead of just a few, even i dotn pay federal taxes in the current tax law, i pay about 3k out of my yearly income and i get back 4k, if they went to the sales tax even the poor and rich and middle class people would be paying the same taxes too, like it or not it the only fair tax out there

[kz1000st]

The Rich don't pay sales taxes. They form "Foundations" or "Not for Profits" and get it all back if they pay it at all. That's why they're Rich. All taxes are a joke to them. Remember Leona Helmesley, "Only the little people pay taxes."

[scootermike74820]

well im little and i pay no taxes either i even get part of my state sales tax back too. they need to just close all loop holes and that way the bills can get paid

[jct842]

When they quit giving money away to other countries, when they get rid of professional politicians and make those in office accountable along with putting them on regular social security like I am, a sales tax might work. The middle class in this country is screwed. The slackers got it all going for them. Free medicaid, free food, reduced housing, and they don't ever have to get a JOB. Every thing I have I had to work to get. Those people who live life on some one else's dollar. Just as bad as the rich who steal to live the good life.

[JR]

I'm all for changing the way taxes are done myself to a better way but likie a lot of people don't see it happening, myself I was and still am a believer of Reaganomics but to me that's still besdie the point.

If you can't spend within your means and put back a little for a rainy day then all the tax revenues in the world are useless.

I live on a fixed budget, have for 3 years now, my wife is in her fianl semester of nursing school and even though she has tried to work some she hasn't been able to stay up with her studies and work too.

I don't spend money I don't have and stretch every dollar the best I can. I fix ,repair, shop for bargains, raise a lot of food, and don't waste. I keep the thermostat at 68F in the winter and 72F in the summer, conserve water by catching rain water to water my stuff when it's dry and even hang my laundry out on a old fashioned clothes line when the sun is shining to keep that hungry dryer from running.

It may sound foolish to some now but I was raised by parents who survived the great depression and they knew how to survive on very little. Like the old Alabama song " when wall street fell we were so poor we couldn't tell" .

To me it's all a matter of self discipline, if I can do it so can the government.

[bobf]

You have just hit on a important item. Self reliance. Something missing in today's life style is planning for the future.

As I was growing up we were told the Social Security system was NOT a retirement program and we should plan for our own retirement. In other words we should have a savings plan, about 10% of earnings, going into some sort of plan for our future cares. Today we have far too many of our younger folks brainwashed into thinking it is our governments responsibility to take care of us, to plan for our retirements, to pay us to be unemployed, and lots of other really unneeded entitlements.

What will we do when our country runs out of ways to pay these expenses or pay down our debts? It is coming, just wonder when. For those prepared. they will have a basic need of shelter taken care of. The needs of the day will then be up to the person to figure out Grow your own if possible. Do as my father had to do and work a day for a bag or two of potatoes. If nobody in numbers are working there will be few if any taxes available to support all these promises being made by the government. We really need to get back to the basics once again.
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