Red state credit unworthiness: Study shows it’s stupidity

[C_Clayton_Jones]

No stupid, the Red states were smart not to expand medicaid under the ACA because once the fed money runs out the states are on the hook.

A study wasn’t necessary to document the fact of conservatives’ stupidity.

 

[SassyIrishLass]

A study wasn’t necessary to document the fact of conservatives’ stupidity.

What's your thoughts on California's nearly one trillion in unsecured public debt?

Sips my wine as Jones goes limp


It's all out there

 

[Nostra]

A study wasn’t necessary to document the fact of conservatives’ stupidity.

Irony.

 

[whitehall]

Somebody named Laurie Foti uses unreliable statistics to reinforce the left wing bigotry towards the Southern portion of the U.S. What else is new?

 

[SassyIrishLass]

Is there one left loon that can justify California's nearly one trillion in unfunded debt

Just one, c'mon you can do it

 

[Clipper]

So blue state debt went down after a massive expansion of a government handout program.

Another example of Dimwinger states feeding at the public trough.

Great thread, Simp.

Tough shit. You right wing Trump asseaters wanted to see blue states driven into bankruptcy. Too bad POTUS Biden handed your asses back to you, again.

 

[Nostra]

Tough shit. You right wing Trump asseaters wanted to see blue states driven into bankruptcy. Too bad POTUS Biden handed your asses back to you, again.

Seek professional help............soon, Simp.

 

[Clipper]

Seek professional help............soon, Simp.

Blue states pay more into the Federal Treasury then you red state parasites ever dreamed of, asswipe. So, who 's feeding off the "public trough", simpleton?

 

[Nostra]

Blue states pay more into the Federal Treasury then you red state parasites ever dreamed of, asswipe. So, who 's feeding off the "public trough", simpleton?

Seek professional help............soon, Simp.

 

[Indeependent]

Blue states pay more into the Federal Treasury then you red state parasites ever dreamed of, asswipe. So, who 's feeding off the "public trough", simpleton?

It's called sending welfare back to the Federal Treasury.

 

[Clipper]

Seek professional help............soon, Simp.

Nothing sane to add, simpleton?

 

[Rambunctious]

Not if you consider GDP’s…top ten, evenly split between red and blue with CA at #1 and TX at #2.

I just consider average folks... working folks and families whos cost of living has tripled in just three years... In every state...

 

[lantern2814]

Red state citizens are unworthy of credit because they are broke. Their leaders failed them but since all they care about is owning the libs as they die broke it’s all good.

Is that why red states subsidize your pathetic blue states at tax time? Blue states still cry that Trump limited their SALT deductions. Crying for relief because their state and local taxes are too high.

 

[Rambunctious]

There’s no Government Healthcare program to protect one’s Soul from burning in Hell eternally.

Too bad for you libs...

 

[lantern2814]

Blue states pay more into the Federal Treasury then you red state parasites ever dreamed of, asswipe. So, who 's feeding off the "public trough", simpleton?

Yet your pathetic blue states keep crying for handouts and relief because their state and local taxes are so high. Blue states also take a lot more government dollars than red states. So that’s you and yourself feeding at the “public trough” moron.

 

[Nostra]

Nothing sane to add, simpleton?

 

[Ace Nova]

I was in finance for a number of years - a 687 score on the low end of an overall average is actually pretty good. Well done America!!

 

[Hutch Starskey]

No stupid, the Red states were smart not to expand medicaid under the ACA because once the fed money runs out the states are on the hook.

Yep. The loser states who can only function with federal funding.

 

[Hutch Starskey]

The economies of those red states are better than in any blue state...
Who's the stupid ones?.....

Medical debt is the leading cause of bankruptcy, data shows: How to reduce your hospital bills | Fox Business

Filing for bankruptcy can discharge your medical debt, but it can leave a lasting negative impact on your creditworthiness.

www.foxbusiness.com

How the Affordable Care Act Drove Down Personal Bankruptcy

Since the Affordable Care Act was introduced, the number of personal bankruptcies has dropped in half, a Consumer Reports analysis found.

www.consumerreports.org

 

[Lastamender]

The first part of the article is about all the factors they tried to use to explain why debt is higher in the south and how the obvious things they looked at first didn't account for the differences. The four paragraphs here get to the meat of the why. Refusal to expand Medicaid. Freeeeeeeeedumb!!!

Analysis | Why Does The South Have Such Ugly Credit Scores? - WorldNewsEra

View attachment 758579

A clue to the broader answer comes from a recent analysis in the Journal of the American Medical Association, which found that medical debt “became more concentrated in lower-income communities in states that did not expand Medicaid” after key provisions of the Affordable Care Act took effect in 2014.

To reach that conclusion, Raymond Kluender of Harvard Business School, Neale Mahoney of Stanford University, Francis Wong of Ludwig Maximilian University of Munich and Wesley Yin of the University of California at Los Angeles looked at detailed credit-report data from 2009 to 2020. (Mahoney is currently on leave to serve on President Biden’s National Economic Council.)

Of the 11 states that have yet to expand Medicaid, eight sit in the South, according to KFF, a San Francisco health-policy nonprofit. Southerners were more likely to be behind on medical debt even before the ACA, but the reluctance among the region’s mostly Republican governors to participate in the Medicaid expansion has increased the gaps between the South and the rest of the country.

In states that immediately expanded Medicaid, medical debt was slashed nearly in half between 2013 and 2020. In states that didn’t expand Medicaid, medical debt fell just 10 percent, the JAMA team found. And in low-income communities in those states, debt levels actually rose.

It shows they have not been bailed out like Blue state failures.