Wyatt earp
Diamond Member
- Apr 21, 2012
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It's plain English. Red states have the worst health outcomes. Why?That’s because red states don’t give a damn about their people or their prosperity.Say what? Restates are all fiscally sound, the blue states are the ones going fucking broke
When you typed that in and read it before clicking post, that sounded good to you? Seriously?
Tell me what explains why the states with the worst health outcomes, worst educational attainment and lowest per capita GDP almost al happen to be red states?
I mean, yeah, their budgets are balanced, but who cares if the state is performing so poorly.
No idea what you're talking about. But then neither do you
Sep 24, 2018,09:16pm EDT
Forty U.S. States Cannot Afford To Pay All Their Bills
Forty states do not have enough money to pay all of their bills, according to quantitative analysis in Financial State of the States, the ninth annual report published this evening by Truth in Accounting (TIA). TIA is a non-partisan, not-for-profit government finances watchdog. To balance the budget, “elected officials have not included the true costs of the government in their budget calculations and have pushed costs onto future taxpayers.” TIA’s comprehensive analysis of the fiscal health of all 50 states is based on the states’ fiscal year 2017 comprehensive annual financial reports (CAFRs).
![Sunshine states leave taxpayers with a surplus. Sunshine states leave taxpayers with a surplus.](https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fmayrarodriguezvalladares%2Ffiles%2F2018%2F09%2FSunshineStates-1200x570.jpg)
The state in the worst financial shape is New Jersey. It only has $25.5 billion available in assets to pay $221 billion worth of bills. This $195.5 billion shortfall means that each New Jersey taxpayer is on the hook for $61,400. The state did report all of its pension debt, but according to TIA the state “continues to hide $34.3 billion of its retiree health care debt. Moreover, New Jersey’s net position is “inflated by $27.7 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.” Other states that are leaving their taxpayers with significant tax burdens include Connecticut, Illinois, Kentucky, Massachusetts, Hawaii, Delaware, California, New York, and Vermont.
![Sinkhole states leave taxpayers with a significant tax burden. Sinkhole states leave taxpayers with a significant tax burden.](https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fmayrarodriguezvalladares%2Ffiles%2F2018%2F09%2FSinkhole-1200x584.jpg)
TIA has a grading system for the states to give greater context to each state’s Taxpayer Burden or Taxpayer Surplus. To arrive at a taxpayer’s burden or surplus, you divide the state’s shortfall or surplus by the number of a state’s taxpayers.
- A grade: Taxpayer Surplus greater than $10,000 (3 states).
- B grade: Taxpayer Surplus between $100 and $10,000 (7 states).
- C grade: Taxpayer Burden between $0 and $4,900 (12 states).
- D grade: Taxpayer Burden between $5,000 and $20,000 (18 states).
- F grade: Taxpayer Burden greater than $20,000 (10 states).
![www.forbes.com](https://imageio.forbes.com/specials-images/dam/imageserve/671677607/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds)
Forty U.S. States Cannot Afford To Pay All Their Bills
Forty states do not have enough money to pay all of their bills. A major challenge for investors is the lack of transparency and accuracy in a lot of government accounting making it difficult to understand and evaluate a public-sector entity’s true financial health.
![www.forbes.com](https://i.forbesimg.com/48X48-F.png)