[QUOTE=BJJ-Blue;1049391]Of course I do. Remember, I came up with a simple question all on my own that stumped you. 
I just use sources to back up my assertions.[/QUOTE]
Really??? So who are the ‘many’?
[QUOTE=BJJ-Blue;1049391]Of course I do. Remember, I came up with a simple question all on my own that stumped you.
I just use sources to back up my assertions.[/QUOTE]
you asked: how come blue states like California and New York are almost bankrupt while red states like Alabama, Mississippi and Texas (I think) are not.
I responded with the fact that you need to get a better understanding of geographical layout, population sizes and so on. You are talking about comparatively small states with two of the states that are huge economic engines for your entire country.
The only thing that stumped me was that you were not of the intelligence to be able to discern that simple fact.
By all means though, keep patting yourself on the back…No one else is going to. :rolleyes:
[QUOTE=David Jamieson;1049758]I responded with the fact that you need to get a better understanding of geographical layout, population sizes and so on. You are talking about comparatively small states with two of the states that are huge economic engines for your entire country.[/QUOTE]
Ok, fair enough. So now please explain to me how those factors played into the fact that NY and CA are facing bankruptcy/bailouts while MI, AL, and TX are not.
And fyi, TX is not considered a “small state”.
[QUOTE=David Jamieson;1049758]The only thing that stumped me was that you were not of the intelligence to be able to discern that simple fact.[/QUOTE]
Oh, I have my own explanation/answer for the question. I just want to see what your explanation/answer is.
I like to look at both sides of the issue. So since we disagree on alot of things, I want to see your thoughts on this.
[QUOTE=BJJ-Blue;1049829]Ok, fair enough. So now please explain to me how those factors played into the fact that NY and CA are facing bankruptcy/bailouts while MI, AL, and TX are not.
And fyi, TX is not considered a “small state”.[/QUOTE]
Texas (9th poorest state in USA)
Below poverty threshold in 2009: 17.2%
Below poverty threshold in 2008: 16.0%
Residents whose income fell below poverty threshold between 2008 and 2009: 358,673
Alabama (6th poorest state in USA)
Below poverty threshold in 2009: 17.5%
Below poverty threshold in 2008: 15.7%
Residents whose income fell below poverty threshold between 2008 and 2009: 93,478
Mississippi (Poorest state in the USA)
Below poverty threshold in 2009: 21.9%
Below poverty threshold in 2008: 21.4%
Residents whose income fell below poverty threshold between 2008 and 2009: 18,157
And yet those States are in alot better financial shape than NY and CA.
Can you explain why that is?
And your source did show that poverty has grown in those States during the Obama Administration, correct?
Out of curiousity, how many of the 50 States did poverty grow during that time?
[QUOTE=BJJ-Blue;1049887]And yet those States are in alot better financial shape than NY and CA.
Can you explain why that is?[/QUOTE]
Define “better financial shape.”
http://images.businessweek.com/ss/08/12/1218_shortfall_states/index.htm
States in Worst Budget Trouble
Arizona
Rank: 1 (Previous Rank: 2*)
Budget gap (as a % of the total budget): 30.80%
Total gap: $3.1 billion
Gap before budget was approved: $1.9 billion
Additional midyear gap: $1.2 billion
Nevada
Rank: 5 (Previous Rank: 4)
Budget gap (as a % of the total budget): 19.60%
Total gap: $1.4 billion
Gap before budget was approved: $898 million
Additional midyear gap: $536 million
Alabama
Rank: 6 (Previous Rank: 7)
Budget gap (as a % of the total budget): 15.00%
Total gap: $1.2 billion
Gap before budget was approved: $784 million
Additional midyear gap: $458 million
Georgia
Rank: 8 (No change)
Budget gap (as a % of the total budget): 12.90%
Total gap: $2.7 billion
Gap before budget was approved: $245 million
Additional midyear gap: $2.5 billion
South Carolina
Rank: 10 (Previous Rank: 16)
Budget gap (as a % of the total budget): 11.70%
Total gap: $804 million
Gap before budget was approved: $250 million
Additional midyear gap: $554 million
New York
Rank: 12 (Previous Rank: 6)
Budget gap (as a % of the total budget): 11.40%
Total gap: $6.4 billion
Gap before budget was approved: $4.9 billion
Additional midyear gap: $1.7 billion
Granted, California is #2, but there are a lot of RED states between CA and NY.
Economics change daily.
Long term kick in the pants stuff is survivable.
I don’t think New York or California are going to collapse into themselves anytime soon.
They’ll be fine.
Anyway, what’s your short term observation that you’re going to base your long term argument off of?
Oh that Obama, he’s so bad! lol :rolleyes:
[QUOTE=MasterKiller;1049899]Define “better financial shape.”[/QUOTE]
The red States I mentioned are not facing bankruptcy and/or bailouts like CA and NY are.
[QUOTE=David Jamieson;1049928]I don’t think New York or California are going to collapse into themselves anytime soon.
They’ll be fine.[/QUOTE]
We shall see.
If Brown wins CA’s Governorship, they will be bankrupt before his term is up. If they elect Whitman, they have a chance.
NY will likely elect Cuomo, so their troubles should be getting worse.
And no, they won’t collapse into themselves, whatever that means. I’m specifically talking about bankruptcy and/or bailouts.
David, can you perhaps expand on that answer now?
I understand population sizes, demographics, geography, etc. I just want to see how YOU say those factors fit into the equation.
[QUOTE=BJJ-Blue;1049946]The red States I mentioned are not facing bankruptcy and/or bailouts like CA and NY are.[/QUOTE]
Alabama
Rank: 6 (Previous Rank: 7)
Budget gap (as a % of the total budget): 15.00%
Total gap: $1.2 billion
Gap before budget was approved: $784 million
Additional midyear gap: $458 million
MK, your source is basing this off 1 year’s budget. Yes, Arizona has had a rough year. But CA and NY have been bleeding money for DECADES.
And notice Arizona is trying to fix their problems, and the Federal Government’s responce is to sue them.
[QUOTE=BJJ-Blue;1049959]MK, your source is basing this off 1 year’s budget. Yes, Arizona has had a rough year. But CA and NY have been bleeding money for DECADES.[/quote] But…CA has had a Republican govenor for years…What gives?
And notice Arizona is trying to fix their problems, and the Federal Government’s responce is to sue them.
Well, if that’s your argument, you do realize that Texas is #3 in the nation in handing out welfare, right behind CA and NY, right?
[QUOTE=MasterKiller;1049962]But…CA has had a Republican govenor for years…What gives?[/QUOTE]
He actually fixed some of the problems. Under his Democrat predecessor, they didn’t even have reliable electricity!
[QUOTE=MasterKiller;1049962]Well, if that’s your argument, you do realize that Texas is #3 in the nation in handing out welfare, right behind CA and NY, right?[/QUOTE]
The Federal lawsuit has nothing to do with welfare.
[QUOTE=BJJ-Blue;1049959]MK, your source is basing this off 1 year’s budget. Yes, Arizona has had a rough year. .[/QUOTE]
Arizona
Rank: 1 (Previous Rank: 2*)
This is more than a one-year trend. And Alabama is 6th.
[QUOTE=BJJ-Blue;1049966]He actually fixed some of the problems. Under his Democrat predecessor, they didn’t even have reliable electricity![/QUOTE]
Oh, you mean that little thing where ENRON (A Texas company) conspired to fake a supply shortage and created rolling blackouts to boost their profits?
[QUOTE=MasterKiller;1049970]Oh, you mean that little thing where ENRON (A Texas company) conspired to fake a supply shortage and created rolling blackouts to boost their profits?[/QUOTE]
LMAO!
You go ahead and tell yourself that. It’s been proven false.
“The companies deny overcharging. And on Friday, an audit by federal regulators found no evidence that electricity generators shut down California plants to jack up power prices.”
Source:
http://www.sptimes.com/News/020401/Columns/Learning_from_their_m.shtml
I’m pretty sure the fact they went DECADES without building any new power plants was a big part of their problem. When you choose to rely on others for basic needs, you are asking for trouble.
Really? So how many power plants have been built in CA since 2001?
The California electricity crisis, also known as the Western U.S. Energy Crisis, of 2000 and 2001 was a situation where California had a shortage of electricity. The state suffered from multiple large-scale blackouts, one of the state’s largest energy companies collapsed, and the economic fall-out greatly harmed Governor Gray Davis’s standing.
Artificial supply shortage was created by gratuitously taking power plants offline for (unnecessary) “maintenance” on hot summer days of peak demand.
http://www.cnn.com/2005/US/02/03/enron.tapes/
http://www.nytimes.com/2005/02/04/national/04energy.html?ex=1107666000&en=01449ebf62df572e&ei=5070
Rolling blackouts adversely affected many businesses dependent upon a reliable supply of electricity, and inconvenienced a large number of retail consumers. This demand supply gap was further exploited by energy companies, mainly Enron. Enron traders were thus able to sell power at premium prices, sometimes up to a factor of 20x its normal peak value. Because the state Government had a cap on retail electricity charges, this market manipulation squeezed the industry’s revenue margins, causing the bankruptcy of Pacific Gas and Electric Company (PG&E) and near bankruptcy of Southern California Edison in early 2001.
The financial crisis was possible because of deregulation legislation instituted in 1996 by Governor Pete Wilson (Republican). Enron took advantage of this deregulation and was involved in economic withholding and inflated price bidding in California’s spot markets.
http://www.ferc.gov/industries/electric/indus-act/wec/enron/summary-findings.pdf
The crisis cost $40bn to $45bn.