Quote:
Originally Posted by 12clicks
oh, and in the same token. the rich state of california needs a $7 billion loan so it doesn't go bankrupt. This loan will surpass the federal bailout of that other rich state, New York which was only $2.5 billion.
so much for resources, welfare states, etc.
|
You can blame that on the fact that they get screwed by the federal government.
For every $1 that a California resident pays in federal taxes, they receive $0.78 back. In New York, they only get $0.79 back.
If they weren't forced to bailout states like Mississippi ($2.02 for every $1 they put in) and Alaska ($1.84 for every $1 they put in), they would have a massive surplus. Most of the blue states can survive without the federal government, the red ones can't.