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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (29423)	7/17/2011 7:48:36 PM
From: tejek	1 Recommendation Read Replies (2) \| Respond to of 119362

NY is in hock up to its eyeballs as well. That kind of makes my point that it's a spending problem. Other states with much less per capita revenue are in better shape than these two states. Now what do these two states have in common? Let's see........ That only makes your point if you don't look below the surface at all. But when you do look below the surface, that's when things get interesting: NY contains a major port of entry for foreign immigrants.......the city of NY. CA contains the major port of entry LA. Immigrants tend to be poor and require more social services than the average citizen. And then there are the illegals.......both states have sizeable illegal populations which send there kids to school. Most LA and NYC schools have well over 100 languages spoken in each school. You ever tried to teach a course to a classroom full of multi lingual students? Its exhausting work and requires many more teachers than the average classroom. And then you have states like Texas that export their poor to states like NY and CA. TX hates its poor and does want them to stick around so it cuts its budgets, forcing them out of the state: "The Tea Party—mad [Texas] chamber voted to balance the ledger without raising revenues, axing $23 billion from current spending levels—about one-fourth of the state’s current spending, and some of the deepest cuts contemplated anywhere in the country. Spending cuts to public schools, already among the nation’s most poorly funded, could mean some 100,000 teacher layoffs, pre-K programs decimated and schools closed. Huge cuts to Medicaid could push an estimated 60,000 senior citizens out of their nursing homes. “We’re already as a state fiftieth in per capita spending,” said another young San Antonio Democrat, Representative Joaquin Castro. “So you’ve got to ask yourself…at what point is this budget akin to asking an anorexic person to lose more weight?” Hundreds of citizens gave impassioned testimony about the mental health and home healthcare programs, and the drug rehabilitation, juvenile justice and early education efforts that were about to be gutted. The situation was so dire that one conservative Republican came to ask for his taxes to be raised." In the meantime both states are on starvations diets. NY......because the state hasn't been growing at all for decades. In fact NYC is the best thing about NY state. Upstate is a ball and chain around the state. And CA because of Prop 13. Now I don't think its fair that both states get a higher share of legals, illegals and the poor but then I didn't make the rules. But for you to sit here and tell me its because these states are corrupt and that CA state workers are lazy and don't work hard enough and that Prop 13 has nothing to do with it......well dude, I've stood in those long lines at the DMV that weren't long when I first got to CA in the late 80s so I ain't buying it. The people working behind the counter have jobs one step above a factory assembly line. Now if you haven't work on an factory assembly line, you haven't lived. To blame them for CA's woes is just plain mean spirited. Bottom line: The state doesn't have enough revenue to meet the needs of its citizens.