SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (145888)9/14/2014 8:53:10 PM
From: pcstel1 Recommendation

Recommended By
Brian Sullivan

  Read Replies (3) | Respond to of 149317
 
<If Republican fiscal policies really are the key to prosperity, if the GOP formula of low taxes and little regulation really does unleash economic growth, then why has the country fared better under Democratic presidents than Republican ones and why are red states the poorest states in the country?<

Easy.

If my neighbor goes out and racks up Credit Card debt, McMansion loan, 3 car loans and a boat loan, they are unleashing "economic growth" at the expense of unmanageable debt financing.

Red States are managed conservatively. They don't spend their grandkids futures down the pike like most Blue States in debt financing to "unleash economic growth" and the Red States typically have low budget deficits,

The Best and Worst Run States in America: A Survey of All 50

#1 North Dakota. (RED)
Debt per capita: $3,033 (20th lowest)
> Budget deficit: None
> Unemployment: 3.1% (the lowest)
> Median household income: $53,585 (19th highest)
> Pct. below poverty line: 11.2% (6th lowest)

2. Wyoming (RED)
> Debt per capita: $2,409 (13th lowest)
> Budget deficit: None
> Unemployment: 5.4% (7th lowest)
> Median household income: $54,901 (17th highest)
> Pct. below poverty line: 12.6% (13th lowest)

3. Iowa (BLUE)
> Debt per capita: $2,478 (15th lowest)
> Budget deficit: 2.5% (41st largest)
> Unemployment: 5.2% (tied-5th lowest)
> Median household income: $50,957 (23rd highest)
> Pct. below poverty line: 12.7% (14th lowest)

4. Nebraska (RED)
> Debt per capita: $1,277 (2nd lowest)
> Budget deficit: 4.8% (38th largest)
> Unemployment: 3.9% (2nd lowest)
> Median household income: $50,723 (25th highest)
> Pct. below poverty line: 13.0% (16th lowest)

5. Utah (RED)
> Debt per capita: $2,577 (17th lowest)
> Budget deficit: 8.2% (32nd largest)
> Unemployment: 5.7% (tied-10th lowest)
> Median household income: $57,049 (13th highest)
> Pct. below poverty line: 12.8% (15th lowest)

BOTTOM OF THE PILE********************

47. Rhode Island (BLUE)
> Debt per capita: $8,721 (3rd highest)
> Budget deficit: 6.9% (35th largest)
> Unemployment: 10.4% (3rd highest)
> Median household income: $54,554 (18th highest)
> Pct. below poverty line: 13.7% (tied-20th lowest)

48. Illinois (BLUE)
> Debt per capita: $5,041 (11th highest)
> Budget deficit: 18.5% (9th largest)
> Unemployment: 8.9% (10th highest)
> Median household income: $55,137 (16th highest)
> Pct. below poverty line: 14.7% (tied-24th lowest)

49. New Mexico (BLUE)
> Debt per capita: $3,914 (21st highest)
> Budget deficit: 8.3% (31st largest)
> Unemployment: 6.9% (tied-19th lowest)
> Median household income: $42,558 (6th lowest)
> Pct. below poverty line: 20.8% (2nd highest)

And the Grand Daddy of them all.. COMING IN, IN LAST PLACE, A TRUE FISCAL TRAIN WRECK. THE ECONOMIC GROWTH CAPITAL OF THE WORLD....CALIFORNIA WITH A WHOPPING 10.5% Unemployment Rate..


50. California (BLUE, BLUE, BLUE)
> Debt per capita: $3,990 (20th highest)
> Budget deficit: 27.8% (3rd largest)
> Unemployment: 10.5% (2nd highest)
> Median household income: $58,328 (11th highest)
> Pct. below poverty line: 17.0% (18th highest)

The "Economic GrowthBusters, holding the "Keys to Prosperity" " i.e. The Blue States of California, Rhode Island, and Illinois have the 2nd,3rd, and 19th HIGHEST UNEMPLOYMENT RATES.

So the question has to be asked.. If the Red States have low taxes and little regulatory burdens, then why are they considered the BETTER FINANCIALLY MANAGED? Some running NO BUDGET DEFICITS?

And so it goes,
PCSTEL



To: tejek who wrote (145888)9/14/2014 9:04:40 PM
From: pcstel  Read Replies (1) | Respond to of 149317
 
How's that for your "keys to prosperity" and your "Economic Growth".

Blue has NY and Mass.

Red has
Montana, ND, SD, Oklahoma, Texas, Lousiana, West Virginia, Utah, and Alaska.

Throw in a couple of Swing states Colorado, and Iowa.



HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News