Illinois Has Collapsed, Soon It Will Be CT, NJ, MA, ME. Where Does Your State Rank In Solvency?

Do the research to find out how your state is doing financially, and protect yourself. ECONOMIC COLLAPSE RED ALERT https://www.youtube.com/watch?v=MFbZOAFYOC...

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Comment by George W. Reichel on July 7, 2017 at 2:34

Agree with your observations US Rose.Collapse is a process and I feel it's happening across the board.

CAFR monies,if they even existed,are long gone.Won't matter much anyway if the dollar goes.

Comment by US Rose on July 7, 2017 at 1:38

Mismanagement of state funds and/or corruption are certainly part of the problem in states with solvency issues, or maybe even in all state governments. As I took a cursory look at the links and data something else jumped out at me. The 5 states with the worst fiscal positions have long been blue states (democrat controlled) while the top 5 in best fiscal shape are red states (republican controlled).  Disclaimer: I did not look at all 50 states for correlations.

Having lived in Massachusetts most of my life ("Taxachusetts" as it's called there) and then moving to Georgia (ranked at #26 in solvency) it's very easy for me to see the differences in state taxes and state spending on "programs". State funded programs seem to be just as big an issue as corruption and mishandling. The biggest proponents for state funded programs are Democrats.  Obviously this is a generalization...there are exceptions to everything. Folks in rural (republican) GA tend to help people in need through volunteer community assistance, many times through church run outreach programs. Neighbors help neighbors even when the closest ones are a mile away. I don't have personal experience regarding assistance in GA cities (which vote democrat and are usually democrat run).  I imagine there are privately run charities in the bigger cities.

I could go on and on about differences I personally see in people from the NE versus SE but that would fill a book.  This is not an attack on democrats - just an observation of one aspect of the issue of state solvency. People's hearts are generally in the right place - most people do want to help those in need. Relying on the state to be the "helper" is part of why some states are in trouble financially. 

That's my personal take on just one factor in the issue of state solvency that wasn't specifically addressed in the report - and my observations are just that, observations from living in two very different political environments and a cursory look at the reports.

Comment by renate on July 6, 2017 at 10:42

Comment by renate on July 6, 2017 at 10:41

Comment by Rhonda Reichel on July 6, 2017 at 5:27

Hard assets....makes sense.

Comment by Rhonda Reichel on July 6, 2017 at 5:18

All taxpayers will suffer however. Are our officials GROSSLY MISMANAGING the tax revenues? San Antonio sure seems to be....one huge bond proposal after another. Spending money on more parks and more fluff instead of necessities.

Wealthier states are still collapsing....wealthy Conneticut ranks 50th....Illinois is 47th so why are we just hearing about them?

We may all look like Venezuela soon...pay attention to what your local govt. is spending on. Rainbow crosswalks sure don't seem necessary to me.

Comment by George W. Reichel on July 6, 2017 at 2:55

We sall see VL.Like Celente says though."When people have nothing to lose;they lose it."People can go batshit crazy when times are pretty good.

Comment by Vinyl Lady on July 6, 2017 at 2:32

I do not believe that Illinois will "soon look like Venezula".  People in this country are deeply asleep partly because of the how easy it is to collect their "entitlement" check and go back to living. If those checks stop coming, millions of retired school teachers, firemen, policeman and other ex government employees would quickly look for who to blame. That is precisely what "they" don't want and can't tolerate.  Because they can create money from thin air, they have the ability to avoid that secario.  This is one way they use money to keep us alseep.  Just an opinion.

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