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#1
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State funds shortfall solution?
About a year or so ago someone posted the question of how will the states deal with their debt problem. I said they would issue new Bonds to cover their shortfalls and worry about how to pay them off later.
I was roundly lambasted by those who pointed out that I did not know the difference between debt and bonds and blah, blah, blah. My response was that the question was: How will the states deal the debt and not how will they get out of debt. Anyway.... The State of Oklahoma just announced it needs a few hundred million to pay its' bills, so they are going to issue new bonds. This is how one state, in which both Houses and the Governor are all Republican, chose to deal with its' debt. So the question now is: How do states find the money to pay their bills? Oklahoma's plan was to get rid of the state income tax and replace it with taxing Vet benefits, Social Security, property currently exempt from taxes because it is owned by a person over 65 and raising real estate taxes by 800%. Oddly enough this did not go down well with Vets, people over 65 and anyone who owns a house, so that plan was scrapped. Any suggestions? The Ledge members in OKC need all the help they can get, so please be creative. Thanks! |
#2
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why can't they just raise the state sales tax a penny?is there some fed law that prohibits it??we are already taxed 7 cents a dollar whats another penny.
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#3
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I agree, they should also stop ALL funding for museums and the arts etc.... stuff like that should be funded by the private sectors. The government has NO business funding programs that only benefit a small amount of tax payers.
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For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get. Clk's Ebay Stuff BUY SOMETHING NOW!!! Last edited by The Clk Man; 04-22-2012 at 09:17 PM. |
#4
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How about the f**king pigs in Washington stop with their idiotic wars and security spending, cut Federal taxes, so states can pick up the slack by raising taxes enough to balance their budgets. |
#5
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Quote:
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For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get. Clk's Ebay Stuff BUY SOMETHING NOW!!! |
#6
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here's a novel idea...Quit spending money they don't have!!
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1987 560SL 85,000 miles Meet on the level, leave on the square. Great words to live by Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.
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#7
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here's a novel idea...Quit spending money they don't have!!
(hadda copy that, I was gonna say it)
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1985 300D 198K sold 1982 300D 202K 1989 300E 125K 1992 940T "If you dont have time to do it safely, you dont have time to do it" "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." |
#8
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Here's a novel idea: Quit spending money they don't have.
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#9
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Ya know, maybe they ought to consider not spending money they don't have.
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
#10
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^^^^^^^^^^^^^^^^^^ What they said.
__________________
Just say "NO" to Ethanol - Drive Diesel Mitchell Oates Mooresville, NC '87 300D 212K miles '87 300D 151K miles - R.I.P. 12/08 '05 Jeep Liberty CRD 67K miles Grumpy Old Diesel Owners Club |
#11
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So what would you folks like to cut? Road maint? Education? Health care? VA? Assistance programs for the poor? Law enforcement? Emergency services? County hospitals?
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Sent from an agnostic abacus 2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD** - With out god, life is everything. - God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson - You can pray for me, I'll think for you. - When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours. |
#12
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Oh come now, you're not that naieve are you? Just like the feds, every state budget has it's share of pork projects, earmarks, and otherwise totally useless spending items. Four hundred million shortfall? Hell, that's pocket change compared to what most other states are facing. Even without doing away with any of the BS spending I mentioned, $400 million total in cuts spread across the entire state budget doesn't sound like a show-stopper.
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Just say "NO" to Ethanol - Drive Diesel Mitchell Oates Mooresville, NC '87 300D 212K miles '87 300D 151K miles - R.I.P. 12/08 '05 Jeep Liberty CRD 67K miles Grumpy Old Diesel Owners Club |
#13
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Since "cuts" these days are actually just a decreased increase, hold spending level for a period of time. No cuts, no increases. Everybody wins or loses, depending on one's perspective.
Or they could sell naming rights for major throughways and exits. Sonic's OK State Highway 1 or Dollar Thrifty Automotive Exit 27, for example.
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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
#14
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Maybe they should open a casino...
__________________
On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
#15
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__________________
1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
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