MSN Money

10 states struggling to pay bills

Unlike the federal government, almost all states are required to balance their budgets. Here's where shortfalls have been especially painful.

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458Comments
May 9, 2012 1:11AM
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I have a question? When was it passed that it was ok for elected officials Congressmen or Senators to trade and proffit on inside information on bills that are passed or voted out. Or when the law for inside trading was passed why were these elected officials given immunity from the law? I figure some one may know what happened here instead that it needs to be fixed. Pac money be able to be used for elections is the death of this country. Anyone have reasons it will improve elections for the average citizen?  Thank you a citizen Patriot
Apr 8, 2012 1:50PM
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Brenda, read the Bible.That's the churches' job. If we cut out welfare,the people would be willing to actually go where there is accountability,along with morality teaching; not MORE rewarding bad behavior! Then we could balance the budget more readily WHILE you get tax deductions for contributing to the church of YOUR choice!

 

Apr 8, 2012 1:43PM
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When the house is infested with parasites, and dirty with old litter, YOU MUST CLEAN HOUSE!  There are so many gun owners in America; why are we letting this corruption continue? STOP COMPLAINING ABOUT THE RISING GAS PRICES, HIDDEN TAXES, RISING INFLATION, GOVERNMENT SPYING, GOVERNMENT CONTROL, ETC., ETC., ETC.,!!! LET'S SIMPLY CLEAN HOUSE!!!
Apr 8, 2012 9:21AM
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NEVADA Median home value change (2006 to 2010): -44.5% (the largest decline).  Wowzer.  Appears most of us have a lot to be grateful for. 
Apr 8, 2012 8:43AM
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The Great Recession that started in 2007 triggered the biggest collapse of state revenues on record...

 

The states' revenues have been ready to collapse far before the "Great Recession".  For decades federal, state and local governments have been in the practice of spending way beyond their means, cowtowing to government unions by providing pension and benefits packages far beyond that of the workers in the private sector.  Unfunded liabilities are the real culprit.  Most of the so-called "stimulus" monies went to the states, not to create jobs, but to prop up their cash strapped budgets.  It was Obama and the Democrats paying back their SEIU supporters for helping him get elected.

Apr 8, 2012 7:33AM
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I'm surprised that Pennsylvania didn't make the list.
Mar 25, 2012 11:40PM
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this is unbelieveable, I was totally surprised at how all these states targeted the children, elderly,and the poor. WOW
Mar 12, 2012 1:39PM
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shocking.. almost every one is a "blue" state

Mar 5, 2012 11:53AM
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I am shocked that Rhode Island didn't make this list!  There is SO much corruption here and high taxes and our towns and cities have been going bankrupt....
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WE need to STOP helping Israel all the time , who know's I think now Israel is 51 states ? or what ?.Stop the stupid war's . I just don't get it , gasoline price is up and up . what the hell happen , We have own gasoline , we do not need to pay anybody . The Govermant look's like do not care about US any more !!!

Feb 26, 2012 12:17PM
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I love the new york state tax cap the governor of new york gave to us. The governor said the people wanted it and he sold it to us to get elected, He said The people are sick and tired of Albany, and he hears the people, the people are the Government .It is time to fix Albany. But he never said to the people that the township elective can over ride this if they fall in a shortage of money. Then the 2% tax cap goes out the back door. Again the middle class get the hit and the poor suffer more, but rich laugh all the way to the bank. ha give me a free ride in the state helicopter, as you said we the people that's me.
Feb 26, 2012 8:44AM
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Notice the preponderance of liberal states among those with the worst deficits. And while there are two states that are "Red", Arizona has been devastated financially by the influx of illegal immigrants draining social services. So one can easily conclude that, to the extent government policies either encourage or discourage commerce (and thus income for individuals and tax revenues for the government from its tax base) that liberal policies are a failure. Starting from the top in November 2012, the country needs to get back to admiring people and businesses for succeeding. To quote a Democrat (who would NOT be a liberal by today's standards): A rising tide floats all boats... (hint: J....F...K)


Feb 26, 2012 6:14AM
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how nice it would have been if the founding fathers had had the foresight to make legislative positions non wage positions.  money probably is a big reason corrupt people have gravitated towards washington d. c.  Also, their salary isnt their only profit, when everyone becomes dependent on the government for income, (not everyone, but right now the government wants as much influence on money, votes, and the american citizen as it can get.) the government will have a lot of say in where subsidies and incentive spending go. Now if your an aspiring politician with a corrupt mindset and a bunch of cronies pushing you to and from, how is ANY amount of government going to stop that force when he/she is part of that said government. In a stark revelation it seems that a clash between business and government is spiraling out of control at the expense of the people and both are blame.  They are divided, and a divided kingdom can not prosper. ( speaking of which, if a house divided on itself can not prosper, how can anyone legitimize the two party system when the left and the right seem to combat on most all issues. Not just on voting as the two party system has engraved a form of oppostion in the house and senate) by that logic shouldn't there be many more than two parties. (Its almost as if people who back one of the parties and only that party blindy are succumbing to at least some form of instinctual stigma of oppostion and not thinking entirely logically blocking a complete statement of there real opinion because of the road block oppostion presents i.e. "your different and less than me".)   In a way the unstoppable growth on both ends, government and business, seems to both be antithetical to americas success, in that they are both a response to greed and greed leads to corruption. Instead, a reclamation of once cherished values is all that's left in the form of hope.
Feb 26, 2012 4:07AM
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@ oyster

 

I agree totally

 

As a side note, its worth some looking into as to what those "products with the best value have done to our society in some regards (such as dependance on cars, internet, etc.) 

 

Feb 26, 2012 3:58AM
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@Bradley

 

By moving forward in most cases you assume you get the best product with the best value provided to the individual.  Moving forward could also be seen as providing life, liberty and pursuit of happiness...it does open up a can of worms.

 

Our only solution to the problems you are describing is that we have to protest as a people and force campaign finance reform.  Also reversing course on recent Supreme Court rulings that give rights of personhood to corporations is necessary.  The founding fathers never had any intention of protecting corporations in the Bill of Rights--they were added with the purpose of protecting individuals from the government.  Now the government has found a way to reverse that and use the Bill of Rights against the people.

Feb 26, 2012 3:43AM
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The U.S. has more debt per person than those in Greece. 900 military bases in 130 countries is just the tip of the iceberg. Ron Paul is the only candidate that is interested in fixing the problem. We dont need to cut things that people need. We need to cut the things we dont need. How about bankers welfare reform and auditing the Federal Reserve to see where all the money is going.
Feb 26, 2012 3:43AM
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        @ oyster

 

      I dont believe that a rampant free market system is a good thing at all, as evidenced, by well ummm... our free market. However influence is a two way street and blame also falls on the government for accepting those bribes.  Having a bigger government doesnt ensure that the porkbarreling, earmarking nonsense will stop, in fact it makes it harder to control.  No massive motherboard can overide that. If it were a matter of governmental power, they already have it. They have the power provided by the United States constitution to protect the law. However they cant find the motivation to uphold it all the time when they themselves, being a finite number of flawwed human beings, break it on a daily basis.

      I acknowledge to you that regulation is very important. but i am not a republican, however i am a conservative there is a difference and i myself can see the strikingly similar dangers of big government and big business

 

 

also,  you made the statement that conservatives believe that competition is the only way humans can move forward.  It what "forward" direction are you thinking of?  Because of course there is always room for societal improvement, but "forward" as if we have something

were missing out on, i dont exactly follow.

Feb 26, 2012 3:29AM
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Well Bradley

 

I'm confused --

 

Free market advocates usually believe that private enterprise through self interest and competition is the only way that humanity can be truly forwarded.  Thus, they want a small goverment such that there will be less interference with this ends.

 

The flaw in this thinking is that you can't have a truly free market when the wealth of the country is influencing politicians to make policy that favors their existence.  It also does not do a good job of forcing private industry to pay the true cost of their business since their is little regulation to clean up the trash that they do to the environment.

 

The big problem with current republicans is that they seem totally oblivous to any of this.  You get statements like "just go to work" and the "food stamp" president.  While these people are blaming America's problem on the impoverished, they are cheering the real leaches involved in rampant corporate welfare as heroes.

Feb 26, 2012 3:23AM
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WHAT ABOUT THE UNITED STATES GOVERNMENT  "balancing this country's budget) (deficit)??????????? It's not the States of the country's fault, it's the Government's!!!!!!!  The "states" of this country wouldn't be in the mess they are in if the Government had ANYBODY in it that knew what the heck they were doing!!!!!!!  It's the states and the good people who live in them that are suffering big time for our present governments idiotioticy!!!!    ( I'm mad and do not really care if that word is spelled "right" or not."  I'm sure you get my point !!!!!!!!!!!!!)
Feb 26, 2012 3:09AM
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i agree with you oyster, and of course i know the government isnt literally a business, i was just pointing out some similarities i saw that i had never realized before today.  And while there is not profit for government, there is no profit for anyone in business either save the owners of stock. I'm just saying the government is a complex machine not an entity. And each piece of that machine (persons) most certainly make profits off their respective positions.

 

 

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