Does U.S. Need To Split Along Political Lines?

[BM OUT]

Sarah Palin`s Alaska still reigns as the KING of Debt.

Is that state included in the Teabaggers wet Dream of Secession also, or are you going to convince them to abandoned the ice for Mexicas I mean Texas.

Another liberal lie put out by the Onion a real source of legit news.Maybe the libs should all just move to Michigan and hang out in Detroit to see how democratic rule works.

[Jezebelle]

Another liberal lie put out by the Onion a real source of legit news.Maybe the libs should all just move to Michigan and hang out in Detroit to see how democratic rule works.

ORLY?
http://www.alaskadispatch.com/alaska-beat/273-april-1/4704-alaskas-debt-load-highest-in-us


Alaska's debt load highest in US
Alaska Beat
   
According to a deep financial article by The New York Times, an economist from the American Enterprise Institute has ranked the states according to their debt-to-GDP ratios, and Alaska had the highest one -- with state debt at 70 percent of GDP.

[Jezebelle]

[Jezebelle]

http://rawstory.com/rs/2010/0331/postpalin-alaska-largest-debt-burden/

Post-Palin Alaska has largest debt burden in US

By Raw Story
Wednesday, March 31st, 2010 -- 3:12 pm
   


 
 Sarah Palin has long sold herself as a fiscal conservative, arguing against the Democrats' health overhaul on the grounds that the nation simply can't afford it.

But when the former vice presidential candidate resigned as governor of Alaska in the summer of 2009, she left the state with a 70 percent debt-to-GDP ratio -- the highest state debt burden in the United States.

That's according to data compiled by the Washington Independent's Megan Carpentier, who notes that Alaska has a debt burden similar to "that of Jordan and Palin’s favorite health care resource, Canada, and a higher ratio than Ghana, Cote d’Ivoire, India, the Philippines or Uruguay."

By comparison, crisis-stricken California has a debt ratio of less than 40 percent. All the more confounding about Alaska's debt is the fact that it is an oil-producing region with a small population to share in that wealth. Oil-rich Alberta, Canada, for example, collects no sales tax and still managed to retire its debt entirely in 2004.

While Alaska's massive debt burden can't be blamed entirely on Palin's two-and-a-half-year stint as governor, she did face similar debt problems while mayor of Wasilla, and those appear to be of her own making.

Story continues below...

 
Wasilla's municipal debt went from around $1 million when she came in to office, to around $22 million when she left, mostly as a result of the construction of a sports arena and public works projects championed by Palin.

While Alaska's debt load is high by the standards of US states, it's worth noting some nations have considerably higher debt loads. Japan, for example, is carrying a debt load of more than 190 percent of GDP; Greece, recently hit by a debt crisis, has a 108 percent debt-to-GDP ratio.

The debt load for the US federal government clocked in at around 53 percent in 2009; the debt is expected to increase to 68.5 percent by 2014.

[Soul Crusher]

The debt in Wasilla was from a huge sports complex that the voters all voted for fool. 

[Straw Man]

Many red states actually receive more in government subsidies than they pay out in taxes

and guess who pays for it.?

Please feel free to secede any time

[Jezebelle]

The debt in Wasilla was from a huge sports complex that the voters all voted for fool.  

Uh thats not all.

Palin Left Behind Almost $19 Million In Long-Term Debt, Compared to
None Before She Was Mayor. In fiscal 2003—the last fiscal year Palin
approved the budget—the bonded long-term debt was $18,635,000. In
fiscal 1996—the year before Palin took control of the budget—there was
no general obligation debt.

[Wasilla Comprehensive Annual Financial
Report 2003, Table 10]

[Soul Crusher]

Uh thats not all.

Palin Left Behind Almost $19 Million In Long-Term Debt, Compared to
None Before She Was Mayor. In fiscal 2003—the last fiscal year Palin
approved the budget—the bonded long-term debt was $18,635,000. In
fiscal 1996—the year before Palin took control of the budget—there was
no general obligation debt.

[Wasilla Comprehensive Annual Financial
Report 2003, Table 10]

And how do you think public works projects are financed you fool?  They issue bonds. 

[Jezebelle]

Total Government Expenditures Increased 63 Percent Under Palin. In
fiscal 2003—the last fiscal year Palin approved the budget—the total
government expenditures of Wasilla, excluding capital outlays, were
$7,046,325. In fiscal 1996—the year before Palin took control of the
budget—the expenditures were $4,317,947. The increase was 63 percent.

[Jezebelle]

ROFLMAO 333366,

Palin sucks.  She is the total opposite of what you believe in, yet you defend her like she is your mother.

It is incomprehensible, but I guess the right-wing propaganda is ingrained so deep that up means down, debt means surplus and fiction equals fact.  With blind loyalty, who cares anyway right?

[BM OUT]

ROFLMAO 333366,

Palin sucks.  She is the total opposite of what you believe in, yet you defend her like she is your mother.

It is incomprehensible, but I guess the right-wing propaganda is ingrained so deep that up means down, debt means surplus and fiction equals fact.  With blind loyalty, who cares anyway right?

She sucks,but Obama swallows and you support him as he PURPOSELY destroys the private sector.

[Straw Man]

She sucks,but Obama swallows and you support him as he PURPOSELY destroys the private sector.

if you honestly believe Obama is destroying the private sector and he is doing so purposely then you need to go check yourself into a mental hospital

no joke - if you believe this then you're crazy

333 same goes for you

[Soul Crusher]

if you honestly believe Obama is destroying the private sector and he is doing so purposely then you need to go check yourself into a mental hospital

no joke - if you believe this then you're crazy

333 same goes for you

I believe that he is so indoctrinated into leftist bs that he does not even realize he is doing it. 

[BM OUT]

if you honestly believe Obama is destroying the private sector and he is doing so purposely then you need to go check yourself into a mental hospital

no joke - if you believe this then you're crazy

333 same goes for you

Lets see,take over of the auto industry,take over of banks and dictating CEO pay,take over of health care system that will punnish companies with heavy burdens as many have already said and will be dragged up to Washington to be intimidated .Purposely trying to pass cap and trade which will help destroy companies.Purposely trying to pass card check which will destroy companies.Taxes are ready to go up.What more evidence do you need?

[BM OUT]

Lets see,take over of the auto industry,take over of banks and dictating CEO pay,take over of health care system that will punnish companies with heavy burdens as many have already said and will be dragged up to Washington to be intimidated .Purposely trying to pass cap and trade which will help destroy companies.Purposely trying to pass card check which will destroy companies.Taxes are ready to go up.What more evidence do you need?

I forgot,also took over student loan program which takes 80 billion from banks.

[Straw Man]

Lets see,take over of the auto industry,take over of banks and dictating CEO pay,take over of health care system that will punnish companies with heavy burdens as many have already said and will be dragged up to Washington to be intimidated .Purposely trying to pass cap and trade which will help destroy companies.Purposely trying to pass card check which will destroy companies.Taxes are ready to go up.What more evidence do you need?

takeover = CEO's of various industries coming to Washington to beg for a bailout

Health Insurance companies still a legal monopoly thanks to the government

go back to watching your wrasslin videos and stop making such stupid and uniformed statements

[Straw Man]

I forgot,also took over student loan program which takes 80 billion from banks.

tell us what you know about the student loan program

I'd love to hear it

[Soul Crusher]

tell us what you know about the student loan program

I'd love to hear it

Straw, that is pure bs.  The school loan takeover is a disaster for the taxpayer.  On all levels.  They are also robbing students blind on this to fund maoCare. 

[Straw Man]

Straw, that is pure bs.  The school loan takeover is a disaster for the taxpayer.  On all levels.  They are also robbing students blind on this to fund maoCare. 

how about some actual facts instead of Repub talking points

educate us all

[Soul Crusher]

how about some actual facts instead of Repub talking points

educate us all

The taxpayer is on the hook for defaulted loans. 

[Straw Man]

The taxpayer is on the hook for defaulted loans. 

is that all you "know"

do you want to add anything or is that the extent of your knowledge on the subject

[Soul Crusher]

is that all you "know"

do you want to add anything or is that the extent of your knowledge on the subject

Straw- No. 1 , its awful economics on the specifics.  I read about this bill and its completely devoid of common sense. 

No. 2. WHY SHOULD YOU OR i BE ON THE HOOK FOR DEFAULTED STUDENT LOAN? 

[Straw Man]

Straw- No. 1 , its awful economics on the specifics.  I read about this bill and its completely devoid of common sense. 

No. 2. WHY SHOULD YOU OR i BE ON THE HOOK FOR DEFAULTED STUDENT LOAN? 

is this what you'd like to go with as your "knowledge" of the recent legistlation?

[Soul Crusher]

is this what you'd like to go with as your "knowledge" of the recent legistlation?

No, i know the bill better than you do and its insane concerning the income nonsense and the fact that if the loan is not paid off by a certain time it goes away.  Its bizarre. 

The govt has no business whatsoever obligating you or I to subsidize school loans. 

[Straw Man]

No, i know the bill better than you do and its insane concerning the income nonsense and the fact that if the loan is not paid off by a certain time it goes away.  Its bizarre. 

The govt has no business whatsoever obligating you or I to subsidize school loans. 

I'm giving you a chance to tell us what you know so what's stopping you.

Tell me how it used to work and what has changed

just give us the facts