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Wednesday, February 4, 2009

Excellent On-Line Essay: Blue-State Bailout Blues

By Jay Henderson over at American Sentinel.

So, which states are the first in line to ask for federal bailouts? Those states with the largest entitlement spending programs. They are New York, California, Massachusetts, New Jersey and Illinois.

From Jay's on-line essay:

There is a dangerous tipping point in politics. When 50.1% of the voters pay no taxes but expect and rely on "entitlements" from the government, then they will tax to infinity the remaining 49.9% of the polity. The Blue States now begging for bailouts give us a good look at what happens as that tipping point approaches.

The rush for Federal bailout bucks began in November, led by California and New York. In early January, Democratic governors from Wisconsin, Massachusetts, New Jersey, New York and Ohio pitched their case to the Obama transition team, proposing a $1 trillion bailout of state governments.

The needy Blue States of Massachusetts, New York, New Jersey, Illinois and California provided 134 Obama electoral votes last November - - more than half of his total. Other states on the bailout list include Michigan, Ohio, and Wisconsin, 47 more Democratic electoral votes. The political pressure on the Obama administration is obvious.

Your tax dollars, money you need to take care of your own family, are going to go for paying off political allies and propping up socialist entitlement programs that are destined to bankrupt those who fund them, no matter how many ways they are taxed.

But of interesting note here is that those states are also among the wealthiest in terms of per capita income:

Ironically, the governors travelling to Washington with begging bowls represent some of the wealthiest states in the U.S. Measured in terms of per capita income, they include New Jersey (ranked number 2), Massachusetts (ranked number 3), New York (number 4), California (number 7), and Illinois (number 16), as of 2007 statistics. Per Capita Personal Income By State. How can this be? Well, these same states are at the forefront of "entitlement" spending and social engineering projects.


While Red State America, sustained by blue collar, working class, and small business taxpayers, is called upon to bail out the wealthy but profligate Blues - - the Congressional Democrats and the Obama Administration are planning to expand or adopt the same kinds of "entitlement" spending programs and social engineering projects that are breaking the backs of Blue State taxpayers. Because they work so well, right? This is a chilling insight into our national future - - if we don't derail the Obamacrat train.

So, who is going to bailout the small businesses, blue-collar workers and the working class when the U.S. government bankrupts itself by wasting trillions of dollars on the same foolish programs that bankrupted the states that are looking for bailout dollars?

You can access the complete article on-line here:

Blue-State Bailout Blues
Jay Henderson
American Sentinel
February 4, 2009

Other links here:

Next Federal Bailout May Go To States; Democratic Governors Seek $1 Trillion
January 3, 2009

Facing Shortfalls, States Seek Emergency Aid From Washington
Keith B. Richburg and Ashley Surdin
Washington Post
November 16, 2008

Local Zeroes: Cities And States Are Facing Big Budget Deficits
The Economist
November 13, 2008

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