The federal gravy train hits a hard stop

[Mik]

This is interesting. Particularly this line.

"In Fiscal Year 2024, of the nearly $10 trillion that the Federal Government spent, more than $3 trillion was Federal financial assistance, such as grants and loans,"

https://www.msn.com/en-us/news/politics/no-more-government-assistance/ar-AA1y0cTN

It should be noted that John Kasich did something similar in Ohio. There was much wailing and gnashing of teeth, but in the end it cut spending $8B. A lot of municipalities that only survived off state funding had to either cough up locally or meld into their counties. Funding for local projects needed to be supported more locally rather than OPM.

[taiwan_girl]

In 2021, Montana led the states with the highest proportion of federal funding to the overall budget at 31.8%, followed by New Mexico (30.7%), Kentucky (30.1%), Louisiana (29.8%), and Alaska (29.0%).

and

Another way to evaluate reliance on federal funding is on a per-person basis, where federal funding is represented as the average amount a state receives per resident to better illustrate the extent of federal support relative to population.

Using this metric, Alaska had the highest rate of federal funding in 2021 at roughly $8,628 per person, a whole 26.5% more than the second-highest state, Rhode Island, which received $6,821. They’re followed by New Mexico ($6,748), Wyoming ($6,718), and Delaware ($6,011).

https://usafacts.org/articles/which-states-rely-the-most-on-federal-aid/

[Jolly]

The per person funding is interesting. New York receives more money per person than Louisiana.

[Doctor Phibes]

@taiwan_girl said in The federal gravy train hits a hard stop:

the second-highest state, Rhode Island

uh oh

[jon-nyc]

When you net out taxes paid by state you see a huge subsidy from blue to red.

[Horace]

@jon-nyc How much of that is due to farm subsidies? The cities have to get their food from somewhere.

[jon-nyc]

I don’t know. Probably part of it. A huge part is more rich people live on blue states so we pay more taxes.

[taiwan_girl]

@jon-nyc said in The federal gravy train hits a hard stop:

When you net out taxes paid by state you see a huge subsidy from blue to red.

Top ten

New Mexico
West Virginia
Alaska
Mississippi
Montana
Hawaii
Vermont
Louisiana
Alabama
Wyoming

Bottom Ten

Minnesota
New Jersey
Delware
Illinois
Florida
Washington
S. Dakota
Mass
Nebraska
California

https://digg.com/finance/link/states-most-dependent-on-the-federal-government-ranked-59CWzbWb10

[Horace]

@jon-nyc Granted. But the statistic about net subsidy to red states takes on a very different pallor if it's agriculture stuff, rather than welfare stuff. Agriculture stuff is shared with the blue states as a necessity for their own existence.

[Doctor Phibes]

@jon-nyc said in The federal gravy train hits a hard stop:

When you net out taxes paid by state you see a huge subsidy from blue to red.

Oh, that makes more sense. The earlier data quoted is very misleading.

[Mik]

@jon-nyc said in The federal gravy train hits a hard stop:

I don’t know. Probably part of it. A huge part is more rich people live on blue states so we pay more taxes.

Nonetheless, the debt is red and blue. Comparing it by party isn't going to help us solve the problem.

[jon-nyc]

True that

[Copper]

Red states farm, blue states eat.

[Doctor Phibes]

@Copper said in The federal gravy train hits a hard stop:

Red states farm, blue states eat.

I'm pretty sure blue states eat too. Some of them eat a lot.

[Mik]

I'm pretty sure too-big-for-Lyft girl is a Democrat.

[jon-nyc]

Largest farm state: California.

[Mik]

Yeah, but they grow that Democrat food. Y'know, artichokes and almonds and shit. Brussels sprouts.

[jon-nyc]

Top ten obesity states: All red.

[Mik]

They grow REAL food. Pigs and cows and shit.

[George K]

Read the thread.