The federal gravy train hits a hard stop
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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.
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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%).
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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/
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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/
@taiwan_girl said in The federal gravy train hits a hard stop:
the second-highest state, Rhode Island
uh oh
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When you net out taxes paid by state you see a huge subsidy from blue to red.
Only non-witches get due process.
- Cotton Mather, Salem Massachusetts, 1692
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I don’t know. Probably part of it. A huge part is more rich people live on blue states so we pay more taxes.
Only non-witches get due process.
- Cotton Mather, Salem Massachusetts, 1692
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@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
WyomingBottom Ten
Minnesota
New Jersey
Delware
Illinois
Florida
Washington
S. Dakota
Mass
Nebraska
Californiahttps://digg.com/finance/link/states-most-dependent-on-the-federal-government-ranked-59CWzbWb10
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I don’t know. Probably part of it. A huge part is more rich people live on blue states so we pay more taxes.
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@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.
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I don’t know. Probably part of it. A huge part is more rich people live on blue states so we pay more taxes.
@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.
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@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.
