Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Disclaimer: This does not say I think this'll happen or agree or anything.. just adding to the previous conversation.. LOL!
9 Vermont state office candidates favor secession
SHELBURNE, Vt. – Peter Garritano thinks it's time for Vermont to call it quits with America.
The way the 54-year-old automobile salesman sees it, the "empire" is about to implode and tiny Vermont can lead the way by becoming its own independent republic. So he's running for lieutenant governor, topping a slate of secession-minded candidates seeking statewide offices this year.
Those of you in Texas might appreciate hearing that your state is one of the very few that is considered to be faring better than most:
.."a key factor often missed in these kinds of discussions is Texas’ reliance on sales taxes rather than income taxes. Income takes a much bigger hit than consumption during economic downturns because people try to maintain their living standards while enduring temporary wage cuts or unemployment spells. So income tax revenue tends to fall further than sales tax revenue during recessions, leaving income-tax-reliant states facing deeper fiscal shortfalls." On the Record: Texas in Better Fiscal Shape than Most Other States - Southwest Economy, Fourth Quarter 2009 - FRB Dallas
This article examines the "big four" : CA, NY, TX, FL. "The most tax-averse states over the years are in the best shape in these times of foreclosures, layoffs, bankruptcies and negative economic growth. That’s because their lower taxes produced less tax revenue for lawmakers to spend. Those lower-tax states had fewer and less-expensive government programs, and therefore have a much smaller budget hole from which to dig out." Why Some States Are in Better Fiscal Shape - Capital Journal - WSJ
Ok. This is op/ed page, but has some interesting considerations: "We didn’t pay attention to the housing bubble. We closed our eyes to warnings that the levees in New Orleans were inadequate. We gave short shrift to reports that bin Laden was determined to attack the U.S. And now we’re all but ignoring the fiscal train wreck that is coming from states with budget crises big enough to boggle the mind." Op-Ed Columnist - Invitation to Disaster - NYTimes.com
NEW YORK (CNNMoney.com) -- "The same economic pressures that pushed California to the brink of insolvency are wreaking havoc on other states, a new report has found. The 10 most troubled states are: Arizona, California, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin.
Other states -- including Colorado, Georgia, Kentucky, New York and Hawaii -- were not far behind." Ten most troubled states in the U.S. - Nov. 11, 2009