2 ms·
>Paying out a lot more to the federal government than they receive back does not mean these states are doing well and others poorly. Sigh. Even if we look at
by bilbo0s 7y ago
>Paying out a lot more to the federal government than they receive back does not mean these states are doing well and others poorly.
Sigh.
Even if we look at a list of states by GDP, Illinois, New Jersey, and Massachusetts would still be perennial top 10 states. Even a list of states by GDP per capita, they all still are perennial top 10s. Per capita, I would bet that Massachusetts is number 1? (Maybe NY might edge them out? But I'd definitely bet they're number 1 or 2.)
Listen man, I don't even like Illinois. I hate Chicago. But facts are facts. They make a $#!t ton of money. And not the easy way doing financial engineering like New York. They do it the hard way with a huge diversified economy. Few states are like that. It's just a fact man.
Are you going to say that GDP is not a good indication of what a state produces?
- Acrobatic_Road 7y agoTheir high GDP per capita is not going to fix their insolvent pensions or runaway spending. Illinois has a BBB credit rating (just above junk!). Are you really just going to ignore that because of high GDP? https://en.wikipedia.org/wiki/List_of_U.S._states_by_credit_rating https://en.wikipedia.org/wiki/List_of_U.S._states_by_credit_...
- selimthegrim 7y agoThere’s plenty of financial engineering in Chicago last I checked.