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"But also expect Washington to take some heat if it simply bail outs out California, especially now that we have governors like Mark Sanford of South Carolina p
by 100k 18y ago
"But also expect Washington to take some heat if it simply bail outs out California, especially now that we have governors like Mark Sanford of South Carolina pointing out that the federal aid to states amounts to a subsidy by citizens of fiscally responsible governments to states where legislators have chucked responsibility out the window."
Federal spending per federal tax dollar paid (2005):
South Carolina: $1.35
California: $0.78
Who is subsidizing whom, Gov. Sanford?
See: http://www.taxfoundation.org/research/show/22685.html http://www.taxfoundation.org/research/show/22685.html
- tptacek 18y agoSouth Carolina isn't asking for a bailout. The bulk of the difference between CA and SC in federal spending appears to come from matching funds for Medicaid, caused by a lower per-capita income in SC and a higher percentage of people below the poverty level. Relative to other states, SC has a slightly below-average state payroll, and seems to be criticized more for not providing enough services than for being profligate.