Economy Failed Republican Policies - Texas and Florida are the Two Most Financially Distressed States in the US

[My Spot]

How could anybody have possibly guessed that your thread idea came from a meme on reddit that you had to then find an article to pretend that's not where you gotit from? That's not a different source, it's the same wallet hub rankings.

It's not even number of bankruptcy filings, it's the change from March 2024 to march 2025. California had 48,000 bankruptcies in 2024 compared to 31,000 for Texas. Illinois had 26,000 with only 12 million people, but somehow ranks 30 because they already a shitload so it didn't change as much.

Do you find it even a little weird that California ranks #5, 6, and 8 on the metrics based on actual distressed accounts and bankruptcies, and are only out of the top 10 because they rank lower on google searching loans?

SHOCKING that HeadCheese was once again worked into a shoot by Reddit.

 

[Fox by the Sea]

The problem with TS isn't that he's an imbecile, that's something that everyone here knows. but he's so dumb i'm starting to think he's in stage 1 alzheimer or something. it's statistically hard to be such a moronic dipshit.

 

[TeTe]

I’m pretty sure those two states are amongst the top choices for folks moving within this country.

TS has some of the most objectively imbecilic perspectives on just about everything, but hey.. these threads are entertaining and good for a chuckle.

Yeah people are constantly leaving California for Texas. I don't know how they do it but I suspect people are lying about how much they like it there after moving. Only so many trips to buc-ee's can make up for the shitty weather and lack of beaches and mountains.

 

[fedorthegoat777]

90% of the stock market is owned by 10% of the population. Our middle class is disappearing, slowly drowning to inflation. I was lower middle class in 2020, and with roughly the same income I’m back down with the poors again.

In my line of work, real estate investing, inflation helped me out a lot.

I often thought that if you didn't have your money tied to something, it must be pretty hard to make it these days. Every time you make a dollar, inflation and Uncle Sam take two.

I am sorry for your situation and hope it gets better. As a real estate investor, I was poorer than the poors in that crash of 08, as my money was tied up and tanked, I picked up a bundle of debt trying to stay afloat.

 

[Scerpi]

The problem with TS isn't that he's an imbecile, that's something that everyone here knows. but he's so dumb i'm starting to think he's in stage 1 alzheimer or something. it's statistically hard to be such a moronic dipshit.

I'll post a thread that he's unable to reply in because he's a moron... but he feels the need to contribute and will end up posting something random that's anti-trump even though it has nothing to do with the thread topic

 

[DoctorTaco]

In my line of work, real estate investing, inflation helped me out a lot.

I often thought that if you didn't have your money tied to something, it must be pretty hard to make it these days. Every time you make a dollar, inflation and Uncle Sam take two.

I am sorry for your situation and hope it gets better. As a real estate investor, I was poorer than the poors in that crash of 08, as my money was tied up and tanked, I picked up a bundle of debt trying to stay afloat.

Thanks man. I bought a house in 2021 I think, and at an interest rate around 2.4-2.9%. Started putting money into my rothIRA every month. Opened a couple more fitness boxing locations. Once they turn profitable I’ll be breathing easier, but this shit is stressful

 

[panamaican]

I’m pretty sure those two states are amongst the top choices for folks moving within this country.

TS has some of the most objectively imbecilic perspectives on just about everything, but hey.. these threads are entertaining and good for a chuckle.

People move there for the absence of state income taxes. Only to find out that the wages in those states are pretty low.

The point of the OP being that while the states might be fiscally sound, they're achieving it without really benefitting their population.

I'm sure there are specific details to each that are unique. Florida, for instance, is a major destination for the elderly to stretch their retirement income. But medical care is really, really expensive so they get down there and then spend their money on healthcare. Yet, at the same time, home health aides don't make great money. So you have an entire population built around an expensive but low paying industry.

I don't know as much about Texas's issues.

 

[curryjunkie]

People move there for the absence of state income taxes. Only to find out that the wages in those states are pretty low.

The point of the OP being that while the states might be fiscally sound, they're achieving it without really benefitting their population.

I'm sure there are specific details to each that are unique. Florida, for instance, is a major destination for the elderly to stretch their retirement income. But medical care is really, really expensive so they get down there and then spend their money on healthcare. Yet, at the same time, home health aides don't make great money. So you have an entire population built around an expensive but low paying industry.

I don't know as much about Texas's issues.

I listened to a podcast recently about the states most at risk of getting into serious trouble in the event of a recession caused by Trump, the economist and others on the panel stated out of the 10 most likely, 7 were Republican, 2 Democrat, and 1 swing state.

 

[Scerpi]

God bless’em. Shit was getting too crowded and expensive here

Didn't work...

All those lost middle class families and businesses were replaced with illegal immigrants

But at least they might vote blue

 

[PEB]

 

[TeTe]

Austin is turning the state blue!!!!!! Ahhhhh

 

[Scerpi]

People move there for the absence of state income taxes. Only to find out that the wages in those states are pretty low.

The point of the OP being that while the states might be fiscally sound, they're achieving it without really benefitting their population.

I'm sure there are specific details to each that are unique. Florida, for instance, is a major destination for the elderly to stretch their retirement income. But medical care is really, really expensive so they get down there and then spend their money on healthcare. Yet, at the same time, home health aides don't make great money. So you have an entire population built around an expensive but low paying industry.

I don't know as much about Texas's issues.

lol... What a load of horseshit

The middle class is alive and well here. I know many young families making $150K combined, even here in Houston, who manage just fine with kids and owning a house. Even with the housing prices growing almost 50% from 2020 to present.

The middle class is almost dead in California.

California has some the highest % of families living below the poverty level due to the insane cost of living. And when cost of living is factored in, California is the worst state for poverty.

It has the lovely distinction of having the most affluent and the most % living in poverty... while it's middle class goes extinct.


What good is having the best economy in the country, when a tiny fraction of California's citizens are pulling it in.

It's ok though... keep flooding the state with illegals to make up for the middle class leaving... you need those slave wages to pay for illegals to clean your house and bus your tables.

lol

Once again, California beats every other state when it comes to poverty​

Once again, California beats every other state when it comes to poverty

It's not the first time California has reportedly had the nation's highest poverty rate and likely won't be the last.

calmatters.org

Responding to criticism, some years ago the Census Bureau developed a “supplemental measure” that takes into account a broader array of factors, most importantly the cost of living. And it’s California’s supplemental poverty score — 15.4% over the three years — that sets the state apart.

California’s notoriously sky-high costs for housing, energy and other living needs clobber the incomes of working-class families, driving them into poverty. The national supplemental rate is 11%

Housing policy and poverty: The case of California​

Housing policy and poverty: The case of California - Niskanen Center

Policy strategies that increase housing supply and reduce housing costs should be viewed analogously to anti-poverty strategies that redistribute cash income.

www.niskanencenter.org

• California’s high housing costs are the main reason that the state has the highest poverty rate in the country.

How California Has Destroyed Its Middle Class

How California Has Destroyed Its Middle Class | California Policy Center

California has declared war on its middle class, and the special interests controlling the state are doing everything they can to impose this punitive economic model on the rest of America. It’s a quasi-feudal system, with the entire population divided into aristocrats and serfs. The means to...

californiapolicycenter.org

 

[Slapjit]

Oho ji it is thread like this which is showing we need new emoji

Not all haha is equal haanji sometimes laughing because post telling joke other times laughing because poster themself living example one joke

Maybe local moderator add to codebase or option just my small suggestion buddy

#DiversityIsStrength

 

[panamaican]

lol... What a load of horseshit

The middle class is alive and well here. I know many young families making $150K combined, even here in Houston, who manage just fine with kids and owning a house. Even with the housing prices growing almost 50% from 2020 to present.

The middle class is almost dead in California.

California has some the highest % of families living below the poverty level due to the insane cost of living. And when cost of living is factored in, California is the worst state for poverty.

It has the lovely distinction of having the most affluent and the most % living in poverty... while it's middle class goes extinct.


What good is having the best economy in the country, when a tiny fraction of California's citizens are pulling it in.

It's ok though... keep flooding the state with illegals to make up for the middle class leaving... you need those slave wages to pay for illegals to clean your house and bus your tables.

lol

Once again, California beats every other state when it comes to poverty​

Once again, California beats every other state when it comes to poverty

It's not the first time California has reportedly had the nation's highest poverty rate and likely won't be the last.

calmatters.org

Responding to criticism, some years ago the Census Bureau developed a “supplemental measure” that takes into account a broader array of factors, most importantly the cost of living. And it’s California’s supplemental poverty score — 15.4% over the three years — that sets the state apart.

California’s notoriously sky-high costs for housing, energy and other living needs clobber the incomes of working-class families, driving them into poverty. The national supplemental rate is 11%

Housing policy and poverty: The case of California​

Housing policy and poverty: The case of California - Niskanen Center

Policy strategies that increase housing supply and reduce housing costs should be viewed analogously to anti-poverty strategies that redistribute cash income.

www.niskanencenter.org

• California’s high housing costs are the main reason that the state has the highest poverty rate in the country.

How California Has Destroyed Its Middle Class

How California Has Destroyed Its Middle Class | California Policy Center

California has declared war on its middle class, and the special interests controlling the state are doing everything they can to impose this punitive economic model on the rest of America. It’s a quasi-feudal system, with the entire population divided into aristocrats and serfs. The means to...

californiapolicycenter.org

Why are you going on and on about California? The OP was about Florida and Texas. There's even a link if you cared to look at or question his data. My post was also about Florida and Texas.

Do you have something about Florida and Texas you'd like to share or is this just a self-flagellating post about California (a state not listed in the top 5 or bottom 5 of the OP's link), lol.

 

[panamaican]

Oho ji it is thread like this which is showing we need new emoji

Not all haha is equal haanji sometimes laughing because post telling joke other times laughing because poster themself living example one joke

Maybe local moderator add to codebase or option just my small suggestion buddy

#DiversityIsStrength

More seriously, you should retype your post for clarity.

 

[DoctorTaco]

Didn't work...

All those lost middle class families and businesses were replaced with illegal immigrants

But at least they might vote blue

Source?

 

[Slapjit]

More seriously, you should retype your post for clarity.

sorry buddy I concede to your argument and redo.

t:

---

Hello — this thread is clearly demonstrating the need for an additional emoji option.

It is important to emphasize — not all “haha” reactions are equal. Sometimes the laughter is due to a post conveying a joke — other times the laughter occurs because the poster themselves is effectively the embodiment of a joke.

Perhaps a local moderator could consider adding a or reaction to the codebase — this is simply a small suggestion, buddy.

#DiversityIsStrength


Again very sorry my friend! Sat Sri Akal I will do better in future

 

[Scerpi]

Yawn... lol

Do you ever not self own yourself? lol

Texas still had positive net migration in 2024. Highest in the country



Now... Who's leaving Texas in 2025? Could it be the illegal immigrants who flooded the state during the Biden Admin?

Come on... do a little soul searching. You know it's true




A net negative migration into the US for 2025? Interesting...

 

[Scerpi]

Source?

Jesus fucking christ... Open your eyes and pay attention

Try and put 2 and 2 together.

and lol at making me find you a source. lol... Took me 30 seconds.

"the state added 934,000 international migrants, compared to a net domestic migration loss of 1.46 million residents"

1) California lost a historic number of middle class (and upper class) during the Biden Admin
2) The Biden Admin let in a Historic Number of illegal immigrants... excuse me... Asylum Seekers at the same time.

Those "asylum seekers" are the only reason California held it's ground... kind of.

But the state got richer and poorer at the same time. lol

Oh... Here's for you @HomeCheese lol...

Over and done...

California's Middle Class Declines as Low and High Incomes Surge, Study Shows | KQED

Over the past two decades, the state lost 7% of its middle-income earners while its low- and high-income population grew, new research shows.

www.kqed.org

California's Long-Term Population Slide Threatens Its Economy

The state is losing its youthful energy, with more than 4 million people leaving for other states since the start of the century.

www.governing.com

And the prognosis for California’s future growth is not good, given that most of the recent uptick seems to have been the result of the historic immigration surge during the Biden years.

Worse for California, the slight decrease in out-migration last year doesn’t come close to fixing what’s been a decades-long exodus.

The numbers tell the story. From 2020 to 2024, the state added 934,000 international migrants, compared to a net domestic migration loss of 1.46 million residents. California’s out-migration has come to resemble the pattern long associated with Rust Belt states. Over the last 24 years, more than 4 million net domestic migrants, a population about the same as the Seattle metropolitan area, have moved to other parts of the nation from California.

People are leaving, or not coming to California, for rational reasons — and most of them are economic. One 2020 study showed that minorities, including Asian, Latino and Black people, generally enjoy higher real incomes and home ownership in Southern or some heartland cities than in the East or West coast metros. These groups have been flocking to Dallas, Houston, Atlanta or Miami rather than California in search of opportunity. Even given the influx of immigrants to California, the foreign-born population of cities in Texas, Florida and parts of Ohio, North Carolina and Tennessee has been growing faster than San Francisco’s, and L.A.’s foreign-born numbers are declining.

Long a beacon for the young and ambitious in particular, today California ranks toward the bottom in attracting all newcomers from other parts of the country. Rather, many affluent young professionals are migrating out of the state. In 2022, California lost more than 200,000 net migrants 25 or older, the bulk of whom had either four-year or associate degrees, while that cohort’s numbers surged in Nevada, Arizona, Texas, Florida and the Carolinas.

One recent survey identified the five best regions for young job seekers; four of the five were in the South. Many young people, thinking about their future lives, choose areas where family formation is higher, such as Utah, Texas and, again, the Southern states.

 

[HomeCheese]

Are you an imbecile? You're the one who linked the Axios article. The Rockefeller report from which their data is drawn was linked in the maps shown in that article. The Rockefeller link is actually included as a link in the portion you copy-pasted. You didn't read it, so you didn't even notice that.

Are you intentionally trying to prove your stupidity to the forum?

No link? Thanks for nothing, I'll go back to google. Quit your bitching then if I bring something back you don't like.