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

[HomeCheese]

There's no way you think this is going well for you.

Florida still has 26% more people moving in than out even after the massive growth for like a decade. It was smaller than NY like 11 years ago, and now has 4 million more people than NY and have had new housing developments popping up every 20 minutes.

The States Where The Most New Builds Are Being Developed​

State	Rank	Number of new builds per 1,000 people
Utah	1	11.7
Idaho	2	11.43
Florida	3	9.8
South Carolina	4	9.76
Colorado	5	9.73
Texas	6	9.01
North Carolina	7	8.99
Arizona	8	8.98
South Dakota	9	8.84
Delaware	10	8.47

The States Where The Least New Builds Are Being Developed​

State	Rank	Number of new builds per 1,000 people
Rhode Island	1	1.27
Connecticut	2	1.29
Illinois	3	1.55
New York	4	2.02
West Virginia	5	2.07
Alaska	6	2.12
Michigan	7	2.16
Hawaii	8	2.40

Okay I see.

Then maybe you can explain: f Florida's is so well managed then how come it's a welfare state? How does the fourth largest economy in the country be so well managed that the states is on government welfare, taking in more money from the federal government than they pay in taxes?

Same with Texas. How does a "well managed" state manage to be on welfare?

 

[HomeCheese]

It's not the second most financially distressed state. The preponderance of states with the greatest financial distress, which I think can be fairly characterized as government debt, are blue states. I just listed them above.

If you want to offer a more comprehensive look at debt that includes the personal debt of the state's resident population in addition to this, something I think any reasonable person would consider to paint a true picture, then you can add that in, but looking solely at "credit in forbearance" would be a dumb way of doing that.

I'll go with the metrics set by the team at Yahoo Finance, it seemed a pretty reasonable set of criteria. I would also point out that despite having the second and fourth largest economies both Texas and Florida are welfare states.

That seems as good of indication of mismanagement than anything.

https://finance.yahoo.com/news/florida-now-2nd-most-financially-164500255.html

 

[Cajun]

Sure and the insurance problem has gotta be a factor in the real estate crashing. Condo dues on homeowners insurance are going up here so I can only imagine how fast they are climbing in Florida.

Yeah that I dont know. But people are still moving there. Just slower rate. Population there is still increasing.

 

[nostradumbass]

Okay I see.

Then maybe you can explain: f Florida's is so well managed then how come it's a welfare state? How does the fourth largest economy in the country be so well managed that the states is on government welfare, taking in more money from the federal government than they pay in taxes?

Same with Texas. How does a "well managed" state manage to be on welfare?

While I appreciate the attempt to move the goal posts to a different planet, you're wrong there too. Both Florida and Texas are donor states. Florida is $17B in the donor column, and Texas is $67B in donor column. Might want to look some of this stuff up before blurting it out. Your state, which is of course very blue, is an example of a welfare state, and takes nearly double the amount from the federal government than it pays in taxes.

Maps show which states give more to federal government th...

Four states pay just over a third of the country's federal taxes.

www.newsweek.com

 

[oldshadow]

the business owners are the source numbnuts

Just the ones in the video. My source was about the state as a whole numbnuts.

 

[Yehudim]

Yeah bankruptcy is NBD.

You serious right now?

Yes.

 

[HomeCheese]

While I appreciate the attempt to move the goal posts to a different planet, you're wrong there too. Both Florida and Texas are donor states. Florida is $17B in the donor column, and Texas is $67B in donor column.

Maps show which states give more to federal government th...

Four states pay just over a third of the country's federal taxes.

www.newsweek.com

Axios says otherwise. I posted earlier.

 

[curryjunkie]

Just the ones in the video. My source was about the state as a whole numbnuts.

your source was a spokesman for a tourist body, he aint exactly impartial...numbnuts..

 

[nostradumbass]

Axios says otherwise. I posted earlier.

Your axios article is from 2022, mine is from last month. By your own metric, Texas and Florida would be exceptionally well run for going from recipient states to donor states, being at the top end of gdp growth, personal income growth, inward migration, while the state you live in would be a horrible failure for being a welfare state before, an even worse one now, with lower than the national average gdp growth and personal income growth, and having outward migration for 9 of the last 10 years. Is your state an example of democrat failure, or do we need yo shift the goalposts again?

 

[oldshadow]

your source was a spokesman for a tourist body, he aint exactly impartial...numbnuts..

Its a hell of a lot better then just a couple of people they found......numbnuts.

 

[Madmick]

Axios says otherwise. I posted earlier.

No, Axios doesn't say. Do you ever investigate any of the shit you copy-paste?

Axios was re-sharing a Rockefeller Institute Report. This evaluated a 9-year balance that included the extraordinary outlier period of COVID when, as it noted in its report, for the first time in the history of their tracking, not a single state maintained a positive balance of contribution to the Fed.

If you look at the report, without COVID spending, Texas ranks #6 in the average balance of payments as a positive contributor to the Fed for the 2015-23 period. With COVID spending it's actually even better: #2 (behind only Virginia). Without COVID, Florida is #3 as a positive donor. With COVID, it drops to the #4 most positive.

Do you need the A.I. to help you? "Hey, ChatGPT, I made a fool of myself again. Help!"

 

[HomeCheese]

Your axios article is from 2022, mine is from last month. By your own metric, Texas and Florida would be exceptionally well run for going from recipient states to donor states, being at the top end of gdp growth, personal income growth, inward migration, while the state you live in would be a horrible failure for being a welfare state before, an even worse one now, with lower than the national average gdp growth and personal income growth, and having outward migration for 9 of the last 10 years. Is your state an example of democrat failure, or do we need yo shift the goalposts again?

The point being Texas and Florida are struggling the most financially in the country. I think it's in the thread title no? Here is a different source for you.

 

[Mr Holmes]

No, Axios doesn't say. Do you ever investigate any of the shit you copy-paste?

Axios was re-sharing a Rockefeller Institute Report. This evaluated a 9-year balance that included the extraordinary outlier period of COVID when, as it noted in its report, for the first time in the history of their tracking, not a single state maintained a positive balance of contribution to the Fed.

If you look at the report, without COVID spending, Texas ranks #6 in the average balance of payments as a positive contributor to the Fed for the 2015-23 period. With COVID spending it's actually even better: #2 (behind only Virginia). Without COVID, Florida is #3 as a positive donor. With COVID, it drops to the #4 most positive.

Do you need the A.I. to help you? "Hey, ChatGPT, I made a fool of myself again. Help!"

Thanks for clearing that up. I got into it with him on this same issue.

 

[HomeCheese]

No, Axios doesn't say. Do you ever investigate any of the shit you copy-paste?

Axios was re-sharing a Rockefeller Institute Report. This evaluated a 9-year balance that included the extraordinary outlier period of COVID when, as it noted in its report, for the first time in the history of their tracking, not a single state maintained a positive balance of contribution to the Fed.

If you look at the report, without COVID spending, Texas ranks #6 in the average balance of payments as a positive contributor to the Fed for the 2015-23 period. With COVID spending it's actually even better: #2 (behind only Virginia). Without COVID, Florida is #3 as a positive donor. With COVID, it drops to the #4 most positive.

Do you need the A.I. to help you? "Hey, ChatGPT, I made a fool of myself again. Help!"

Okay interesting, let's see a link to this if you don't mind.

 

[Madmick]

Okay interesting, let's see a link to this if you don't mind.

Concession accepted.

 

[HomeCheese]

Concession accepted.

No source? You can't provide a source?

I am open and interested in looking at it if you think it's better. It's hard to find reliable data lately it seems.

 

[Madmick]

No source? You can't provide a source?

I am open and interested in looking at it if you think it's better. It's hard to find reliable data lately it seems.

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?

Florida bankruptcies up 0% over first six month last year and just take a look at how many homes are for sale there. Never seen anything like it.

Texas is so poorly run it's an embarrassment. You folks do have a strong economy, I mean y'all most just pump shit out of the ground. The problem is with how the money is managed. Even with that strong economy you guys can't balance the books.

Texas is a welfare state taking in more money from the federal government than it pays in taxes. You still need states like California to help you keep the lights on. Pathetic management of resources.

https://www.axios.com/2025/02/12/states-money-federal-government

Axios
Search


Updated Feb 15, 2025 - Economy

Which states get more federal money than they send​

Balance of payments per capita, 2022​

Without COVID spending
A choropleth map of the U.S. showing each state's balance of payments per capita in 2022, minus COVID-related spending. New Mexico had the highest balance of payments, at $14,781. Massachusetts had the lowest, at -$4,846. The average across all states was $3,029.
U.S. avg: $3,029

Mass. sends nearly $5k more per capita to the federal government than it receives.

Texas​

Had a per capita balance of payments of $1,486 in 2022, without COVID-related spending.

Data: Rockefeller Institute of Government; Map: Alex Fitzpatrick/Axios
Only 13 U.S. states send more money to federal government coffers than they receive, a recent analysis found.

Why it matters: The Trump administration's push for states to be more financially independent brushes up against the reality that many depend on federal money for everything from disaster relief to food aid.


Driving the news: Massachusetts (-$4,846), New Jersey (-$4,344) and Washington (-$3,494) had the lowest balance of paym

 

[nostradumbass]

The point being Texas and Florida are struggling the most financially in the country. I think it's in the thread title no? Here is a different source for you.

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?

 

[Andy Capp]

Meatball Ron has been very business getting bribes errr I mean donations to Casey Desantis foundation. No easier way to scam than set up a foundation. That is why the scammiest man on the planet Cankles Trump can no longer legally run a charity. Cantaloupe Ankles Trump stole from his. Florida Media brought it up about Meatball’s wife shady foundation but dropped the story because Meatball is a tiny dictator.

I see what you did there

 

[curryjunkie]

Its a hell of a lot better then just a couple of people they found......numbnuts.

No it aint