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

[HomeCheese]

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?

Lol, saw that after. The data is presented differently on the Reddit link. I linked the article in the OP. I had to post the reddit one because look what state is least financially distressed. I was surprised to learn it is my state.

You haven't disputed that Texas and Florida are most financially distressed which I appreciate. Would you also agree that both states are considered to have corporate friendly tax and regulation codes?

I am suggesting that the republican leadership has taken both of the states to the extreme of making policies decisions to favor corporation at the expense of the population. Hence, the two most financially distressed states.

 

[DoctorTaco]

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.

That article doesn’t say anything about illegal immigrants though. Sounds like people are moving to California to try to make a life for themselves. It’s too expensive and so they move elsewhere.

Seems pretty normal.

Also there’s no need to be rude.

 

[HomeCheese]

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

I don't mind what you say because I realize texans are a bit brainwashed. We can both agree on this no? You guys think Biden is the devil. Watch these people insist on not building a flood warning system. How many people did this kill? Brainwashed man.

 

[HomeCheese]

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

Where do you think most of the homeless in Cali come from?

Even with all this Texas and Florida are far more financially distressed than California.

 

[Madmick]

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

Again, the link to the report is in your post. Not only did I quote this in the post to which this post of yours is responding, Post #97, but I went the extra distance of enlarging that link to the max font size of 26 since I assumed I was conversing with a moron. Apparently that estimation was too generous.

So, here it is again. I removed everything you STILL haven't read that you brought to the forum as evidence of your claims. Did I meet the twitter quota, now? Do I need to abbreviate it further? Too much reading for you to handle?

Data: Rockefeller Institute of Government

Holy shit, man. You're dumb as a box of rocks.

 

[HomeCheese]

Again, the link to the report is in your post. Not only did I quote this in the post to which this post of yours is responding, Post #97, but I went the extra distance of enlarging that link to the max font size of 26 since I assumed I was conversing with a moron. Apparently that estimation was too generous.

So, here it is again. I removed everything you STILL haven't read that you brought to the forum as evidence of your claims. Did I meet the twitter quota, now? Do I need to abbreviate it further? Too much reading for you to handle?


Holy shit, man. You're dumb as a box of rocks.

Okay, I see why you are confused. Go back and look at post #91 and se that the data is the link I provided in different that what you linked.

Either way, your prickishness is on full display as always. Every once in a while I ask myself: What kid of a person supports cutting school lunches and AIDS drugs for children in order to make private planes tax deductible. Then I'll some some angry shit you post and I'll remember.

Your little man complex in annoying AF.

 

[Libero cane v2]

Texas seems like a dystopic hellhole consisting mainly of desert, unbearable heat, endless highways, angry republicans. Unwalkable cities and relentlessly obese people clinging to their guns and religion. Hard pass. Austin seems nice though, to be fair.

 

[sickc0d3r]

Texas seems like a dystopic hellhole consisting mainly of desert, unbearable heat, endless highways, angry republicans. Unwalkable cities and relentlessly obese people clinging to their guns and religion. Hard pass. Austin seems nice though, to be fair.

Texas mostly sucks. Like the rest of the south, it’s all fatty’s in giant pickup trucks, with strip malls, and unbearable heat. There’s a donut shop on every corner, I kid you not. At least Florida has nice beaches. Most Texas beaches are like landfills with a runoff. And the property taxes more than make up for the lack of state income tax. Anyone moving there from Cali almost certainly hates it, aside from the politics maybe. Austin is nice, though. Also the Woodlands area.

 

[HomeCheese]

Texas mostly sucks. Like the rest of the south, it’s all fatty’s in giant pickup trucks, with strip malls, and unbearable heat. There’s a donut shop on every corner, I kid you not. At least Florida has nice beaches. Most Texas beaches are like landfills with a runoff. And the property taxes more than make up for the lack of state income tax. Anyone moving there from Cali almost certainly hates it, aside from the politics maybe. Austin is nice, though. Also the Woodlands area.

That's pretty much been my experience. Had a business trip to Lubbock in the 90's and even though I got laid it was one of the most boring weeks I ever had on the road. Bet restaurant in town was Applebee's.

Spent time in a few of the cities, Houston being my least favorite, drove across the state before. I can't get over how flat most of it is. Other than being a good place to find Native American artifacts, I don't understand the attraction.

 

[sickc0d3r]

That's pretty much been my experience. Had a business trip to Lubbock in the 90's and even though I got laid it was one of the most boring weeks I ever had on the road. Bet restaurant in town was Applebee's.

Spent time in a few of the cities, Houston being my least favorite, drove across the state before. I can't get over how flat most of it is. Other than being a good place to find Native American artifacts, I don't understand the attraction.

Horrible state to drive through, for sure. My god it takes forever and there’s nothing interesting, anywhere. Depressing.

 

[Madmick]

Okay, I see why you are confused.

Go back and look at post #91 and se that the data is the link I provided in different that what you linked.

Either way, your prickishness is on full display as always. Every once in a while I ask myself: What kid of a person supports cutting school lunches and AIDS drugs for children in order to make private planes tax deductible. Then I'll some some angry shit you post and I'll remember.

Your little man complex in annoying AF.

I'm not confused, you're confused. Here, let's catch you up to speed. My participation in this thread of discourse began when you were bickering with @nostradumbass over whether or not Texas and Florida are donor states.

Okay I see.

Then maybe you can explain: if 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

Then you brought up Axios, and specifically invoked your earlier post citing it. You know, the one I've reposted several times now? The Axios article was built on the information from the Rockefeller Report.

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!"

So, no, in fact, we aren't discussing different data. We are discussing the same topic, and the same data. The difference is I read the report. You didn't even read the Cliff Notes Axios article that was selectively reporting from it. Texas and Florida, from 2015-2023, were both Top 5 donor states, not welfare states. In fact, including COVID, which accounts for everything, here are the top dozen donor states, and I'll color code them according to their general partisanship for you.

Top 12 Donor States to the Federal Government, 2015-2023

1. Virginia
2. Texas
3. Maryland
4. Florida
5. Pennsylvania
6. Ohio
7. North Carolina
8. Alabama
9. Arizona
10. Michigan
11. Georgia
12. Kentucky

Finally, post #91 was my post. There is no data linked in that post or in the post of yours I quoted inside of it. Post #92 was your post where you scrambled to change the subject to an entirely different topic about some Reddit post concerning "financial distress", not the matter of whether or not a state gives or takes more from the federal government. How are you such a goldfish? You also didn't even remember that I'm 6'5", accusing me of having a "little man complex", despite that I just told you my height several months ago when you humiliated yourself in the Sports Bar in the basketball thread asserting height isn't that important to success in the NBA.

Put down the shovel. You aren't digging your own grave, anymore, you're digging a tunnel to China.

 

[Cajun]

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.

It's just for the better standard of living. Even the ghetto houses in El Segundo that I looked up when I was driving through many many times for work we're about a million dollars. For that kind of money you could have a brand new house with a swimming pool and land. The lifestyle is just not comparable depending on which area of California you live

 

[TeTe]

It's just for the better standard of living. Even the ghetto houses in El Segundo that I looked up when I was driving through many many times for work we're about a million dollars. For that kind of money you could have a brand new house with a swimming pool and land. The lifestyle is just not comparable depending on which area of California you live

Lol well let's be honest... 80 percent of the people leaving CA are moving to Austin

 

[Cajun]

Lol well let's be honest... 80 percent of the people leaving CA are moving to Austin

Of course they like the politics. Their money is still much better spent in that smaller Market than la

 

[TeTe]

That article doesn’t say anything about illegal immigrants though. Sounds like people are moving to California to try to make a life for themselves. It’s too expensive and so they move elsewhere.

Seems pretty normal.

Also there’s no need to be rude.

I moved here seven years ago from Chicago and it was the greatest decision ever.