Saturday, June 02, 2012

Welfare queens.

Why can't Florida get a job?
So as I read it, between falling tax payments without any corresponding fall in federal benefits, plus safety-net aid — not counting Medicaid, which would make the number even bigger — Florida received what amounted to an annual transfer from Washington of $31 billion plus, or more than 4 percent of state GDP. That’s a transfer, not a loan. And it’s very big.  
Oh, and we should also add both FDIC costs and Fannie/Freddie losses in Florida.

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