Attention Economy


Monday, May 18, 2020

Red States versus Blue States: Relative Economic Performance and Fiscal Policy Issues

Republican-dominated states lag in growth and debt performance.

‘Blue state bailouts’? Some states like New York send billions more to federal government than they get back
“The biggest givers in our latest report, based on 2018 data, were New York, which paid in US$35 billion more than it received; New Jersey, which paid $21 billion more; Massachusetts, which paid $16 billion more; and Connecticut, which paid $14 billion more than it received.
Combined, these states paid over $50 billion more in taxes than they received in federal spending”. 


Trump’s leadership failure makes a feeble economy and resurgent virus more likely