Progressives Voted for Obama (Detroit) : Now Time for Payback

Why is anyone surprised by this? All of these states are controlled by progressives socialists Demcrats or wanna be socialists. Further, check out the number of failing cities  and who is running them, nearly all are controlled by progressive socialists Democrats.

It's almost a law of nature that if something is a fraud or has a failing agenda, it's a progressive socialist Democrat agenda. Now Detroit wants money, a bailout, from Washington because 'we all voted for you Mr Obama, now it's your turn to help us'. Oh wait, what about California and Illinois?

Who voted for Mr Obama knowing it would result in four more years of the nightmare of the past four years? Is this insanity or can the voter be this out of touch with reality.

 Is it Obama that's the problem or the people that voted for him??? You decide.

Tax Exodus: Five States that Residents Are Fleeing
Source: "Tax Exodus: 5 States that Residents Are Fleeing," Fiscal Times, November 28, 2012.

December 4, 2012
Cash-strapped states are finding it increasingly difficult to find new sources of revenue. Many states have turned to tax increases to sustain current levels of spending rather than making cuts in various programs. As a result, people have begun to move to different states to avoid the taxation, resulting in a net loss of revenue, says the Fiscal Times.

Five states top the list for shrinking populations according to migratory patterns:

•Illinois.
•New York.
•California.
•New Jersey.
•Ohio.

Some states have had a constant stream of people moving out of the state, like Ohio; yet the fact that Illinois has so many people moving out surprises many. However, the state has experienced an income tax increase of almost 67 percent, which has residents opting to leave the state.

Some local economies benefit from the increase of new residents as employers expand their consumer base and attract new talent. Low tax incentives have helped states like Texas and Florida develop better tax bases.

However, states with a declining population must worry about the long-term implications. For example, a dwindling population may create a negative feedback in which local governments respond to it by increasing taxes to make up for lost revenue, which, in turn, would lead to more people leaving the state.