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Here is how Pennsylvania ranks:
42. Pennsylvania
> Debt per capita: $3,716 (20th highest)
> 2015 Unemployment rate: 5.1% (tied-25th lowest)
> Credit rating: Aa3/AA-
> Poverty: 13.2% (21st lowest)
Pennsylvania’s reserve coffers comprise just 0.2% of the state’s total expenditures for the 2017 fiscal year, nearly the smallest rainy day fund of any state. According to analysis by the Pew Charitable Trusts, Pennsylvania’s rainy day fund could finance the state’s operations for just about three days, less than any state other than Arkansas. Pennsylvania’s pension is also underfunded. The state has just 59.6% of the assets it needs to fund its future pension obligations, the fifth least of any state. Likely due in part to poor fiscal management, Pennsylvania has a AA- rating and a negative outlook from S&P.
Pennsylvania’s labor market is also not doing especially well. The state’s October unemployment rate of 5.4% is up from the same time the year before when unemployment was at 4.8%.
42 out of 50 . . . Not too good. Especially when one realizes that PA has one of the largest & most expensive state legislatures in the country. Sure doesn't seem like we're getting our money's worth out of the do nothing bozos that occupy the state house and senate. I wonder what our elected representatives will have to say about this? They'll all probably blame it on 'the other party', and then do nothing to rectify the situation.
Here is the article with all 50 states' ratings:
Last edited by Rongone (12/06/2016 5:28 pm)
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When you operate like a 1950s organization in the year 2016 this is what Pennsyltuckians get.
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I don't feel as if the size and cost of the state legislature is the cause of Pennsylvania's ranking.
The bigger problem is that PA is a microcosm of the U.S. as a whole and we're just getting further and further apart politically, culturally, and economically.
The legislature is largely splintered between urban and rural and no one wants to seem to find any common ground. If you think back to the Corbett days, he couldn't even get along with the conservatives in the House and Senate and the disconnect has gotten even worse under the Wolf administration.
This can all be turned around, and with everything the commonwealth has to offer, it's hard to believe we've gotten to this point. But just like in any other aspect of life, there needs to be compromise and a common purpose.
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From my perspective the state legislature is a prime player in the fiscal and social discord in the state. Rather than identifying and concentrating on solutions for the real problems in the state, like the budget, unfunded pension plans, taxes, infrastructure, failing public schools, wasteful spending, etc., our elected legislators choose to engage in partisan politics, their own re-election, criticism of the opposing party, and purely emotional issues. That choice tends to generate infighting and obstructionism which results in nothing really getting done. In order to be effective and responsive to the needs of the citizens of PA, the legislators need to learn to collaborate, cooperate and compromise to pass meaningful legislation that will benefit the citizens. For the past two decades they have demonstrated that they are unable, or unwilling, to perform their constitutionally required duties . . . and it's getting worse.
I believe we (the voters) need to pressure our elected officials to do their jobs in a responsible manner. I also believe that term limits and a reduction in the number of legislators in both houses through reasonable redistricting drawn up by an independent commission needs to occur. This will definitely aid in reducing the extravagant cost of our state legislature and make it operate in a more efficient manner.
Of course, without the voting public holding our elected representatives responsible for their actions, or inaction in most cases, not much will change. I have written to both my state senator and representative with a link to the article I posted, with specific emphasis on Pennsylvania's ranking, and asked them for their reaction and what actions they feel are necessary to improve the state's performance. It will be interesting to hear their thoughts on the matter . . . if they answer at all.
Last edited by Rongone (12/07/2016 10:01 am)
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Again, I asked, where is the outrage from the citizens?