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The Water Cooler
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Secession would bankrupt Oklahoma
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<blockquote data-quote="rhodesbe" data-source="post: 2491356" data-attributes="member: 2415"><p>So here are some notes your comments have spurned:</p><p></p><p>Oklahoma's State Budget in 2012 was about $6.5B (<a href="http://ballotpedia.org/Oklahoma_state_budget" target="_blank">http://ballotpedia.org/Oklahoma_state_budget</a>)</p><p>Oklahoma received 43.3% of that amount as federal money, or about $2.8B</p><p>However, Oklahoma paid about $27.1B in Federal Tax that same year (<a href="http://en.wikipedia.org/wiki/Federal_tax_revenue_by_state" target="_blank">http://en.wikipedia.org/wiki/Federal_tax_revenue_by_state</a>)</p><p></p><p>If I'm looking at this right, OK could clearly remain solvent on it's own current tax revenues if fed payments ceased. Of course, the situation would not remain equal, as we surely recieve some benefits (ie: road projects, social security, farm entitlements, medicare/medicaid) that don't show up in any of these numbers.</p></blockquote><p></p>
[QUOTE="rhodesbe, post: 2491356, member: 2415"] So here are some notes your comments have spurned: Oklahoma's State Budget in 2012 was about $6.5B ([url]http://ballotpedia.org/Oklahoma_state_budget[/url]) Oklahoma received 43.3% of that amount as federal money, or about $2.8B However, Oklahoma paid about $27.1B in Federal Tax that same year ([url]http://en.wikipedia.org/wiki/Federal_tax_revenue_by_state[/url]) If I'm looking at this right, OK could clearly remain solvent on it's own current tax revenues if fed payments ceased. Of course, the situation would not remain equal, as we surely recieve some benefits (ie: road projects, social security, farm entitlements, medicare/medicaid) that don't show up in any of these numbers. [/QUOTE]
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Secession would bankrupt Oklahoma
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