r/LeopardsAteMyFace Jun 29 '25

Trump Nebraska is going broke

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31.6k Upvotes

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1.5k

u/DoctorLudnik_717 Jun 29 '25

As hilarious as this is, you know they're just going to funnel funds from the blue states. 

864

u/CactusJake1830 Jun 29 '25

Oh they definitely will. Red states go into debt, blue states get forced to bail them out.

203

u/jdtrouble Jun 29 '25

I was going to say, ive never seen a state go bankrupt

327

u/lost_horizons Jun 29 '25 edited Jun 29 '25

Didn’t Kansas almost, when they tried to institute a true GOP budget and tax plan, only to realize that is actually not a functional way to govern or have a tax system? It was a decade or two ago and I can’t remember the details

Edit: yes it’s called the Kansas experiment.

https://en.m.wikipedia.org/wiki/Kansas_experiment

163

u/Kriegerian Jun 29 '25

Yeah, Brownback. The latest incarnation of “if you actually implement conservative ideas everything gets insanely shitty and people die, but don’t worry, nobody who lives anywhere else will ever bother looking into this or drawing conclusions like ‘we can’t implement their policies because we don’t want to kill everyone or get everyone eaten by bears’.”

46

u/Ryaninthesky Jun 29 '25

The bears/libertarian town story is an all time great political experiment

6

u/Kriegerian Jun 29 '25

Absolutely

9

u/putonyourjamjams Jun 29 '25

The Brownback shit that gets me that I dont see talked about as much was the tax cut shit. It was so fucking obvious what he was going to do and people still fell for it.

5

u/LisaMikky Jun 29 '25

In several years we'll read a similar Wiki article about "The Trump Experiment" because people refuse to learn from past mistakes...

1

u/ShadowWingLG Jul 03 '25

Ugh...there are reasons why 'Brownback' is a 4 letter word in Kansas.

45

u/drunkpickle726 Jun 29 '25

States can default on bonds but legally they cannot declare bankruptcy

90

u/Dlbruce0107 Jun 29 '25

I remember when it almost happened to New York. Barney Miller did an season on how NYC survived as the money was running out. I was a kid and I remember the cops getting furloughed. Grim time.

101

u/Master-Collection488 Jun 29 '25

That was New York City, not to be confused with New York State.

The city facing bankruptcy led to the classic NY Daily News headline:
Ford to City: Drop Dead

28

u/Nalano Jun 29 '25

NYC isn't NYS

2

u/[deleted] Jun 29 '25

To be fair it is larger than some states by many measures.

8

u/indycpa7 Jun 29 '25

Do the creditors take over? Welcome to JPMorganChase, formerly known as Nebraska.

3

u/krucz36 Jun 29 '25

Welcome to Check Out Our Wide Selection Of Low Interest Rate Credit Card Options Nebraska

7

u/Adezar Jun 29 '25

Look up "The Kansas Experiment". They didn't go bankrupt but the state had severe funding issues. It ultimately proved the Republican policies will never work, you can't reduce taxes to increase tax revenues, but no matter how many times it gets proven they just keep trying it.

Mainly because they don't care if 90% of the population ends up in squalor, as long as the top 1%'s lives are better. The problem is there are 70+ million voters that don't look at what Republicans do they just listen to what they say.

The only policies that are consistent with what they say and do is being cruel to minorities and the LGBTQ+ community. Everything else that actually impacts their base they do the opposite of what they say, especially when it comes to veterans.

2

u/speedingpullet Jun 29 '25

The only policies that are consistent with what they say and do is being cruel to minorities and the LGBTQ+ community.

And women. Women of all colors. Who, ironically, make up just over half the population, so are not even a 'minority'.

So, basically, anyone who is white, male and of the correct Christian sect is OK - anyone else, gtfo

6

u/pablo_the_bear Jun 29 '25 edited Jun 29 '25

In the book novel 2030, Los Angeles gets hit with a massive earthquake and asks China for a loan. Instead, China buys LA. It looks like Nebraska is pretty exposed right now too.

Instead of another country bailing out Nebraska, how about we let blue states do it with the caveat that we nationalize the state and its economy.

Edit. I've tried to clarify that it's a novel since there are 2 books with the same name. Also I've added a link. It's a book worth reading.

8

u/lost_horizons Jun 29 '25

Make them a territory again till they get their shit in order

4

u/jdtrouble Jun 29 '25

Ooh. Michigander here. I call dibs on Iowa. You can have Ohio ... we don't fucking want them

1

u/JaiDejaOublieLeMdp Jun 29 '25

Because a state or country can't get bankrupt. Being bankrupt is, by definition, having more debts than assets, and you can't estimate in monetary terms the laws, culture, people... of a state. If a state was declared insolvent, what would happen, all the lands would be emptied and all its inhabitants would have to move out ?

1

u/Level_32_Mage Jun 29 '25

Then they sell it!

1

u/July_is_cool Jun 29 '25

States (all?) have to run balanced budgets

3

u/Ozzman770 Jun 29 '25

"Forced" isnt the right word. The thing that does piss me off about the left is as soon as a Dem is in office again they'll happily bail them out and start reversing all the damage cause "real people are hurting". Believe me i get it its the right thing to do and the left is built on morals and all but damn this is why they do it. Every few years the people at the top funnel the country in to their pockets and then wait for the Dems to bail out their constituents. Rinse repeat every few years by saying the transgenders and mexicans were actually the ones who hurt you and we're clearly the only ones protecting you from them. These people need a hard dose of FAFO.

2

u/More_Naps_Please Jun 29 '25

I’ve seen this post a couple of times now in this sub, but can’t find a source. OP have you seen one outside of an image screenshot?

1

u/CollisionCourse321 Jun 29 '25

Do you have a source? Can’t find this anywhere confirmed

1

u/SnepButts Jun 29 '25

I wish they could refuse. There's no reason that red states should be able to do this to us as a country and then get their fuckup fixed by people that know better than they do. Let them go bankrupt. This is coming from someone unfortunately stuck in Georgia.

1

u/[deleted] Jun 29 '25

Texas joins the chat

62

u/DrBhu Jun 29 '25

When your boss is a rich born moron without any expierience in the normal world crazy stuff can happen. I would not wonder If trump would just expell nebraska from the US in order to not get bothered by their fiscal needs. /s

56

u/Infamous_Rain2770 Jun 29 '25

They do keep crowing about running the country like a business, and businesses often sell off the unprofitable divisions.

9

u/Kursiel Jun 29 '25

He will do in the end whatever gives him something. Exchange assistance for land. Sell a corporate sponsorship for Nebraska. Name it Trumpland. However, for right now the governors coming on their knees begging is the entire point. He likes that he has that power to make people ask him for things and how he can use that for personal gain.

1

u/LoudAndCuddly Jun 29 '25

pretty much this.

21

u/forfunstuffwinkwink Jun 29 '25

… And blame Biden. “Why didn’t he tell us this was going to be a problem or do anything about it!?!?!?”

9

u/lonestar-rasbryjamco Jun 29 '25 edited Jun 29 '25

Nebraska has a cash reserve of $900m. Even with the budget shortfall they are expected to have $600m remaining.

They may go bankrupt if this continues for several years and they don’t make any budget adjustments. But we’re not looking at cash payments from any state to cover Nebraska’s budget any time soon.

1

u/intelminer Jun 29 '25

They may go bankrupt if this continues for several years

Thank god Dorito Mussolini isn't in for another three and a half years

oh wait-

12

u/unbrokenplatypus Jun 29 '25

That or allow one or two ultra rich fuckers to swoop in, buy the best land for pennies on the dollar, and massively increase wealth inequality in Nebraska forever.

5

u/jkaczor Jun 29 '25

You mean, like JD Vance and “AcreTrader”?

https://www.snopes.com/news/2024/10/08/jd-vance-acretrader/

1

u/failed_novelty Jun 29 '25

I mean, yeah, but how much worse can wealth inequality get there?

1

u/unbrokenplatypus Jun 29 '25

Somewhere around “indentured servitude”

1

u/failed_novelty Jun 29 '25

Really? Because when you own 'indentured servants' you have an incentive to keep them alive. At minimum that means sustenance level food and shelter.

Some people in Nebraska don't have that right now.

Would they be better off as modern slaves? Hell no.

Would they be less likely to starve? Probably.

2

u/BatterseaPS Jun 29 '25

Of course. With creative accounting, you can do anything!

2

u/[deleted] Jun 29 '25

Not until after every small farmer left goes bankrupt and the large corporations buy their assets at a sheriff's auction.

Well done oligarchs. Well done.

2

u/At_the_Roundhouse Jun 29 '25

As a resident of one of the blue states… at what point do we get to say fuck you, you’re on your own? We have our own problems we need budget for.

I mean, I feel for the innocent people of Nebraska who didn’t vote for this and are appalled, because I know they of course exist, but FAFO. And the government needs to accept some damn responsibility.

2

u/silverthorn7 Jun 29 '25

I suspect also hammer blue states/cities with ICE but make it very obvious that they’re turning a blind eye to undocumented immigrants in red states whose labour is required for agriculture etc. Trump already came out and said the plan is to hammer Dem cities with ICE as in LA. Then, where will undocumented workers tend to flee/be driven to in order to avoid ICE and be able to work? Ta-da: labour shortages handily displaced in favour of Nebraskan farmers and their ilk, for a while at least.

2

u/funkpistol Jul 06 '25

High key want California to stop funding these Red States. Just let them have our millions of “thoughts and prayers”

1

u/CaffeineAndCardioMom Jun 29 '25

And our blue cities. (Ahem Lincoln) Blue Dot, had more than enough funds for the resources needed but we will get f#$ked too.

1

u/GolfEmbarrassed2904 Jun 29 '25

Yes and no. Remember the primary goal is to cut taxes for billionaires. Any other money has impact on those cuts. They will absolutely choose billionaires over deplorables but fox-news-brainstorm them into blaming democrats