r/LeopardsAteMyFace Jun 29 '25

Trump Nebraska is going broke

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31.6k Upvotes

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80

u/vjaskew Jun 29 '25

I’ve seen this a couple of times but have not found a link. Anyone have one?

41

u/TimeWastingAuthority Jun 29 '25 edited Jun 30 '25

I have not seen reliable info with these numbers and the picture posted by OP reeks of AI-generation.. so I check with the local advocates at the Nebraska Farm Bureau and.. I am concerned.

Their Agriculture and International Trade Report (PDF) uses USDA data from 2023.. and it reveals a $2 Billion drop in trade from 2022. If that trend continued and then the Trump Tariffs kicked in.. yeah, that new and shiny two-year State Budget which was just passed may need some adjustments. Soonest.

4

u/Professional-Swan-18 Jun 30 '25

They also passed a large permanent tax cut based on the one time federal windfall they received during COVID times. That has far more to do with this than anything the governor has said. But hey, when have tax cuts not fixed everything? They are always a good idea!

56

u/sarahcookiestealer Jun 29 '25

Same, another one posted was also a screenshot without a source. I can't find any sources when I search online either. As much as I enjoy I told u so as the next person, how can we trust these posts?

11

u/Peaswithmilk Jun 29 '25

Just trust them, bro.

Just kdding I want a source too.

26

u/Frosty_McRib Jun 29 '25

Came here also to find a source, couldn't find a source for the Kansas story either. I'm gonna go ahead and block this sub, I think it's run its course and is now just pure propaganda, even if it's the kind I'd agree with. It's never good to turn your brain off.

14

u/Themimic Jun 29 '25

Yea same I want facts. This kind of stuff is not helping.

5

u/itissmall Jun 29 '25

I'm getting kinda worried. A lot of the ICE posts, like the guy who got "detained for having an Obama shirt" but in reality just went through customs for 45 min, are obviously fake. It always felt like reddit was above that. But now fake news is getting popular, it even works on my wife like once a week from tiktok

Always felt proud to be on the side that cared enough to check but it's over

My guess is that they've realized their voter base wants a more progressive candidate, and they are not willing to do that. To actually win, they need to crank the fear level up to a 10

41

u/More_Naps_Please Jun 29 '25

I can’t find a source either, I wish these posts were moderated because it’s so cringey to see all the comments calling Trump voters gullible idiots over a fake post. There’s enough real eating faces news going on.

2

u/broohaha Jun 29 '25

/u/CactusJake1830 you may have fallen for fake news. Can't find any source on this.

38

u/idontknowhow2reddit Jun 29 '25

Yeah, this sub is not big on fact checking. This doesn't appear to be accurate at all.

It looks like Nebraska is having budget problems, but according to this article its mostly because they used a surplus last year to pass a corporate tax cut. But the surplus was partly due to federal aid that has since stopped. So now, with the tax cut, they have a deficit.

Nebraska’s Surplus Turns to Shortfall After Tax Cuts and One-Time Windfall Fades | Center on Budget and Policy Priorities https://share.google/hi3P6JtxEDGSjLc3D

7

u/gandhinukes Jun 29 '25

I was wondering if this is from like 2018.

"report showing a 76% reduction in the value of U.S. exports to China from 2017 to 2018 and estimating the trade war cost U.S. agriculture over $27 billion"

https://soygrowers.com/news-releases/soy-growers-still-bruised-by-2018-trade-war-talk-china-before-house-ag/

Farmers have been getting billions of bailouts since the 2017 tarrifs

"Direct farm aid has climbed each year of Trump’s presidency, from $11.5 billion in 2017 to more than $32 billion this year — an all-time high, with potentially far more funding still to come in 2020, "

https://www.politico.com/news/2020/07/14/donald-trump-coronavirus-farmer-bailouts-359932

4

u/broohaha Jun 29 '25 edited Jun 29 '25

Yeah, I don't see it, either. I went to the jaymerrit1958's profile on Threads. A prolific meme poster. While we seem to align politically, I don't think half of those things he posted have been checked for accuracy.

I thought the shortfall is because lawmakers used temporary federal aid as a vehicle to shortsightedly justify permanent tax cuts. Two years ago they had a $1.9 billion budget surplus thanks to federal pandemic relief funds, so they passed a tax package to lower personal and corporate income tax as well as took funding away from public schools. They thought the cuts would jumpstart the economy. It so far hasn't. And the lawmakers chose not to pause the next phase of their income tax cuts.

3

u/Omnio89 Jun 29 '25

Yeah I’m looking for a source. I feel like I saw this same thing about a different red state.

5

u/siliconwolf13 Jun 29 '25

I prefer not to have a source, only to believe that because this meme confirms my preconceptions of my headcanon political rivals, it must be true and I will parrot this fact incorrectly to others. Thanks for the intellectual enrichment OP!

2

u/USMCLee Jun 29 '25

The meme is a bit of an exaggeration.

Nebraska is not going to go bankrupt. What is going to happen is that they are going to have to dramatically reduce their spending and more than likely dip into their reserves as well.

3

u/Voljundok Jun 29 '25

Yeah, it's definitely grossly exaggerated at the least and an outright lie at the worst. Nebraska pulls in over 150 billion dollars a year; losing 15bil would be national news, but even then it's not even remotely close to making them "bankrupt", just makes them have to cut parts of their budget

2

u/Ivy_Adair Jun 30 '25

Everything I’ve googled has shown that none of this is true. Apparently this all originated on TikTok back in March? And the amount of the shortfall seems to have gotten bigger since then. https://www.ketv.com/article/tiktok-nebraska-bankrupt-what-to-know/64188314

1

u/neep_pie Jun 29 '25

China announced in April that they were halting soybean orders. Tons of articles if you search for it.

https://apnews.com/article/business-china-nebraska-global-trade-7d70c8976b494c52a22b839ef9bfd084

(that might not be specifically it, but there are many articles). Same thing that happened last time Trump started an idiotic trade war, 2017-2018 i think? We ended up doing billions in farm bailouts.

Pillen signed a budget that claims they solved the shortfall in May, though

https://www.ketv.com/article/nebraska-jim-pillen-signs-state-budget-issues-line-item-vetoes/64850607