Posted on 07/15/2009 4:17:59 AM PDT by arthurus
Washington is bluffing that it will not bail out California, and every other state suffering from collapsed revenues and massive job losses. If cuts in police and schools dont force DC off from its current position, then the math will. Because in many states the aggregate revenue losses and looming cuts to state payrolls will largely render the intended effects of federal stimulus as moot. Frankly, unless Washington prints money and bails out every state that needs capital, including California, federal power will decline...
(Excerpt) Read more at seekingalpha.com ...
Declining federal power is a good thing.
I wonder how Texas has a budget SURPLUS and no state income tax?
[It’s a planned collapse]
Indeed it is as those with eyes to see and ears to hear and a brain to think realize.
That is a scarce few indeed.
Because our government only works six months every other year, we don’t pay them when they’re not working, and they *have* to go back and live with the laws they enacted (as well as reactions to those laws from angry constituents) as opposed to staying aloof and unaffected in a remote location. They don’t get enough time to run out of actual important agenda items and be forced come up with ways to justify their continued employment.
Stimulus is already moot. They have only spent 6 percent of the money they had too have.
They will let the economy whither on the vine and use those funds for re election.
The fly in the ointment is what do you do with all the unemployed ... And that has no government solution.
Ah you say, this is where the Nazi science of Eugenics comes in ... right you are.
Oh, and this surplus is despite getting hammered by two large hurricanes in the past 5 years, paying off all the costs of taking in our Lousiana neighbors during one of those said hurricanes, having to rebuild everything in the strike zones, not to mention the successful execution of the largest evacuation in human history - which everyone said could not be done.
We don’t need the US - but the US needs us to be the economic engine that pays for everyone else. And I for one am not interested in that huge load which will surely drag us down.
No. But there are many who plan to exploit and who are exploiting the grand webs of bribery, collusion, corruption and venality that involve nearly ALL Democrats and MANY Republicans in Congress as well as major executive positions in the FedGov.
This is not a planned collapse — but vultures, maggots and slime are so fast to take advantage of rot it can look that way.
“The fly in the ointment is what do you do with all the unemployed “
Stop paying them to be unemployed.
/mark
It’s called COMMUNISM.
LLS
As the money runs out, that’s inevitable ... Maybe I should have said idled workers. In most cases like today in France, it turns into ruin for civil society.
Doesn't ANYBODY take History anymore?
A country this size is going to require MILLIONS of these guys:
bookmark
Yep, it’s going to be bloody.
Especially when Bammy lets OPENLY GAYS in the military. The STRAIGHT guys will FLEE UNLESS they can’t get another job!
AND... Texans tend to vote out idiots that want to enhance government services at the expense of the taxpayer. Hopefully, this will continue for several more decades.
Maybe the local government is just afraid of the NRA members here in Texas...hehe...
I'm expecting (not advocating) a few blanket parties, which will demonstrate the value of remaining closeted.
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