RSS
FacebookGreve on the state debt trap in three parts
In case you missed it, here are Michael Greve’s 3 provocative posts that outline the ruinous nature of our “cooperative federalism.” In rich detail, Greve argues that our transfer payment system from the federal governments to the states has fostered the $4.5 trillion in unfunded pension obligations of the states. Also, Obamacare doubles down on this system by implicitly bailing out states in allowing them to shift their state employee healthcare costs on to Medicaid and get reimbursed for doing it. Finally, the 3rd post looks to Argentinian federalism as a possible and depressing future course for our federalism.
Have a nice day!
Mar 06, 2012 @ 03:14:15
There is a large part of the population who no eolgnr consider our government to be legitimate. There is no founding principal or codicil of the Constitution that allows Congress to do what they are now trying to do.The trolls who come here need to know that they are our enemies because they are enemies of freedom and liberty and ultimately, of the Republic. They will never be seen as Americans in our eyes and they will be spurned and held in contempt for as long as the abomination of a bill they support exists. The country is closer to being torn apart than at any time since the Civil War and they think it is business as usual. It is not.They can pass their law. It remains to be seen if they can enforce it.