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The non-informed or poorly understanding person doesn't understand that the Fed having a balanced budgets starts with STATES having balanced budgets and not leeching off the Fed.
States are mandated to send money to the Fed who redistributes it like Robin Hood.
If the Fed didn't do that then states couldn't leech, could they ?
What difference does it make to have a balanced budget when you don't adhere to the spending part of the budget. If it makes you feel better devise your own budget for your state but you will have as much chance for your state to adhere to your budget as you have for them to adhere to their own.
California does not have a balanced budget nor do many if not most of the states that are supposed to.
Not surprisingly, most of these states are dem/big-gov states.
Some of these states that are failing to keep balanced balanced are now creating revenue by dubious means like the taxation of pot sales.(Get it-dubious ha ha)
Why are these states being allowed to have chronically unbalanced budgets?
States are mandated to send money to the Fed who redistributes it like Robin Hood.
If the Fed didn't do that then states couldn't leech, could they ?
Another ill informed poster who doesn't make sense. If a state can't balance its own budget, how can it give money to the Fed? The Fed gets money from taxes from individuals, business, and corporate taxes on a subjective basis from all 50 states, but not the 'state' itself.
What law says the states as an entity are supposed to give money to the Fed?
The needy blue states TAKE money from the Fed because they don't balance their budgets, not give.
Totally irresponsible.
Last edited by Objective Detective; 01-15-2018 at 10:08 AM..
The inability to balance budgets at the state level is bipartisan, both parties have problems. Maybe some on here were to young to recall California's Proposition 13 passed back in 1978 as part of a tax revolt against big government. It created more problems than it solved, older homeowners and businesses fared quite well, not so much for young home buyers and low income.
Another ill informed poster who doesn't make sense. If a state can't balance its own budget, how can it give money to the Fed? The Fed gets money from taxes from individuals, business, and corporate taxes.
What law says the states are supposed to give money to the Fed?
The needy blue states TAKE money from the Fed because they don't balance their budgets, not give.
Totally irresponsible.
I would not say that I'm the one who is "ill informed".
California does not have a balanced budget nor do many if not most of the states that are supposed to.
Not surprisingly, most of these states are dem/big-gov states.
Some of these states that are failing to keep balanced balanced are now creating revenue by dubious means like the taxation of pot sales.(Get it-dubious ha ha)
Why are these states being allowed to have chronically unbalanced budgets?
Because we the people don't hold them accountable. The 2 party system does that to a lot of people.
Nothing to do with dem or repub state. Most are progressive.
Might have better results without aiming for yearly balanced budgets
“Consider this: Might states be better off with broader constraints on the amount they’re allowed to overspend in bad years as long as they’re required to pay down those bills in good years? This may sound like a recipe for more budgetary monkey business, but given the ease with which many states can circumvent their balanced budget requirements, it feels like the benefit of such an approach comes in transparency and honesty about what’s really happening in the budget.”
You are wrong. That does not prove what I said wrong in any way. A balanced budget is besides the point of the amount of revenue.
All that link does is break down the revenue stream of each state, which comes from the individuals in the states. The 'state' as a whole is not paying Fed taxes, the people in them are, subjectively.
It has nothing to do with the point of states being required to have balanced budgets which the blue states are neglecting to have. You don't understand.
This is the problem with liberal democrats, the party of quantity, not quality. Most comprehend very little about where money actually comes from and where it goes.
Last edited by Objective Detective; 01-15-2018 at 10:27 AM..
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