4 ms·
Yeah the states and local municipalities don't have the fed for handouts (whatever you mean by that exactly, I am assuming it is the unemployment benefits) Stat
by night862 5y ago
Yeah the states and local municipalities don't have the fed for handouts (whatever you mean by that exactly, I am assuming it is the unemployment benefits) State/local has to balance their budgets for the most part aside from federal redistribution to "poor" states with less tax revenue.
- mohanmcgeek 5y agoI'm not sure if state/local governments really need to balance their budgets. They can borrow just like the federal government can. > the states and local municipalities don't have the fed The federal government too doesn't "have" the fed. The federal reserve is a bank and it's independent of the government.