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Don’t worry, every decade or so there’s a good reason for Congress to rescue the states from their foolish fiscal decisions (see also: public employee pensions)
by twoodfin 3y ago
Don’t worry, every decade or so there’s a good reason for Congress to rescue the states from their foolish fiscal decisions (see also: public employee pensions).
Somehow, though, the “bailout” boogeyman is never called out for the states, even though they got hundreds of billions of essentially no-strings-attached “Covid relief” dollars from the Feds.
- deleted 3y ago[deleted]
- mindslight 3y agoSubsidies to state governments are inevitable while the federal government retains monetary authority, and uses it to create continual monetary inflation. The idea that individual states could have fiscal responsibility and no funding from the feds would require that the federal reserve stop that fountain of new money. But the economic priests have decided that this must never happen, lest the plebs stop having to work as much.