http://blog.heritage.org/2009/01/26/say-no-to-bailout-of-state-budgets/ Fri, 10 Feb 2012 17:30:35 +0000 hourly 1 http://wordpress.org/?v=3.3 http://blog.heritage.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-15648 Jonathan, NY Sat, 31 Jan 2009 11:56:24 +0000 http://www.foundry.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-15648 This article seems to assume that the states' current fiscal crisis was caused merely by bad budget decisions. I'm sure there were probably bad decisions, but obviously the current shortfalls in revenues are caused by the recession, which started in the private sector. If the federal government doesn't bail out the states, then the states will probably raise taxes, which will worsen the recession. At least during periods of deflation, the federal government has the opportunity to monetize some of its debt, which is something the Fed seems willing to do. This article seems to assume that the states' current fiscal crisis was caused merely by bad budget decisions. I'm sure there were probably bad decisions, but obviously the current shortfalls in revenues are caused by the recession, which started in the private sector. If the federal government doesn't bail out the states, then the states will probably raise taxes, which will worsen the recession. At least during periods of deflation, the federal government has the opportunity to monetize some of its debt, which is something the Fed seems willing to do.

]]> http://blog.heritage.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14661 Ozzy6900, CT (The Bl Mon, 26 Jan 2009 15:59:24 +0000 http://www.foundry.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14661 Every time the States screw up their budget, they go running to the Federal Government. My own State of CT included. The States are supposed to be sovereign according to the Constitution. It's about time they started living within their own means. Every time the States screw up their budget, they go running to the Federal Government. My own State of CT included. The States are supposed to be sovereign according to the Constitution. It's about time they started living within their own means.

]]> http://blog.heritage.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14644 Joe Lupinski Mon, 26 Jan 2009 14:13:25 +0000 http://www.foundry.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14644 Can anyone in the Republican Party stand up and state a clear articulate responce to this bailout? Can anyone in the Republican Party stand up and state a clear articulate responce to this bailout?

]]> http://blog.heritage.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14642 New Lousianan Republ Mon, 26 Jan 2009 14:10:58 +0000 http://www.foundry.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14642 How dost I veto said bailout good sir? How dost I veto said bailout good sir?

]]> http://blog.heritage.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14639 Arlin Dell, Charlott Mon, 26 Jan 2009 13:54:35 +0000 http://www.foundry.org/2009/01/26/say-no-to-bailout-of-state-budgets/#comment-14639 Use our money for doing what Gov. is supposed to do....protect us and provide essential services. Gov. should not be spending our money rewarding companies for their stupid mistakes by bailing them out. Use our money for doing what Gov. is supposed to do….protect us and provide essential services. Gov. should not be spending our money rewarding companies for their stupid mistakes by bailing them out.

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