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Thread: States to Senate: Send More Federal Aid

  1. #21
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    Re: States to Senate: Send More Federal Aid

    Quote Originally Posted by danarhea View Post
    Now here's a novel idea. Instead of the states begging federal government for money, how about the Federal government reduce its tax burden on the states, and allow the states to decide whether or not to tax its citizens. Projects become a lot cheaper if you eliminate the middleman.
    I would agree, but what do you do right now.

    States are projected to have $180,000,000 in budget shortfalls by july 1 resulting in 900,000 layoffs. Unemployment is 9.7% and the economy is in the midst of a housing crisis.

    What should we do? Go.

    Edit: thats actually 180,000,000,000
    Last edited by drz-400; 02-15-10 at 02:27 AM.

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    Re: States to Senate: Send More Federal Aid

    Quote Originally Posted by drz-400 View Post
    I would agree, but what do you do right now.

    States are projected to have $180,000,000 in budget shortfalls by july 1 resulting in 900,000 layoffs. Unemployment is 9.7% and the economy is in the midst of a housing crisis.

    What should we do? Go.

    Edit: thats actually 180,000,000,000
    The anti Obama crowd would love nothing more than to see the unemployment rate climb, and therefore the policies in which they are calling for match up nicely (not talking about you Dan).
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: States to Senate: Send More Federal Aid

    Some more bad news.

    Calculated Risk: Five Million Workers to Exhaust Unemployment Benefits by June

    1.2 million jobless workers will become ineligible for federal unemployment benefits in March unless Congress extends the unemployment safety net programs from the American Recovery and Reinvestment Act (ARRA). By June, this number will swell to nearly 5 million unemployed workers nationally who will be left without any jobless benefits.
    ...
    Currently, 5.6 million people are accessing one of the federal extensions (34-53 weeks of Emergency Unemployment Compensation; 13-20 weeks of Extended Benefits, a program normally funded 50 percent by the states).


    Instead lets just play politics and delay a new jobs bill.

    Another interesting piece of news:

    In Elkhart, Ind., Fear for the Day When Housing Aid Ends - NYTimes.com

    For now, the F.H.A. is modestly tightening the requirements on some of its programs, trying to strike a balance between stabilizing the market with qualified buyers and overwhelming it with unqualified borrowers.

    John Katalinich, chief lending officer at the Inova Federal Credit Union in Elkhart, says there is danger in letting buyers get into properties with so little at stake, but those risks are minimal compared to the alternative.

    “If the government were not to continue the same level of support, it would be very detrimental, like cutting the legs off a wobbling child and expecting it to run a marathon,” he said. “It’s very possible we’ll still be at this level of need five years from now.
    Housing starts is the best leading indicator for unemployment, and I can tell you that this is most likely showing unemployment will remain high for some time. But, I realize that our defecit is a more pressing issue, since it might actually hurt us in 20 years. We all know its easy to pay down a defecit with record unemployment. unbelievable.
    Last edited by drz-400; 02-15-10 at 12:46 PM.

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    Re: States to Senate: Send More Federal Aid

    reid's the one playing politics, i spose

    he didn't delay the jobs bill, he killed it

    this state bankruptcy thingy is just one of about a dozen apocalyptic catastrophes out there just waiting to crash down, multiple of which are certain to do so in 2010

    cities bellying up can be just as bad, some number of metros like san jose, ca...

    banks collapsing, the housing market, the euro, the dollar...

    iran, afghanistan, pakistan, israel, putin, korea, taiwan...

    an act of terror, any time, any place...

    employment numbers, the dow, the prospect of a double dip...

    troubles, troubles at every turn, numberless and monstrous

    too much certainly for any deft leader to deal with, sure footed, able

    for obama, in contrast...

    2010 is gonna get really ugly

  5. #25
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    Re: States to Senate: Send More Federal Aid

    Quote Originally Posted by American View Post
    The less handouts the states get from the federal govt the better.
    So why aren't you bashing Republican states which generally have been getting far more in federal tax dollars then they generate in revenue?

    Why not? Because you're a hypocrite.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: States to Senate: Send More Federal Aid

    Finally some good news:

    Obama proposes stimulus extensions in fiscal 2011 budget - Feb. 1, 2010

    --Medicaid assistance for the states: The budget calls for giving states $25.5 billion to help states maintain their Medicaid programs, adding to the $87 billion allocated in the Recovery Act.

    Medicaid has been a source of major concern for state officials. The national economic downturn has swollen the pricey health program's rolls, forcing states to contemplate scaling it back or slashing spending elsewhere.

    --Infrastructure: The administration wants to build on the stimulus-fueled spending for infrastructure, which it believes is a great way to create jobs.

    Among the measures the budget calls for is making permanent the Build America Bonds initiative, which subsidizes state and municipal bond issuances for capital construction projects such as schools and roads. The subsidy on the taxable bonds would be reduced to 28% from 35%.

    Also, the budget would add $418 million to the $7.2 billion in the Recovery Act to expand broadband services to rural communities. And it would add $1 billion to the $8 billion being spent on high-speed rail.
    Now this is more like what I am talking about. However I would like to see much more in the form of aid for states and local governments. Now lets just see if this part of the budget gets through congress.

  7. #27
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    Re: States to Senate: Send More Federal Aid

    Quote Originally Posted by obvious Child View Post
    So why aren't you bashing Republican states which generally have been getting far more in federal tax dollars then they generate in revenue?

    Why not? Because you're a hypocrite.
    Yes, everyone is a hypocrite


    FYI, it makes no sense to bash a state for having a lot of residents who get federal dollars. He is just taking a stance on a policy. There was no reason to bash anyone in the first place.

    If he bashed blue states for getting federal aide, and not red states, then that would be hypocrisy. That is not what happened here. Get a dictionary.

  8. #28
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    Re: States to Senate: Send More Federal Aid

    Quote Originally Posted by Dav View Post
    Yes, everyone is a hypocrite
    Just some people can actually read what people write and respond without fabrications.

    FYI, it makes no sense to bash a state for having a lot of residents who get federal dollars. He is just taking a stance on a policy. There was no reason to bash anyone in the first place.
    Never mind American's history of bashing states that tend to vote Democrat, his dislike of socialism, federal spending and the like. Too bad that Republican voting states tend to have higher inflows then outflows. But you won't ever see American attack the South for being a net drain. Why? Well, that's obvious.

    If he bashed blue states for getting federal aide, and not red states, then that would be hypocrisy. That is not what happened here. Get a dictionary.
    Perhaps you need to get a calender. When did American join? It wasn't yesterday.

    Try again.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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