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Re: Do you want to know the real number of people to lose their health care under ACH
States must operate with a balanced budget unlike the Federal Govt. which can spend more on defense than the next 7 Countries combined. Also the AHC was self-funding because of taxes levied on corporations and wealthy Americans.
Just out of curiosity, why can't individual states fund it?
If individual states can't afford then why and how exactly does the Federal Government necessarily always have the money and means to finance everything?
I'm asking because while I know somethings about economics I don't know everything about economics. I know the US (Federal) debt-to-GDP ratio now exceeds the US GDP and the US dollar can just be printed up. I know Russia has tied their currency to their commodities (if they ever could not pay a debt to a country in rubles they could ship commodities to that country in the equivalent worth) and since that have some state owned energy companies portions of profits from one or more of those companies can go to funding their universal health care system.
So, while states in the US can't just print up money, can't they just increase their debt and increase state taxes to fund whatever it is they want to fund?
States must operate with a balanced budget unlike the Federal Govt. which can spend more on defense than the next 7 Countries combined. Also the AHC was self-funding because of taxes levied on corporations and wealthy Americans.