posted on May, 11 2009 @ 01:18 PM
The dominance of federal money is set to expand dramatically this year because tax collections are sinking while the bulk of federal stimulus aid is
just starting to arrive. "This money isn't manna from heaven. It comes with a price," says Indiana state Sen. Jim Buck, a Republican. He worries
that the federal money will leave states under greater federal control and burden future generations with debt.Please visit the link provided for the complete story.
For the first time ever, The federal government supplies more than half of the states revenue.
While several states are re-asserting there sovereignty. The federal government is re-asserting control of the states through money, and the
conditions attached to how that money shall be used.
With everyone in a pinch the federal government can now give our tax money back to the states, or not. Based on whether or not the states use the
money as directed.
Another victory for federal consolidation of control and their ability to dictate a states fiscal policy.