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Federal aid is now the top revenue for states

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posted on May, 11 2009 @ 01:18 PM
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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.

USAtoday

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.




posted on May, 11 2009 @ 03:39 PM
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I guess this explains why there are so many MORONS running the show these days.... they dont want anyone to succeed...
if you aint going bankrupt.... you will be... kind of mentality.. just chaps my hide....

[edit on 11-5-2009 by BornPatriot]



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