Bush killing US financially - heading for $8 trillion debt, page 4
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reply posted on 7-8-2004 @ 05:20 AM by Hawk
Originally posted by FreeMason

We don't need that. A significantly smaller Federal Government without all the massive regulation bureaus would result in far less off budget spending and thus far less debt, and the debt backs our dollar but we do not need so much of it.


So we can have states with massive regulation bureaus instead?

A strong Federal government means a place where "people can come together" and "no one gets left behind". One place with one rule that oversees all.

I have trouble with giving the states more rights. It removes unity and unties people from a "national sense". It becomes "Kansas the Beautiful" instead of "America the Beautiful".

One government for one great country. State divisions are fine, but giving them more power splits things up... I mean, there's already enough division as it is.

In some states it's legal to do that, but in others it's not. That's stupid... how can you keep track? Ignorace of the law isn't an excuse, but with all these damn laws that change from state to state, it really should be!

... anyway, I'm getting off the point here ...

I think our money should flow to one place so that they can decide where to spend it and figure out which state needs it more.

For example (and these numbers will be WAY OFF, but think abstractly), California brings in 1.3b at the end of the year, but TX brings in 2.8b. We had an energy crisis in CA (granted created by greedy individuals, but ignore that part for now)... we needed the money more than TX because they were fine... but we can't use it because that's income from STATE TAX... wouldn't it be easier to do it otherwise?

(Again, the above scenario is really lame and the numbers are way off... but it's an EXAMPLE that gets my point across... I hope)

Anyway, my 0.02.



reply posted on 7-8-2004 @ 11:45 AM by mrdependable
Well Bush's last hope of Wall Street holding up into the election took a turn for the worse yesterday as the shockingly bad jobs numbers were released. The Dow Jones is now well below 10,000 and the bottom is not in sight yet. Fed Reserve chairman Greenspan is now in the very unenviable position of having to raise interest rates after keeping them too low for too long even tho the economy is in a very precarious position.

Whoever gets elected is going to have an extremely difficult time managing the US economy from now on. The cheap money has all been spent by the government and the consumer yet the economy is still struggling to keep its neck above water. The number one priority has to be the US economy now which is a much greater threat than terrorism to the future of this country. There is no room for error now at any stage or we could see the housing bubble burst and the US and world economy very quickly back in recession and probably depression as there is very little room to cut interest rates at all.

I don't care who gets elected now but they damn sure need to stop this tom foolery in Iraq and start spending every dollar where it is needed. Greenspans warning to Bush to cut government spending has fallen on deaf ears for the past 2 years and now the government has no access to cheap money to stimulate the economy at this critical time. If we continue to get poor personal spending data and can't create more than 100k jobs per month over the next 3-4 months it will be time to sell all your US assets and buy euros.


reply posted on 7-8-2004 @ 07:47 PM by taibunsuu
Originally posted by Hawk
Originally posted by FreeMason

We don't need that. A significantly smaller Federal Government without all the massive regulation bureaus would result in far less off budget spending and thus far less debt, and the debt backs our dollar but we do not need so much of it.


So we can have states with massive regulation bureaus instead?

A strong Federal government means a place where "people can come together" and "no one gets left behind". One place with one rule that oversees all.

I have trouble with giving the states more rights. It removes unity and unties people from a "national sense". It becomes "Kansas the Beautiful" instead of "America the Beautiful".

One government for one great country. State divisions are fine, but giving them more power splits things up... I mean, there's already enough division as it is.

In some states it's legal to do that, but in others it's not. That's stupid... how can you keep track? Ignorace of the law isn't an excuse, but with all these damn laws that change from state to state, it really should be!

... anyway, I'm getting off the point here ...

I think our money should flow to one place so that they can decide where to spend it and figure out which state needs it more.

For example (and these numbers will be WAY OFF, but think abstractly), California brings in 1.3b at the end of the year, but TX brings in 2.8b. We had an energy crisis in CA (granted created by greedy individuals, but ignore that part for now)... we needed the money more than TX because they were fine... but we can't use it because that's income from STATE TAX... wouldn't it be easier to do it otherwise?

(Again, the above scenario is really lame and the numbers are way off... but it's an EXAMPLE that gets my point across... I hope)

Anyway, my 0.02.


Most state and federal offices are already duplicated.

The Founding Fathers deliberately created both federal and state governments as a means of balance in the government. States' rights are essential to ensuring the government doesn't get too powerful. They realized that a power monopoly always breeds corruption and tyranny.
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