Monday, March 22, 2021

Mass Federalization: How Washington is Bailing Out Failed States, Decapitating Competitive Ones and Ending America As You Knew It

It's being financed by both the United States Treasury and the Federal Reserve bank, which are now joined at the hip in fiscal profligacy.

Flood every unit of local government with federal cash, irrespective of need, while prohibiting tax cuts, thereby bailing out failing states and cities.

Annul or override state laws that make certain states competitive, thereby eliminating their competitive advantages, and federalize elections to make it all permanent.

Most of ARP commentary about cities and states has wrongly focused only on the $350 billion that will go directly to them.

"Education too. Federalizing social programs would be a huge step toward expanding the welfare state and ending poverty permanently. If passage of further legislative packages proves even more difficult, as Republican opposition increases and the Senate's Democratic moderates dig in their heels, it would be an easy step to protect the gains of the ARP and secure Biden's presidential legacy from the get-go."

Today's well-run states will thereby loose much of their competitive advantage.

Additional pending federal legislation specifically aims to deprive thriving states of what has given them comparatively advantage.
 

https://wirepoints.org/mass-federalization-how-washington-is-bailing-out-failed-states-decapitating-competitive-ones-and-ending-america-as-you-knew-it-wirepoints/ 

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