The only hope is to grow the economy so that the debt can be paid, which is something Americans often know how to do.
But unlike other bills, this one contains a poison pill, to ensure that red states and cities inclined to cut taxes are stopped dead in their tracks.
Reason magazine's Eric Boehm has located and identified this slimy, sneaky little rider:
Buried within the $1.9 trillion emergency spending bill that Congress sent to President Joe Biden's desk on Wednesday is a provision that could effectively block states from cutting taxes if they accept federal bailout dollars.Darn right, it's unconstitutional. If a state can't cut taxes, what exactly can it do?
That provision, added to the bill by the Senate last week, could put a halt to several states' plans to cut taxes this year as a way to stimulate economic growth following the COVID-19 pandemic. Depending on how the text is interpreted, the measure could also make it illegal for states to create new tax credit programs like the ones that have become a popular mechanism for expanding school choice. Critics say this expansion of federal control over state policymaking is murky at best, and potentially unconstitutional.
It amounts to a Democrat bid to not just shovel other people's money, but that little thing that comes with money, which is control. Conditionality. Power. In exchange for passing this monopartisan spending bill, their aim is not just to bail out blue cities and states at the expense of red ones, but to make red cities and states as overtaxed and badly run as blue ones.
And don't think this isn't an issue. Democrat-run blue states are hemorrhaging people. The COVID lockdowns have cut the benefits of living in big blue cities by shutting down all economic and social activity and forcing workers into their homes. A lot are realizing they don't need to work in giant cities any more, so the crime and high taxes they pay are starting to matter.
According to this January 2020 editorial in the Wall Street Journal:
Read More HERE
3 comments:
The whole ruling class consists of traitors at this point. I've been thinking Secession for a while now, but Revolution is starting to look like a more appropriate avenue.
Revolution - I don't want to take away an inch of our Republic from our posterity, nor give an inch to these evil corrupt bast*rds.
Bullshit. It may be there but all cities and states are broke and getting broker they now cannot cut taxes or will be blamed for the outcome. I know not really a word. lockdowns have killed sales taxes which are causing the caufers to go dry. this was put in there to distract and piss you off.
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