Posted on 10/11/2009 3:28:57 PM PDT by combat_boots
I'm going to go back to this quote by Barney Frank of the US House, because it says everything those in state and local governments need to know:
Barney Frank, the Massachusetts Democrat who is chairman of the House Financial Services Committee, said in an interview that the defaults were, in essence, worth it.
I dont think its a bad thing that the bad loans occurred, he said. It was an effort to keep prices from falling too fast. Thats a policy.
Got it? It's a policy to screw the state and local governments.
Huh, you say? It's simple, really: State and local governments rely on property tax revenues. Yet defaulted mortgages don't pay property taxes. Yes, there's a lien on the property but this doesn't help the municipal budget now.
And suffer they are:
Tax revenues used to pay teachers and fuel police cars continue to trail even the most pessimistic expectations, despite the cash from the economic stimulus plan pouring into state coffers.
"It's crazy. It's really just unbelievable," said Scott Pattison, executive
(Excerpt) Read more at market-ticker.denninger.net ...
Hmmm. Perhaps you need to read the rest of the Treaty of Paris. It was signed by the United States, not by New York and Pennsylvania and Delaware. It is a treaty between Great Britain and a single country, not between Great Britain and a thirteen countries.
So the seceding states, who's political leaders helped run up the debt in the first place, are going to just walk away from it? And you expect the other states to sit still for that?
“...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
This is all the justification that is needed. We simply choose to “alter or abolish” by removing ourselves from its purview.
What about the debt that was run up, aided and abetted by three Texan presidents? If you split it along population then the sovereign nation of Texas would have between $900 billion and $1 trillion as a christening gift. As someone once pointed out, freedom isn't free.
And there is no doubt that rebellion is a right reserved to the people when they feel that there is no other alternative available to them. But the Constitution also gives Congress the power to suppress such rebellions, so it isn't going to be a walk in the park.
No but I did stay at a Holiday Inn Express last night.
And I've read the Constitution.
I guess we really dont f-—ing care if they “sit still” for it or not. If they want freedom they can join us, if they want to keep their chains they can stay and carry the weight of decades of socialism.
Well...
I guess its a good thing were not looking for a walk in the park.
Of course you don't care. Well, it should be interesting then. Sherman's march, redux, and all the rest.
Was the Constitution breathing when you read it?
No.
yeah...
Only one way to find out who is right...
The last time a bunch of states tried it they didn't want their independence badly enough to win. Hopefully you will have learned from their mistakes.
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The federal government was instituted to protect the common rights of the People and the States, yet today's federal government has prostituted the Law in order to violate the public trust with impunity.
IMHO, the States (and the People) have not only the right, but the DUTY to take back any granted authority that has been abused.
It is far less dangerous today. There is no one in Northeast or on the left coast ready to lay down their lives to defend their own cities from attack. They’re sure not going to die for fly-over country.
IF there were ever an apathetic time in the history of the US, this is it.
We did. ;-)
Also, this is not then.
To The States: Should We Talk About Secession?
No....
1) We conservatives MUST stop being in the defensive mode and launch a very strong offensive against the left.
2) The hell with Obama and focus on US congressman,US Senators, the media, lawyers(A BIG PROBLEM) and academia.
3) All future local Tea parties should protest ONE person taking a page from rule# 11 of Saul Alinsky’s Rules from Radicals. Let them feel our wrath.
4) Make the primary goal of any tea party Economic Liberty by reforming the Tax code in this country by either a flat tax or the Fair Tax. This must be the #1 goal.
5) Adopt a live and let live platform as long as one understands that with liberty also comes RESPONSIBILITY for ones actions and behaviors.
6) Understand that there is a very good chance that this country is going to have a very bloody revolution/civil war and that many friends or family members that have different beliefs may be killed. War is Hell and fought to win.
So the seceding states, who’s political leaders helped run up the debt in the first place, are going to just walk away from it? And you expect the other states to sit still for that?
“My forefathers fought to establish this country in 1776 and to preserve it in 1861.”
There’s no “preserving” a voluntary Republic with force.
It's corrupt and unconstitutional when Democrats are doing it, but honest and constitutional when the GOP is doing it. Thanks for clearing that up for us.
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