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 don’t think it’s a bad thing that the bad loans occurred,” he said. “It was an effort to keep prices from falling too fast. That’s 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 ...
“We were here first. The Federal “government” can go to hell...”
I like the way you think!
Count me in.
” If you want to try to destroy my country in 2009 you’ll be facing MY second amendment rights.”
“Anyone who even talks about this are TRAITORS to the United States. “
These United States are traitors to the Constitution. You just want to accept that and make nicey nice. I am loyal to the Constitution, not what a bunch of liberal commies are trying to turn it in to.
“Where does it forbid it?”
The 10th Amendment.
What about the debt that will be foisted on us for generation after generation if we stay in the union with a correlating loss of freedom?
I’ve never said we could walk away debt free. But it will be far easier for Texas to recover from their own debt than it will be to continue to be saddled with the debt from Obama. Reid, Pelosi, Frank, Rangel, Schumer, etc.
And as far as I'm concerned you're free to go...so long as you take your fair share of the existing debt with you.
I wasn’t aware of that. Interesting...
Thanks.
Good points. Thanks...
I grew up thinking Lincoln was one of our top presidents.
I have since come to realize some very important issues were involved in the Civil War, not the least of which was slavery.
Slavery WAS NOT the driving force behind the Civil War in my opinion. The emancipation proclamation was not developed and publicized until the last year or so of the war. Lincoln’s support for the war was slipping, and it was anticipated that support would shore up if slavery were tied to the war effort more firmly.
I do not ascribe to Lincoln the objection to slavery that many people do. If it was that important to him he would have declared the emancipation proclamation from the get go.
Lincoln to my point of view, is the benefactor of a retelling of the Civil War.
Look, I may be wrong here, but that’s my current perception none the less.
As you mention, the effect on state’s rights and the federal government’s power, was severely changed at the end of the Civil War. That is indeed unfortunate.
It’s time to address those matters.
Talk of secession makes my blood pressure rise. What a silly idea! Even sillier is serious consideration of it. Only those who have not considered the full ramifications would propose it.
Respectfully disagree. While I don't presently advocate secession, the thought of living under tyranny, greater so than now even, is much more abhorrent than almost any other outcome I can think of. Some things are just worth fighting for. Freedom is one of them.
“There was a little thing called the Civil War which happened almost 150 years ago, I believe your side lost. You can probably read about it in the history books if you look hard enough.”
It’s funny that someone with “Goldwater Republican” as their name would champion the overbearing and un-Constitutional Federal government. I guess you like being ruled by DC.
“Talk of secession makes my blood pressure rise. What a silly idea! Even sillier is serious consideration of it. Only those who have not considered the full ramifications would propose it.”
I’m sure the ancestors of many Canadians would agree with you.
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 don't think it’s a bad thing that the bad loans occurred," he said. "It was an effort to keep prices from falling too fast. That's 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.
I agree with your name entirely. The battering given in the early 1860s was completed with the 17th amendment. Our founders set up a beautiful system of checks and balances. The people had the House and the States had the Senate. The Senate would be used to keep the federal government in check and make the States a partner. When that was removed, all bets were off and now you have what we have...To return to sanity, the States have to get back that control....REPEAL THE 17TH AND RETURN SANITY TO GOVERNMENT.
“The Supreme Court did rule on secession. In an 1869 decision the court ruled that states could leave the Union with the consent of the other states.”
Well, if Texans get mad enough, we won’t bother asking for permission to leave.
“I never said I am championing the government - we need to work to change the government back to what it used to be, but we don’t do that by destroying our country.”
What if that isn’t possible?
“I will fight against any traitor trying to break up the country.”
Redcoat, huh?
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