[Oshkalaboomboom]

You mean there isn't a bottomless money pot for government to dip in to and exchange money for votes? I never would have guessed.

[Wally_Kalbacken]

Tremendous range of funding for state employee pensions from IL and CA (and KY) among the worst with perhaps 45% of the correct funding actually set aside to states like WI where the funding level is over 100%. Critical point - we cannot let the irresponsible states benefit from their neglect of funding by an explicit or implicit federal bailout.

[Vince Ferrer]

I speculated around 2009 that pot would become legal in most states just for the tax reasons. It has taken a lot longer than I thought, but it is still heading that way.

With a booming economy states need to means test welfare. They can start with drug testing welfare recipients.

Sanctuary states will be forced to adopt a state income tax to collect from those who do not file tax returns.

And finally, interest rates, while still near historic lows, are gradually and necessarily going back up. This will raise the cost of borrowing for states, so they will be forced to cut spending somewhere.

[Jim Robinson]

Oh, gee. Guess the states will have to cut back on spending. Breaks my heart.

[Doofer]

They’ll expect the Feds to bail them out, which means us!

[cba123]

Let’s just prepare ourselves.

I think later this month, the US government Census Bureau, will announce that last year, the US ran an all-time high trade deficit with China.

An all time record. Trump and all.

See for yourselves. Extrapolate the numbers, to include one more month.

https://www.census.gov/foreign-trade/balance/c5700.html

A new record terrible trade deficit.

Just saying.

[McGruff]

[WMarshal]

Let the state and local governments starve, they do nothing of value that compensates for their costs. We should start over by firing the lot and starting fresh.

[Fresh Wind]

Government obligations are backed by the full faith and credit of the printing press.

[Brooklyn Attitude]

The “bomb cyclone” consequence is never mentioned.

[Thibodeaux]

Prosperity and inflation will provide a remedy for most states.

[Boomer One]

Time to enact a 1% national sales tax coupled with a 1% reduction in federal spending. All funds collected or savings resulting from a reduction in spending are, by law, to be used for federal debt reduction. This “penny solution” has been proposed before and ignored by Congress but now would be a good time to implement it.

[PeterPrinciple]

Folks,

Nothing changes until the money runs out..............

Now what will that look like?