Edward Dowd on GETTR : 🚨🚨 Report: The Great Federal Centralization 1)We are all familiar with Federal Debt to GDP rising from 60% to 120% since ...
🚨🚨 Report: The Great Federal Centralization 1)We are all familiar with Federal Debt to GDP rising from 60% to 120% since 09 banking crisis. However, an unnoticed trend of State Debt declining from 33% of total public debt in 09 to 10% today has resulted in federal power grab. 2) About 40% of a state's annual budget now comes from the Feds resulting in: ✅Reduced competition for private capital amongst states ✅Enhanced chances of corruption as decision making moves from the people to the DC swamp ✅States dilute their economic political sovereignty over Federal government dictates 3) Lastly, the states now have better balance sheets than the Feds so if this process continues at what point do states entertain secession? http://bit.ly/TheGreatFederalCentralization
🚨🚨 Report: The Great Federal Centralization 1)We are all familiar with Federal Debt to GDP rising from 60% to 120% since 09 banking crisis. However, an unnoticed trend of State Debt declining from 33% of total public debt in 09 to 10% today has resulted in federal power grab. 2) About 40% of a state's annual budget now comes from the Feds resulting in: ✅Reduced competition for private capital amongst states ✅Enhanced chances of corruption as decision making moves from the people to the DC swamp ✅States dilute their economic political sovereignty over Federal government dictates 3) Lastly, the states now have better balance sheets than the Feds so if this process continues at what point do states entertain secession? http://bit.ly/TheGreatFederalCentralization

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