SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: d[-_-]b who wrote (262534)11/29/2005 5:04:12 PM
From: tejek  Read Replies (1) of 1576346
 
The rest of us call it pork, but for states like Mississippi it's jobs and prosperity. It's why everyone says congress sucks, but THEIR congressman is a great guy and a patriot.

Everyone's willing to sacrifice, yet no one wants to go first or alone. Of course a line-item veto could be used as a weapon against one party or the other. I'm more in favor of the balanced budget amendment.

There is another problem......too many southern states spend a lot of their tax revenues chasing after and sometimes landing big automotive operations or large telemarketing centers. The giveaways are huge and the payback is well into the future......and they never seem to get ahead. Every time the new plants come on line, the plants developed under the last tax incentive giveaway go kaput. Jobs are created but I suspect at a cost that's unreasonable and not for the long term in many cases.

If a state wants strong revenue growth, then it has to uplift the incomes of its residents and the long term viability of its businesses. The only way I know to accomplish that successfully is too invest in your infrastructure, particularly education. Without good universities, esp. technical ones, you can't hope to spawn home based industries that will create a new industry and spawn new companies.

The exceptions to the southern rule are NC, FLA, TX and to a lesser degree GA. The rest of the states keep floundering in the wind and its usually their legislators who come up with all kinds of pork spending schemes like a museum for the first NASCAR car in Alabama.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News