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 : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (113961)5/19/2012 7:01:20 PM
From: Bread Upon The Water  Read Replies (1) of 149317
 
1. Your point about Greece doing what the EU has wanted. Yes, the leadership attempted to do it, but the Greek people rejected this. They are not willing to live by EU's rules although they will willing take its money.
In that case they need to pay thier own way.

2. Your point that blue states prop up red states. This is a real stretch for me. I will agree that more Federal money from blue states goes into government programs--some of which benefit red states to a degree they couldn't fund themselves. Whether this "props" them up is the stretch. These states are self sufficient to the extent they still could exist economically/politically without these federal programs because they tax themselves and the people there accept the taxation policy as legal.

This is unlike Greece, which culturally, cannot tax itself, so it is going to cease to exist in a financial sense without going thru a currency devaluation. Which is going to lead to cobbling together a primitive system of bartering and black marketeering. One cannot validly compare the the US Federation forged together after 250 years of bickering and fighting both each other and our enemies with the nascent European Union which has no common history as an entity.

3. Your point about Red states using (their own) tax dollars to attract businesses: They're not using blue states money to do this so it's irrelevant to this discussion..

4. OK--we will see about California. Surely it is going to have its credit downgraded without a budget deal.
You are right that it is rich enough to fund itself. It is however, both culturally and politically dysfunctional and won't--or at least up until now it hasn't funded itself enough.

In any event I don't accept your analogy that the US redistributes money in a way that "props up" states akin to the EU's actual propping up of Greece. This because we have an agreed upon regulated system that is culturally accepted here and the European Union does not. Not because one system is capitalist in nature and the other socialist in nature. The systems themselves rise or fall on its people's acceptance of them--not because of intrinsic dysfunction with either system.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News