Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (96573)	4/17/2009 1:44:22 PM
From: John Metcalf	1 Recommendation Respond to of 116555

"I can see a State that has a surplus e.g. Texas in wanting to rid themselves of their share of the trillions in liabilities wracked up by the Federal Gov't. " There is a body of opinion that Texas has the right to nullify the treaty by which it became a state. Texas was a republic, which joined the US following a public vote to accept Congress' offer of annexation. Unwinding US possessions in Texas, like military bases, would be a nightmare, though far less so than in other states. Under the terms of annexation, Texas ceded parts of what are now other states, but retained all land and mineral rights within the current boundaries, except parcels subsequently purchased by the US government. Far better than secession would be for the 10th amendment to be developed into an understanding everyone can live with.

To: benwood who wrote (96573)	4/17/2009 5:05:45 PM
From: Man on the moon	Read Replies (1) \| Respond to of 116555

It makes for great conversation and speculation, but I have strong doubts whether it's realistic. I.E. Do you know how much Texas, much less any other state, relies on the federal government for support in health care, education, highways, security, and all that jazz?