by Sixstrings » Thu 01 Apr 2010, 09:41:42
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The Midwest and South can and will do just fine without either coast.
But how would they get their federal subsidies?

Midwest farmers stay in business because of federal subsidies, the South gets a lot of grants and welfare money.
I'm not sure there's much evidence they "do just fine"on their own.
Not to mention that every state in the south receives more in federal money than it pays back in taxes.. (all except Georgia and Texas, which are still almost at a 1:1 ratio).
http://www.taxfoundation.org/files/sr139.pdf
by mcgowanjm » Thu 01 Apr 2010, 09:55:40
$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('bshirt', '
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The Midwest and South can and will do just fine without either coast.
But how would they get their federal subsidies?

Midwest farmers stay in business because of federal subsidies, the South gets a lot of grants and welfare money.
I'm not sure there's much evidence they "do just fine"on their own.
Not to mention that every state in the south receives more in federal money than it pays back in taxes.. (all except Georgia and Texas, which are still almost at a 1:1 ratio).
http://www.taxfoundation.org/files/sr139.pdf I'm from the Midwest and South. And Fekete's Theorum of
Productive wealth being leveraged into Financial is on full
display with both regions.
Example: during Katrina, time after time I heard that the NOGC
is a poor city/region. Even when it pumps 35% of the nation's
oil/gas, something like 40% of the seafood, has the US's Largest port.
New Orleans as a City State instantly becomes one of the wealthiest
entities on the North American Continent.
And you can go on and on...People are about to be disabused of the notion that Wall St/DC create wealth.
by mcgowanjm » Thu 01 Apr 2010, 10:05:35
$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('mcgowanjm', '
')And you can go on and on...People are about to be disabused of the notion that Wall St/DC create wealth.
Fabulous! Then maybe they should STOP accepting all that federal money!
Right after the Top 1% stop cashing their checks
$this->bbcode_second_pass_quote('MyBudget360', '
')At times it appears those in Wall Street have never ventured out to actually see the cities where many of their toxic loans were made. Not only do they not care, they have no idea what the local economy can support. I recall that in 1929, at the height of the stock market right before the crash, a time when supposedly all was well 60 percent of Americans fell under the poverty line! This egocentric view of Wall Street has not changed over the century.