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View Diary: Bankruptcy Is Not An Option (41 comments)

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  •  I believe we are... (4+ / 0-)

    a collection of bordering and some non-bordering sovereign entities, each of which is a member of the Union.  Residents of differing states do not inherit the benefits of a state in which they do not reside, nor do they pay for other states' benefits or liabilities.  

    Through the Federal Gov't, some funding is provided through grants, loans, or outright distributions, but the Federal Gov't isn't responsible for the benefits and liabilities of a state (unless the benefit is one that is Federally mandated and requires some sor of matching contribution.  

    That being said, perhaps the question is should rather than must the Federal Gov't offer additional assistance, and in what ways, to states that are bordering on bankruptcy.

    •  Exactly. Japan Attacked a Territory Not the USA (6+ / 0-)

      as a whole, but we still went to war over it.

      That was a devastating burden to impose on the 48 states over an incident in one territory.

      The present economic crisis threatens the interests and the people of the nation. There's damned good reasons for dealing with it nationally even though we may not be forced to do it by the Constitution.

      The Constitution doesn't force us to go to war in any circumstances, it requires the government to agree to do it. But it allows government to do it, and it allows government to help the states in an economic crisis.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Sun Jan 23, 2011 at 06:25:34 AM PST

      [ Parent ]

      •  Through the stimulus... (1+ / 0-)
        Recommended by:
        Curt Matlock

        program, I believe the individual states have received a lot of help.  The problem, now, is that the stimulus funds are drying up.  The future debate will likely be what can and should the Federal Gov't do to alleviate some of the stresses, and what actions can be taken by the individual states themselves.  

        IMHO, as a nation we shouldn't just offer a floodgate of state bailouts; yet, we shouldn't just allow states to collapse either.  

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