[p2p-research] Post-Depression first: Americans get more money from government than they give back | csmonitor.com

[Ryan Lanham]

On Mon, Nov 23, 2009 at 7:10 PM, J. Andrew Rogers
<reality.miner at gmail.com>wrote:

> On Sun, Nov 22, 2009 at 4:35 PM, Ryan Lanham <rlanham1963 at gmail.com>
> wrote:
> > What is more, we have very sick state budgets...California, Oregon, Rhode
> > Island and many others are well past where they can easily maintain given
> > current budget realities.
>
>
> The other current reality is that States like California are not
> inherently bankrupt, they are just fantastically wasteful, corrupt,
> and incompetent. That kind of deadweight loss is tolerable in a strong
> growth economy, but it becomes a dead albatross during less prosperous
> times. California is a good example of a state that has been
> completely captured by a power structure that uses the government as
> its personal money tree.
>

That sort of argument feels very old now...like very 1983.

Ryan
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