top | item 45677327

(no title)

jmcmichael | 4 months ago

Regarding Newsom, US states are far more constrained in their spending bc they cannot create money, and must account for their expenditures more like a household or corporation. Social benefit programs, entitlements, etc. must therefore by managed and paid for at the Federal level, just like all of the goods and services that we, as a society, deem it necessary to produce regardless of whether it makes a profit or not - like most of the core transportation infrastructure, the global military empire, fundamental science, engineering, medical research and services, etc.

discuss

order

No comments yet.