Last weekend driving down to New Orleans I enjoyed seeing the road signs in Mississippi, Alabama and Louisiana proclaiming how much both state and federal governments forked out for road projects I happened to be driving on.
I seriously think that citizens must "think" that federal dollars come from somewhere other than from taxation of American citizens. Frankly, why should anyone who doesn't pay taxes be allowed to vote? As we ramp up the welfare socialist state this ought to get good. Real good.
"For the first time in history, federal money has surpassed sales and income tax collections as the largest source of revenue for state governments, USA Today reports. And the shift is just beginning, with tax collections continuing to sink while the bulk of federal stimulus aid is just starting to arrive. As Indiana State Sen. Jim Buck points out, "This money isn't manna from heaven. It comes with a price." He worries that the federal money will leave states under greater federal control and burden future generations with debt. The federal government plans to provide about $300 billion in extra aid to state and local governments over the next two years, mostly for health care, education and transportation projects. State and local governments spend about $2 trillion a year, and the federal government is now paying about 23 percent of those costs."
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now managing the Parisian Family Office. A White Earth Chippewa, raised conservative, growing up in the poorest county in the U.S. on the Pine Ridge Indian Reservation, he began a Wall Street career in 1982. Always been, will always be, an optimist. In a world on a dopamine binge, this is his take on life from Ghost Ranch in MT, Pamelot, his TN farm or their home in San Jose del Cabo, Mexico.
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