Before I go to our disagreement, let me start with the thing I think we do agree on.. As it stands right now the Fed does have too much power. They have too much control over our currency in general.
But the thing about that is that's a problem that's always been there. And decisions made these days are not going to make much of a difference, we were put on the tracks to this damn near 100 years ago, and at this point I don't think it can be derailed.
I doubt anyone in the government has the ability to affect this without causing havoc. That's just how I feel.
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Originally Posted by Professor S
No, I think the Federal government dictating budgetary policy of a state is wrong. I'm sorry if you think it's not.
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The Fed isn't dictating this, you can call it that, but once again past decisions led to this. California has been in debt for as long as I can remember. And it was our state government's decision to take the money. If they had their sh** together to begin with we wouldn't have this problem.
And I think only pushing one thing that only accounts for 1% of the funds provided is perfectly reasonable. It'd be unreasonable, if they gave the funds... and then pushed for a lot more to be done, I can't label an exact line on it cause its grey.. but I'd say it depends on how long the state had the money also. 1% this early in is nothing...
If they asked for say, 5% 3 years later, or a return.. then that's when I'd be throwing a fit too.