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Gotta love how they use the exact same argument against Corporations for more greed.
The South Carolina state pension is 20 billion dollars in debt.
The financial system will totally collapse when all the poor nations and states default.
What makes the boot strap argument even more absurd is the fact that most of these corporations were bailed out just 10 years ago. So much for fiscal responsibility.
I feel sorry for them when they piss off all the citizens with guns who will involve a Civil War
What gets me is that if things were get so bad that it all fell apart in the states to the point that it simply wasn't profitable to do business there, these corporations that the GOP falls over itself to lick the boots of would be the first to pack their bags and abandon ship.
Pretty wild segment, even wilder if some people actually agree
this entire video is a strawman. they didn't say you won't get any funding for the pandemic. they said you wouldn't be given funding for problems you had before the pandemic
states that were already having money problems before the pandemic should not be bailed out
Government is not a business, and businesses are not people. If they were, Bitch McTurtle would have given them trillions of dollars already.
Oh Snap, Kyle is getting to the root of understanding monetary sovereignty
Next move, States completely owned by corporations. #ThanksObama
Sounds like you're well read Kyle. Bernie outlines the same idea in his book (Where We Go From Here) about how the debt/deficit increase will be utilized by the Republicans long term to cut Social Security, Medicare and Medicaid. Another enjoyable video =)
Please excuse the lazy grammar and punctuation.
…and to think that "The States" is part of the country's name. Or should it be The United Corporatios of America?
It blows my mind to hear that those recommendations given to the States are pretty much the same as the IMF gives to third world countries to fix their deficit.
Steve "Douchy"
Translation screw blue states as pro lifers say let old covid patients die
Can Cali just cede please, The current USA shares none of my values.
God bless you kyle! A man with some common sense!! All of our politicians are shameful!
some people are saying that would be a good thing to do. this is an old staple of Fox News. who is saying this? you and Mitch.
Don't worry about this, Kentucky and ALL of the Southeast has to be bailed out too. They are ONLY threatening this to use as a bargaining chip to NOT help out the public. The Democrats should CALL HIS BLUFF!!! Because THERE'S NO WAY IN HELL Mitch McConnell is going to let his own state to bankrupt and lose his own seat as a result. If he let Kentucky go bankrupt, Democrats could actually take back Kentucky because ALL of the POLICE, NURSES, and TEACHERS would lose their pensions and the only thing propping Kentucky up at this point IS THE FEDERAL GOVERNMENT!!! Kentucky would look like Vietnam if they lost federal funding. He's already having to deal with a unionized uprising and this would make it explode.
The problem is, THIS is what DEMOCRATS are going to use as an excuse why they couldn't get the progressive measures we're demanding and they'll say we couldn't get you what you wanted but we bailed out our cities and towns. FUCK YOU!!! Get it done!!! I don't care how, if you don't we'll elect someone who will. It's time we started throwing wrenches and even our bodies into the machinery of our system to break the years no matter how we have to do it. Republicans don't want full responsibility for our government any more than Democrats do at this point because then the public would have someone to actually blame. I say let them have their way for a while BUT MAKE CLEAR WHO'S RESPONSIBLE IN GOVERNMENT!!! Then when they fuck it up for the public, AS OF COURSE THEY WILL, then we take things back and take OUR TURN AT RUNNING THINGS!!!
Art, we're Laffering at you, not with you…
Those states that Laffer guy is mentioning are the maker states that the Feds take the most from. And how he shares his name with the bullshit Laffer Curve. I hope the next generation can see straight through the bullshit.
Lets see….which states pay the most into federal funds? Blue states like CA and NY…
If they just stopped paying federal taxes they would be fine. Red states to whom said funds get reallocated to, they will wither and die…
Lets see what they have to say then.
I had the EXACT same thoughts while watching that clip.
Corporate America really owns our politicians. Corporate America funds their campaigns. That's why corporate America gets bailed out every 10years.
OUR FOUNDERS HAVE TOLD US WHAT TO DO.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to ABOLISH it !
Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
boho