As the Obama administration attempts to push through Congress a nearly $1 trillion deficit spending plan that is weighted heavily toward advancing typically Democratic-supported social welfare programs, a rebellion against the growing dominance of federal control is beginning to spread at the state level.
So far, eight states have introduced resolutions declaring state sovereignty under the Ninth and Tenth Amendment to the Constitution, including Arizona, Hawaii, Montana, Michigan, Missouri, New Hampshire, Oklahoma and Washington.
Analysts expect that in addition, another 20 states may see similar measures introduced this year, including Alaska, Alabama, Arkansas, California, Colorado, Georgia, Idaho, Indiana, Kansas, Nevada, Maine and Pennsylvania.
"What we are trying to do is to get the U.S. Congress out of the state's business," Oklahoma Republican state Sen. Randy Brogdon told WND.
Read more...
Showing posts with label State Finances. Show all posts
Showing posts with label State Finances. Show all posts
Sunday, February 08, 2009
Monday, August 04, 2008
Wall Street to privatize US infrastructure
Cash-strapped U.S. state and city governments are likely to sell or lease more highways, bridges, airports and other assets to investors desperate for stable returns after being frazzled by the credit crisis.
The trend is set to pick up speed given worsening budget deficits in state capitals and city halls nationwide.
It will also be welcomed by Wall Street bankers hoping to help create and market so-called "infrastructure" transactions at a time many debt markets remain paralyzed, and after major U.S. stock indexes fell into bear market territory.
"When you are nervous about everything else, you put your money in a toll road," said John Schmidt, a partner at the law firm Mayer Brown LLP in Chicago. "That's the logic of infrastructure. Returns are stable and predictable. You won't get fabulously rich, but you'll get stable cash flow."
Read more...
THIS IS A TOTAL LIE AND JUST AN EXCUSE TO SELL OF THE INFRASTRUCTURE OF THE US . DO YOU REALLY WANT YOUR AIRPORTS, BRIDGES ETC IN THE HANDS OF FOREIGN AND POSSIBLY ZIONIST COMPANIES?
THE STATE OF TEXAS RELEASED THEIR FINANCIALS AND THEY SHOWED A SURPLUS AND EVERY INDICATION IS THAT OTHER STATE BUDGETS ARE THE SAME SEE THE LINK BELOW
To see the State of Texas Financials....
The trend is set to pick up speed given worsening budget deficits in state capitals and city halls nationwide.
It will also be welcomed by Wall Street bankers hoping to help create and market so-called "infrastructure" transactions at a time many debt markets remain paralyzed, and after major U.S. stock indexes fell into bear market territory.
"When you are nervous about everything else, you put your money in a toll road," said John Schmidt, a partner at the law firm Mayer Brown LLP in Chicago. "That's the logic of infrastructure. Returns are stable and predictable. You won't get fabulously rich, but you'll get stable cash flow."
Read more...
THIS IS A TOTAL LIE AND JUST AN EXCUSE TO SELL OF THE INFRASTRUCTURE OF THE US . DO YOU REALLY WANT YOUR AIRPORTS, BRIDGES ETC IN THE HANDS OF FOREIGN AND POSSIBLY ZIONIST COMPANIES?
THE STATE OF TEXAS RELEASED THEIR FINANCIALS AND THEY SHOWED A SURPLUS AND EVERY INDICATION IS THAT OTHER STATE BUDGETS ARE THE SAME SEE THE LINK BELOW
To see the State of Texas Financials....
Subscribe to:
Posts (Atom)