Re: POTUS 45.15 - Now With More Yacht Banging Stories!
One problem with the fault of unfunded liabilities is that funding situations change from when they started to when they get to finish. For instance in Detroit- the state decided to slow down it's payments to the cities, because they were having funding problems that can be traced directly to tax cuts that nobody needed. You make plans based on funding plans, and all of a sudden, they are changed for you without consent.
Not to say that Detroit was in the right- nobody wanted to admit that the city shrunk to an amount that had no justification to be funded.
But funded liabilities became unfunded liabilities based on some bad decisions from R's on the other side of the state.
And I will point out that the end result of enough unfunded liabilities was bankruptcy. So, yes, there IS a difference. A major one.
None the less, that does not prevent you from voting differently in local, state, and national elections. They all have different purposes, and different effects on the economy. And IMHO, it's hard to argue that some of the best economic times recently were when Democrats had control.
Is there a difference between debt and unfunded liabilities? I guess you can argue technically there is, but it's all the same in my eyes.
I live in Mass where everything is run by the dems. They have set the state on the path to serious financial issues down the road but it will take a bit of time. I'm not from here and not even registered to vote. I respect local people's right to run the state as they wish, even if I disagree with it.
I think Rover is talking a lot of sense. A lot of the reason that me and likely a lot of people on both sides vote the way they do is because it's in their blood.
One problem with the fault of unfunded liabilities is that funding situations change from when they started to when they get to finish. For instance in Detroit- the state decided to slow down it's payments to the cities, because they were having funding problems that can be traced directly to tax cuts that nobody needed. You make plans based on funding plans, and all of a sudden, they are changed for you without consent.
Not to say that Detroit was in the right- nobody wanted to admit that the city shrunk to an amount that had no justification to be funded.
But funded liabilities became unfunded liabilities based on some bad decisions from R's on the other side of the state.
And I will point out that the end result of enough unfunded liabilities was bankruptcy. So, yes, there IS a difference. A major one.
None the less, that does not prevent you from voting differently in local, state, and national elections. They all have different purposes, and different effects on the economy. And IMHO, it's hard to argue that some of the best economic times recently were when Democrats had control.