Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 decade ago

Why do we need federal economic stimuls bill? Cannot the 50 states stimulate their economies by individual?

stimulus bills at state level?

Let them pass their own stimuli and we will see which states will succeed and which will fail. It would be certainly fun to watch how California would pass $100 billion of pork waste and welfare and call it stimulus and fail to raise a single penny to finance it.

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  • 1 decade ago
    Favorite Answer

    No, since most state constitutions prohibit deficit spending. Federal credit ratings are better than states, which means that bonds issued by the Fed are cheaper to service than if it were done by states, which saves somewhere between 0.5-2.0% in interest.

    Good idea, but that isn't the answer.

  • 1 decade ago

    The Non-Partisan Congressional Budget Office has Already stated this Stimulus will cause More Harm then Good!

    http://news.aol.com/political-machine/20...

  • 1 decade ago

    Surely Alaska does not need it, but a federal ec. bill will control all states. It's nationalization time, baby! If you pay attention to what's actually in the porkulus bill, most of it has nothing to do with stimulating the economy, and in fact it might hurt more. It's about control, a very socialistic agenda, darling.

  • Anonymous
    1 decade ago

    The states don't have nearly as much borrowing power as the federal govt. Most states have constitutions that require a balanced budget! The federal govt, though, prints money, and it can always print a little more.

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  • 1 decade ago

    My state seems to think raising your property taxes in a time of economic crisis is a stimulus....

  • whimsy
    Lv 6
    1 decade ago

    No, they can't.. Most state governments are highly corrupt/incompetent and it gets even worse as you move towards local governments

  • 1 decade ago

    this is defecit spending. We have to stop it. call 6 Officials per week. Tell them what you think. tell them to IMPEACH him now. Reed~<><

  • 1 decade ago

    They don't have a Treasury or Reserve bank.

  • Anonymous
    1 decade ago

    States are BROKE.

  • Anonymous
    1 decade ago

    we don't, obama is simply paying off ACORN and his other cronies.

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