Hypothetical question. If states secede from the federal government?

How come they will go bankrupt and the federal government not go bankrupt?

FED gets money from the states and states get money from FED.

7 Answers

  • ken
    Lv 6
    8 years ago
    Favorite Answer

    Most states will not go bankrupt. They would just get rid of the middle man with the money.

  • 4 years ago

    No, we are one u . s . and we ought to continually no longer help secession. on the instant that's Iraq and day after today it's going to be yet another difficulty. till now you comprehend it we can now no longer be the u . s . a .

  • 8 years ago

    well the Federal government can print it's own money (actually it's not printing more money it's just changing figures on the books, and that's probably why the government refuses to produce a budget). so they'd have money to use just that the value of the dollar will become useless especially with other countries so we'd be on our own.

    I'd think that states if they go on their own, well a lot of them are hurting already so where would the money come from, and if there is no federal government to save their but then they will surely be hurting.

  • MEL T
    Lv 7
    8 years ago

    States use banks like everyone else. Texas has a rainy day fund. However, secession would devalue the US dollar for everyone. At some point I imagine they'd make their own currency pegged to the dollar, if they survived.

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  • 8 years ago

    Initially, it was mainly southern, red states shouting the secession nonsense. Most of these receive more in federal aid than they pay into federal revenues.

    Put bluntly, states like MA, IL, NJ, etc. subsidize states like MS, AL, SC.

  • 8 years ago

    They can't leave so the question is meaningless.

  • 8 years ago

    It's not hard to shoot holes in any liberals arguments, is it?

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