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RE: They're not choir boys...
By OUits on 4/20/2010 1:38:34 PM , Rating: 2
I think its more about state governments having to play by different rules than the federal government, not necessarily "unfunded mandates".

For example, states have to balance their budgets.

The federal government can invent money to spend.

RE: They're not choir boys...
By gamerk2 on 4/20/10, Rating: 0
RE: They're not choir boys...
By soloman02 on 4/20/2010 4:29:07 PM , Rating: 2
So its a good thing that the feds can "invent money?" Germany tried that in the 1920's. People had wheel barrels full of money to buy basic items. Being able to "invent" more money IS the problem.

From 1800 until 1902 we experienced an overall trend of deflation. From 1903 until present day we have only experienced inflation. What cost $1 in 1902 now would cost about $25. The reason the penny, the nickel, and the dime, and the quarter were invented was because they actually could be used to buy stuff. Now the penny, nickel and dime are basically useless.

