Amanda Terkel aterkel@huffingtonpost.com | HuffPost Reporting
On "Fox News Sunday," Alaska GOP Senate nominee Joe Miller had trouble explaining how he would help the 43.6 million Americans in poverty. TV host Chris Wallace repeatedly pressed him on this issue.
"What would you do for them?" asked Wallace.
Miller dodged the question and tlaked about reducing the size of the federal government:
I think the question is what is the role of the federal government? Right now we've grown the federal government into such a size we have, I think we have, what -- in absolute terms now, $13.4 trillion in debt. If you look at the future unfunded obligation, a lot of those are the entitlement programs, by some estimates $130 trillion. That is unsustainable. That's just the facts.
And I think Americans recognize that those are the facts. The exciting thing is Americans are looking for answers. Alaskans are looking for answers. Here in Alaska, 40 percent of our economy in Alaska is somewhat derived from the federal government. If we continue say things have to continue the way they are, the expansion from the government which is unconstitutional in many ways is the future, it's a dead-end road. Particularly for this state, because of the impending bankruptcy . . .
First of all most of this debt came from the Bush administration. Second unemployment benefits are one of the best ways to stimulate the economy according to Moody's Economics.
Joe Miler would probably not bat an eye about extending the Bush tax cuts cuts that will give $100,000 tax break to millionaires and billionaires according to Austan Goolsbee, the Chairman of the Council of Economic Advisers in the Obama administration.
Governments cannot really go bankrupt. Governments are sovereign. In the USA States are also sovereign, in a limited sense, under the 11th amendment.
A case in point is the Confederate States of America (CSA) after the Civil War. None of the CSA debt was ever repaid after the war.
Sovereignty has perks, like the ability to default on debts. States do not go bankrupt, since no legal entity can declare a State bankrupt . . . Creditors only recourses are:
sources: http://www.huffingtonpost.com/2010/09/19/joe-miller-alaska-poverty-unemployment-unconstitutional_n_730710.html
http://fabiusmaximus.wordpress.com/2010/04/02/bankrupt/
Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
Netcraft rank: 8665
http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
"What would you do for them?" asked Wallace.
Miller dodged the question and tlaked about reducing the size of the federal government:
I think the question is what is the role of the federal government? Right now we've grown the federal government into such a size we have, I think we have, what -- in absolute terms now, $13.4 trillion in debt. If you look at the future unfunded obligation, a lot of those are the entitlement programs, by some estimates $130 trillion. That is unsustainable. That's just the facts.
And I think Americans recognize that those are the facts. The exciting thing is Americans are looking for answers. Alaskans are looking for answers. Here in Alaska, 40 percent of our economy in Alaska is somewhat derived from the federal government. If we continue say things have to continue the way they are, the expansion from the government which is unconstitutional in many ways is the future, it's a dead-end road. Particularly for this state, because of the impending bankruptcy . . .
First of all most of this debt came from the Bush administration. Second unemployment benefits are one of the best ways to stimulate the economy according to Moody's Economics.
Joe Miler would probably not bat an eye about extending the Bush tax cuts cuts that will give $100,000 tax break to millionaires and billionaires according to Austan Goolsbee, the Chairman of the Council of Economic Advisers in the Obama administration.
Governments cannot really go bankrupt. Governments are sovereign. In the USA States are also sovereign, in a limited sense, under the 11th amendment.
A case in point is the Confederate States of America (CSA) after the Civil War. None of the CSA debt was ever repaid after the war.
Sovereignty has perks, like the ability to default on debts. States do not go bankrupt, since no legal entity can declare a State bankrupt . . . Creditors only recourses are:
- seize assets, usually outside that State
- attempt to obtain relief using the State’s internal processes (e.g., suing a State under its own Constitution or laws)
- get a bigger State to intervene — the US has used the IMF and US Marines to help powerful creditors collect from small nations
sources: http://www.huffingtonpost.com/2010/09/19/joe-miller-alaska-poverty-unemployment-unconstitutional_n_730710.html
http://fabiusmaximus.wordpress.com/2010/04/02/bankrupt/
Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
Netcraft rank: 8665
http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
No comments:
Post a Comment