A Tale of
Costal Is Not West and South is Not East
Wealthy West Germans found the high cost of unification with the poorer East a difficult sacrifice. Then slow economic growth meant more voter sacrifices were needed to implement economic structural reforms required to increase economic growth. Then German and other bankers knowingly allowed Southern Europeans politicians to game the world's financial system and borrow excessively. When Greece, Italy, Spain and Portugal could not pay bankers politicians again asked Germans to again sacrifice. More recently Spain's Catalan citizens demonstrated for independence in hopes of avoiding taxes to help their poor Southern provinces.
Meanwhile US wealthy coastal states have continued their efforts to help rural states by agreeing to pay most Obamacare costs. They also wanted to to increased Medicaid benefits and to increase many other safety net programs.
"Huston we have a problem". U.S. rural mostly southern states do not want help. The feel government interferes too much into their lives, federal programs too expensive and payments go to undeserving people. Yet they lobby for lower taxes meaning less money to Washington.
2010 Census and IRS data reveals that $1.29 in federal spending for every federal tax dollar received. Some states receive more federal spending than they pay and other states get less federal spending than they pay. Costal states sending more tax dollars to Washington voted for Obama. Southern rural states were most likely on the receiving end and they voted Republican No wonder Southerners are so hospitable!
In 2012 the Centers for Disease Control and Prevention reported that at least 30 percent of US adults were obese in these 13 states: Alabama, Arkansas, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Ohio, Oklahoma, South Carolina, Tennessee and West Virginia. These are states that votes against fixing anything their Founding Fathers created 350 years ago. You know, the Founding Fathers who felt only white landowner (the wealth) males should vote. They used anti rural tariffs as their preferred source of government revenue and created separation of church and state to protect government from religion.
One-hundred quantitative economist were asked to go into room one if they were Keynesian and room two if they were Monetarists. About fifty went into each room. Asked to analyze the same data set, the Keynesian said "see I told you government spending works" and the Monetarist said "see I told you government spending doesn't work." I think the data had to do with QE2, or was it education, or health care, or was it...Western Economists scoffed as Soviet conomists/mathematicians as they used complex mathematic econometric models to mimic the efficiency of market based capitalism. Soviets mathematicians were successful until they failed. These same Western economists/mathematicians eventually developed complex mathematical financial models and sophisticated financial instruments to guarantee their users would make money on Wall Street. Alan Greenspan assured everyone that financial regulation was not needed, as Wall Street banker self-interest would properly manage the competitive marketplace. These models and the lack or regulation worked well until they did not work well.
In the late- 1990s Western economists declared the current long-term economic moderation meant very small future recessions and the end of the business cycle. Recessions were small until they were big.
Now Ben Bernanke who
failed to forecast the Great Recession tells use unwinding recent excess
reserve called QE will not lead to inflation. He' will soon be looking
for work, maybe Trump will introduce him to his Soviet friends.
Chicken Poop Nation
American safty is increased with requires car seat belts. A fine is paid for not using seatbelts and not keeping children safe with expensive car seats.
To stay safe Americans have give-up personal freedoms and have spent $649,000,000,000 to feel safe in relation to terrorism.
or Not Chicken Poop Nation,
Gun related suicides, accidents and homicides have killed 364,000 people since 9/11/02.
War deaths since 1775 have killed 1.17 million which is less than theb1.38 million killed by guns.
That is the Question