Originally Posted by handle
I thought you of all people were for states rights.
I think we have the votes at the state level for a balanced budget amendment. 2/3rds of the state have to ratify. Not 2/3rds of the population of the country. CA has one vote. Iowa and Alabama each have 1 vote.
I am seeing this deficit spending thing as a rich state vs marginal state kind of thing. NY, CA, IL have huge tax bases, a lot of international and internet based businesses. They get all the banking industry money. They can maybe handle the high debt load for more years to come. The working class and rural states like Mich and Wisconsin make their money in small chunks. They cannot handle their share of the debt of the feds as well as the wealthy states can.