Greve on the state debt trap in three parts

In case you missed it, here are Michael Greve’s 3 provocative posts that outline the ruinous nature of our “cooperative federalism.” In rich detail, Greve argues that our transfer payment system from the federal governments to the states has fostered the $4.5 trillion in unfunded pension obligations of the states. Also, Obamacare doubles down on this system by implicitly bailing out states in allowing them to shift their state employee healthcare costs on to Medicaid and get reimbursed for doing it. Finally, the 3rd post looks to Argentinian federalism as a possible and depressing future course for our federalism.

Have a nice day!

Richard Reinsch

Richard Reinsch is a fellow at Liberty Fund and the editor of the Library of Law and Liberty.

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Comments

  1. says

    There is a large part of the population who no eolgnr consider our government to be legitimate. There is no founding principal or codicil of the Constitution that allows Congress to do what they are now trying to do.The trolls who come here need to know that they are our enemies because they are enemies of freedom and liberty and ultimately, of the Republic. They will never be seen as Americans in our eyes and they will be spurned and held in contempt for as long as the abomination of a bill they support exists. The country is closer to being torn apart than at any time since the Civil War and they think it is business as usual. It is not.They can pass their law. It remains to be seen if they can enforce it.

Trackbacks

  1. […] To begin with, in this case — as indeed in most cases of this sort — the threat of a federal funds cutoff is being deployed with the aim of raising government outlays, not lowering them. HUD is pressing the county to commit to extremely costly plans for subsidized housing, at a price tag estimated to run between $730 million and $1 billion. For more on how the modern arrangements sometimes called “cooperative federalism” operate to push all the participating levels of government into expanding their level of activity, rather than employing the ambition of one level to check another, see Michael Greve’s recent work. […]

  2. […] To begin with, in this case — as indeed in most cases of this sort — the threat of a federal funds cutoff is being deployed with the aim of raising government outlays, not lowering them. HUD is pressing the county to commit to extremely costly plans for subsidized housing, at a price tag estimated to run between $730 million and $1 billion. For more on how the modern arrangements sometimes called “cooperative federalism” operate to push all the participating levels of government into expanding their level of activity, rather than employing the ambition of one level to check another, see Michael Greve’s recent work. […]

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