Howard Rich's Blog

May 13, 2009

The United Fiefdoms of America

Lost in last week’s barrage of Barack Obama “spending reform” coverage was a USA Today story that should send chills down the spine of any state official – or taxpaying citizen, for that matter.

For the first time ever, federal aid – not property, sales or income tax – is the top revenue source for state budgets, the paper reported.

And not surprisingly, you could probably knit your way from Hyannis Port to Honolulu with all the “strings attached” by federal bureaucrats.

Like the automotive industry, banking business or mortgage market, an unprecedented level of state governmental policy is now controlled out of Washington…

The United Fiefdoms of America

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