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An Open Letter to Congress: *LOAN* the States the money

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   I certainly hope you all had a wonderful Fourth of July recess, and enjoyed the long summer holiday with your family, friends, and wealthy campaign contributors.

    If I might, though, I'd like to raise something else.  You see, while you were enjoying the financial perquisites of power last week, a couple of other things happened:  first, the long-term unemployed ran out of benefits.  I'm not sure what you expect them and their children to do.  Maybe roll up under a bridge somewhere out of sight and die?   I'm not sure.

The second thing is, most states started a new fiscal year. And since the states, unlike you, have balanced budget requirements, and so can't just decide to print money, and many have gotten to the point where they just can't issue new bonds that will be soaked up by willing foreign backers, that means they have to cut.  Severely.  I gather you don't want to give them any more relief because of concerns about the National Debt.

If that's what you're bound and determined to do, I have a  proposal for you:  ***LOAN*** them the money.


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