States Are Hostage to Federal Dollars
Former Blackrock manager Ed Dowd tells Natalie Winters that the U.S. government has subsidized state budgets since the Great Financial Crisis. Right now, most state budgets get 40 percent of their budget from the federal government. States no longer need to compete for private capital in the bond markets but they do have to go to Washington, D.C. to compete for federal dollars. The centralization of power makes corruption more likely in the D.C. Swamp. States have given up their economic and political sovereignty to the federal government.
Tags
war roomPrevious video
National Park Bounces Back After Massive FireNext videoGetting Close to the Financial Doom Loop
National Park Bounces Back After Massive FireNext videoGetting Close to the Financial Doom Loop
CATCH THE AMERICAN SUNRISE SHOW M-F AT 8AM ET.
WATCH THE LATEST EDITION OF WAR ROOM WITH STEVE BANNON
CATCH THE LATEST STEVE GRUBER SHOW
WATCH THE LATEST EDITION OF SECURING AMERICA WITH FRANK GAFFNEY
CATCH THE LATEST AMERICA'S VOICE LIVE SHOW
WATCH RAV'S SPECIAL REPORT M-5 AT 4PM ET.
WATCH THE LATEST COWBOY LOGIC BARN PARTY SHOW
CATCH THE LATEST BREAKING POINT SHOW WITH DAVID ZERE
WATCH RAV'S ELECTION NIGHT 2024 LIVE COVERAGE
WATCH ON RUMBLE
WATCH ON GETTR