Nearly 12M Square Feet of Vacant Office Space in S.F

Re:Nearly 12M Square Feet of Vacant Office Space in S.F by nimish on Sunday October 25, 2020 @06:28PM (#24890609)

Nah, the spending power of the federal government, and the tax collection of the federal government are not linked.

So long as the fed can print money the federal government can spend. It cares not about the states or how much income tax flows in. Hence, it can run up structural deficits until faith is lost in the $ (inflation).

State governments, on the other hand, cannot print money. They must operate in a zero-sum mode.

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Re:Nearly 12M Square Feet of Vacant Office Space in S.F by jacobolus on Sunday October 25, 2020 @06:33PM (#24890655)

Yes, the federal government could bail out state and local governments (and indeed that’s some of what the Heroes Act does – passed by the House in May).

But the GOP Senate intransigently refuses to act or even negotiate, and so state/local governments are getting crushed.

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Re:Nearly 12M Square Feet of Vacant Office Space in S.F by nimish on Monday October 26, 2020 @09:00AM (#24895671)

Well good? The federal government has no obligation to bail out the states

That's a political decision and the gop has decided to let the states that need bailouts diy it.

I don't think it's wise, but it sure is within gop policy aims

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