Quote:
Originally Posted by flacaltenn
Alaska "takes more out of the pot than they put in"??????
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With respect to Federal tax revenues, this is unquestionably true. Alaska is second only to New Mexico in terms of the ratio of Federal Funds Received/Federal Taxes Paid. New Mexico's ration is 2.00 and Alaska's is 1.87.
http://www.taxfoundation.org/files/sr139.pdf
As for Geitner having his hand in the till, he's being forced by an incompetent Congress in general (and a doomsday-threatening Republicans in particular) to do his best to keep the country financially afloat until a settlement on the debt crisis is reached. If he does nothing between now and Aug 2, and as a result, causes T Bills/Bonds yields to increase dramatically, Congressional tactics to reduce the deficit will actually increase it. I'm no fan of Geitner, but he's doing the right thing here.