Is Obama Trying To Destroy State Sovereignty?

With many states already on the verge of bankruptcy Barack Obama and his administration is now billing the states $1.3 billion in interest.  Did Obama bill Tim Geithner, Tom Daschle, Charlie Rangel, or any of the other tax dodging Democrats interest?

Is Obama’s objective in these horrid economic times to destroy states sovereignty?  Is this one more attempt at a socialist takeover of America?  States default and go bankrupt.  Obama takes them over.

The federal government will charge the states $1.3 billion in interest this fall on the billions they have borrowed from Washington to pay unemployment benefits during this recession.  Obama has done nothing to improve the economy and reduce unemployment, so it’s logical for him to bill the states this fall.

This comes as states are already cutting services, laying off employees and raising taxes. It heralds a larger reckoning that many states will have to face before long: what to do about the $41 billion they have borrowed from the federal government to help them pay benefits to millions of unemployed people, a debt that federal officials say could rise to $80 billion.

States didn’t have large enough reserves to cover the unemployment America has seen in the last two years.  The federal government under Obama has done nothing to alleviate the unemployment problem.  Now states face increasing taxes on businesses which can destroy any economic recovery or default to the federal government.

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