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Friday, March 29, 2024

ILLINOIS BAILOUT RAGE

Credit: WEVV
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ILLINOIS BAILOUT RAGE
ILLINOIS BAILOUT RAGE
ILLINOIS BAILOUT RAGE

Again now.

The coronavirus pandemic has caused an economic slump that's left states*begging washington for money.

But some states?

Want to use the funding to address financial shor?falls they had long before the virus became an issue.

The illinois state senate's request?

For $4?billion dollars in federal aid is raising eyebrows.... this?

As nearly a quarter of that money?

Would go towards helping bail out the state's severely underfunded pension system?

A problem that is not new?

And has been getting worse for decades.... "bad decisions in state capitals should not lead to a worse decision in the nation's capital.

The bottom line is simply this.

A lot of states have mismanaged for decades their resources.

And for those states that are on the bubble, we should not come rescue them with other taxpayersmoney from other states."

The national governors association has requested congress give the states at least 50?

Billion dollars?

To help make up for lost tax revenue during the national shutdown.... but senate majority leader mitch mcconnell says?

He'd be in favor of allowing states to declare bankruptcyãrather than sending more federal aid without

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