Senate majority leader Mitch McConnell is taking tons of flak, even from members of his own party, for telling free-spending blue city and state governments, which were already reeling under massive unfunded pension liabilities, that they weren’t going to get bailouts under the pretext of coronavirus stimulus. Here’s the flavor:
Here’s the news item from the New York Times:
WASHINGTON — Senator Mitch McConnell took a hard line on Wednesday against giving cash-short states more federal aid in future emergency pandemic relief legislation, saying that those suffering steep shortfalls amid the coronavirus crisis should instead consider bankruptcy.
“I think this whole business of additional assistance for state and local governments needs to be thoroughly evaluated,” Mr. McConnell, Republican of Kentucky and the majority leader, said in an interview with the conservative radio host Hugh Hewitt. “There’s not going to be any desire on the Republican side to bail out state pensions by borrowing money from future generations.”
Here’s McConnell’s actual quote from his website:
I said yesterday we’re going to push the pause button here, because I think this whole business of additional assistance for state and local governments needs to be thoroughly evaluated. […]
Read the full story from American Thinker
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