That did not take long. Yesterday, Mitch McConnell floated the idea that instead of the FedGov bailing out states, they should be required to declare bankruptcy and work out their financial problems on their own. Learn to make a budget and stick to it. Today, Governor Cuomo was squealing like a stuck pig. From Breitbart:
Andrew Cuomo Furious with ‘Grim Reaper’ Mitch McConnell for Suggesting New York Go Bankrupt
New York Gov. Andrew Cuomo fired back at Senate Majority Leader Mitch McConnell during his press briefing on Thursday, angry that he suggested states such as New York declare bankruptcy in the wake of the coronavirus crisis.
Cuomo criticized McConnell as the “self-proclaimed grim reaper” for suggesting that Democrat states declare bankruptcy rather than get bailout funds from Congress.
The New York governor criticized McConnell’s “vicious” description of funds for the states as “blue state bailouts.”
And what sorts of numbers are we looking at?
Cuomo was already facing a $6 billion deficit in New York and faces an even greater hole in his budget as a result of the coronavirus crisis.
McConnell said Wednesday that Republicans were not interested in bailing out states like New York that were already overwhelmed with debt.
“You raised yourself the important issue of what states have done, many of them have done to themselves with their pension programs,” McConnell explained in an interview with 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.”
Every person in the United States has to manage their own money, make a budget and stick to it. Every business? The same. If people fail - either through mismanagement or through shit happening, the way to recovery is bankruptcy. Go back to square one, pay off your creditors and publish a plan to get out of debt. No reason the states should not be held to the same standards.
New York? Manage your own money. Do not come after mine.
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