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Treasury Secretary: Federal Government Won’t Bail out ‘Mismanaged’ States
Epoch Times ^
| 04/29/2020
| Zachary Steiber
Posted on 04/29/2020 11:42:58 AM PDT by SeekAndFind
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Senate Majority Leader Mitch McConnell (R-Ky.) has said some states could declare bankruptcy if theyre facing shortfalls. Current law prohibits states from declaring bankruptcy.
In talks with Democrats, Republicans will push to make sure money sent to states isnt used to address past problems.
To: SeekAndFind
So let them figure it out themselves.
2
posted on
04/29/2020 11:44:55 AM PDT
by
TBP
(Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
To: SeekAndFind
Republicans will push to make sure money sent to states isnt used to address past problems.
Yeah. Good luck with that.
3
posted on
04/29/2020 11:44:56 AM PDT
by
Buckeye McFrog
(Patrick Henry would have been an anti-vaxxer)
To: SeekAndFind
I got $100 says mitch caves on this, along with mail-in voting. Trump is all that stands between us and them.
4
posted on
04/29/2020 11:46:01 AM PDT
by
JoSixChip
(I blame the teacher's unions)
To: SeekAndFind
5
posted on
04/29/2020 11:48:42 AM PDT
by
combat_boots
(God bless Israel and all who protect and defend her. Merry Christmas! In God We Trust!)
To: SeekAndFind
Single women should not be managing state business to begin with.
6
posted on
04/29/2020 11:48:46 AM PDT
by
coaster123
(XLV-MMXX)
To: SeekAndFind
> Senate Majority Leader Mitch McConnell (R-Ky.) has said some states could declare bankruptcy if theyre facing shortfalls. <
How would that work? When an individual declares bankruptcy, his creditors have claim to at least some of his assets.
Would a states creditors have that same right? Probably not. Suppliers who are owed money, bond holders, etc. are probably just sh!t outta luck.
7
posted on
04/29/2020 11:50:12 AM PDT
by
Leaning Right
(I have already previewed or do not wish to preview this composition.)
To: SeekAndFind
Mismanaged states?
That rules out every single blue state. And some red states too.
To: SeekAndFind
Treasury Secretary: Federal Government Wont Bail out Mismanaged StatesB.S. to English translation:
Treasury Secretary: Federal Government Will Bail out Mismanaged States
9
posted on
04/29/2020 11:50:57 AM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberaln would have no standards at all -- Texas Eagle)
To: JoSixChip; SeekAndFind; Buckeye McFrog
10
posted on
04/29/2020 11:51:18 AM PDT
by
4Liberty
(A seasonal respiratory infection is being used - to demolish the U.S. financial system...)
To: SeekAndFind
They need a bailout because they are so corrupt and incompetent and they would mismanage/misappropriate the bail out too!
11
posted on
04/29/2020 11:55:10 AM PDT
by
SMARTY
("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
To: SeekAndFind
They need a bailout because they are so corrupt and incompetent and they would mismanage/misappropriate the bail out too!
12
posted on
04/29/2020 11:55:10 AM PDT
by
SMARTY
("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
To: coaster123
I can't believe you just said that 🙈
13
posted on
04/29/2020 11:59:36 AM PDT
by
hawkaw
To: SMARTY
They should raise taxes. Stop the bloated pensions and too many employees. Cut spending....a novel idea.
To: SeekAndFind
Let every state fire 25% of their workforce, and then we’ll talk.
15
posted on
04/29/2020 12:18:24 PM PDT
by
zeugma
(Stop deluding yourself that America is still a free country.)
“Our costs are going up serving folks who have lost their jobs, small businesses that have been crushed, folks who are in the healthcare system etc.,” Murphy said on the same show this week. The states did this to themselves. Screw them. I suspect the usual suspects in Texas are going to drag out proposals for an income tax again. This should be resisted by any means necessary. I'm quite sure Texas is going to have some difficulties since it pretty much destroyed its sales tax revenue with this insane power grab. I'd suggest disbanding a few state agencies. Start with the TABC, and work your way down from there.
16
posted on
04/29/2020 12:22:20 PM PDT
by
zeugma
(Stop deluding yourself that America is still a free country.)
To: 4Liberty
The folks in 1776 never visualized people like these. I ,as an immigrant from 1956, am also flabbergasted. Incomprehensible !!
17
posted on
04/29/2020 12:27:57 PM PDT
by
353FMG
To: zeugma
They should name the states and be up front about it. No one from Texas should bail out NY.
18
posted on
04/29/2020 12:28:19 PM PDT
by
DIRTYSECRET
(urope. Why do they put up with this.)
To: SeekAndFind
It isn’t fair to make right to work states bail out states that promised what they can’t afford to unions.
19
posted on
04/29/2020 12:35:33 PM PDT
by
tbw2
To: 353FMG
Our constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”
President John Adams
I think these buffoons fit the description of “any other”
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