[SeekAndFind]

Senate Majority Leader Mitch McConnell (R-Ky.) has said some states could declare bankruptcy if they’re facing shortfalls. Current law prohibits states from declaring bankruptcy.

In talks with Democrats, Republicans will push to make sure money sent to states isn’t used to address past problems.

[TBP]

So let them figure it out themselves.

[Buckeye McFrog]

Republicans will push to make sure money sent to states isn’t used to address past problems.

Yeah. Good luck with that.

[JoSixChip]

I got $100 says mitch caves on this, along with mail-in voting. Trump is all that stands between us and them.

[combat_boots]

Somewhere in NYC are an extra mm face masks

https://www.zerohedge.com/health/price-gougers-caught-hoarding-one-million-face-masks-new-york-doj

[coaster123]

Single women should not be managing state business to begin with.

[Leaning Right]

> Senate Majority Leader Mitch McConnell (R-Ky.) has said some states could declare bankruptcy if they’re facing shortfalls. <

How would that work? When an individual declares bankruptcy, his creditors have claim to at least some of his assets.

Would a state’s creditors have that same right? Probably not. Suppliers who are owed money, bond holders, etc. are probably just sh!t outta luck.

[SmokingJoe]

Mismanaged states?
That rules out every single blue state. And some red states too.

[Texas Eagle]

Treasury Secretary: Federal Government Won’t Bail out ‘Mismanaged’ States

B.S. to English translation:

Treasury Secretary: Federal Government Will Bail out ‘Mismanaged’ States

[SMARTY]

They need a bailout because they are so corrupt and incompetent and they would mismanage/misappropriate the bail out too!

[SMARTY]

They need a bailout because they are so corrupt and incompetent and they would mismanage/misappropriate the bail out too!

[zeugma]

Let every state fire 25% of their workforce, and then we’ll talk.

[zeugma]

“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.

[tbw2]

It isn’t fair to make right to work states bail out states that promised what they can’t afford to unions.

[familyop]

McConnell is still on the right track. Let the commie states default.

[eyeamok]

Current law prohibits states from declaring bankruptcy

They should write any legislation to include a provision that if Any State has an Unfunded Pension Liability, they Shall turn over All Assets to Social Security, and enroll the retirees in Social Security

[upchuck]

Some governors have said rules on using the funds already approved are too restrictive and might force them to return some of the money.

In other, truthful words, they'll be returning OUR taxpayer money. Good deal!

[Extremely Extreme Extremist]

What is NJ doing with the tax revenues?

[i_robot73]

>
...In talks with Democrats, Republicans will push to make sure money sent to states isn’t used to address past problems.
>

BWAHAHAhahahhahaha. They’ll bend-over & capitulate, like they ALWAYS do.

Who’s got the betting board w/ the time-span guesstimes??

[i_robot73]

Q1: By WHAT authority (A/S/C)??