Posted on 04/26/2020 4:32:54 AM PDT by Sir Napsalot
MARTHA MACCALLUM, FOX NEWS: ... McConnell says after four huge bailouts and stimulus he doesn't want taxpayer money to go to states that were deep in debt before the virus arrived. ... One of McConnell's chief critics who called him the Marie Antoinette of the Senate joins me now. Republican Congressman Peter King of New York, a member of the financial services committee....That's the argument that ---- so much money is going out the door and some companies, as well as some states are going to look at this and as an opportunity to... fill their coffers to make up for past misdeeds and budgets that don't work.
KING: No, that's a total lie being spread by Mitch McConnell, no one is looking for any money other than that we've lost directly because of the coronavirus. We're talking about paying the cops, the firefighters, the doctors, all of the lost revenue also because of coronavirus.
This has nothing to do with pensions. Nothing to do with state spending. Listen, I'm not a big fan of Governor Cuomo as far as his policies of governor, but I think he's doing a very good job as far as the coronavirus is concerned.
And none of the money we're talking about, none of the funding would be in any way tied to state policies...
(snip)
So, Mitch McConnell when he says that we should go bankrupt, you know, one of the reasons that New York has problems otherwise it's because we subsidize Kentucky. We get many, many billions less back from the federal treasury than we pay in, while Mitch McConnell in Kentucky they walk over billions more than they're entitled themselves. So, if he wants to pointing their finger, you look in the mirror.
(Excerpt) Read more at realclearpolitics.com ...
I for one KNOW Gov. Murphy of NJ complained about the slow release of promised fed aid (ear-marked) for coronavirus pandemic, for which he wanted to use it to pay first responders (doctors and nurses, cops, firefighters) and teachers and ...(all sorts of other things).
McConnell's point is that for those poorly managed states held by generations of totally Dem control, well before coronavirus pandemic arrived, now is the perfect time for them to restructure their financial woes just like businesses going through bankruptcy.
McConnell is right. Let the Dem states lie in the bed they made.
King isn’t running again.....forget what he says.
Agreed. And it is actually the billionaires and megamillionaires in NYC who pay large amounts of tax and are subsidizing “the little guy”—whether in Alabama or NYC.
So we institute universal bailouts instead of bankruptcy for all billionaires and megamillionaires?
The proper response is not “Let them declare bankruptcy”.
NY was 7 billion in debt before all of this started, and THAT nut should not be bailed out. If NY is now 16 billion in the hole, then give them 9 billion to cover the difference. Giving NY the whole 16 billion is a non-starter to me, and I live in NY State.
Give NY a bunch of money and they’ll find a way to spend it on exactly what they shouldn’t.
[We get many, many billions less back from the federal treasury than we pay in]
The basic lie in this story is that New York sends more money to the Federal Government than they get back.
That is a lie. New York sends very little to the Federal government, mostly in the form of gasoline taxes.
But People that live in New York, or entities that are incorporated in New York, send lots of taxes to the Federal government.
It is *not* the same thing. To believe so, you must accept the premise that all the money made by people and corporate entities in New York belong to New York State.
New York State then allows those entites to send money to the federal government, and to keep some of what they have left.
A New York resident who pays into Social Security all their working life, and then retires to Florida, gets more back from the Federal government in Social Security benefits than they paid in; but New York State does not. It never paid the Social Security taxes, for the most part. New YorK State only paid part of them for employees of New York State.
It wouldn’t be paying more if companies paid Federal taxes based on where earnings were generated instead of where their headquarters are located.
but I think he’s doing a very good job as far as the coronavirus is concerned.
3500 and rising seniors in nursing homes dead because the gov you like and is doing a good job ordered them to accept CCP virus patients literally giving them a death sentence, banning medication until you get to the hospital to die. This guy is a cretan like the rest. Those families who had mother father and grandparents die in nursing homes should band together get a lawyer and go after the murdering govenor
Mustn't this be true of the average State? Money is spent abroad and in Washington, DC.
Stop whining.
ML/NJ
Peter King can kiss my bonnie white ass.
No way gonna pay
for abortions
for “gender reassignments”
for illegal immigrants
Of course NY pays more than it gets back. EVERY taxpayer pays more than he gets back. Washington DC is simply a pig sty of pork and most of the $ stays there.
There is no way hard working US taxpayers should pay for states to continue to give quarter million dollar and more annual pensions to union retirees.
Give them as much as government has given my shut down small business.
0.00..
Reap what you have sown mean anything in regards to NY or NYC, RINO King?
when ny and nyc stops spending money on illegals we can talk.
I want to fair because Texas received a bailout when it joined the Union in 1848. In exchange, Texas gave up all the land to the north and west of it’s present panhandle.
I think NY could receive a bailout if they cede all the territory upstate. That territory could then be used to form a new state, and that new state could elect its own Senators and Representatives to the US Congress. We know those areas are staunchly red.
Would NY accept those terms?
They will spend more than given every time. We already bailed these idiots out once....never again!!!!
Exactly right.
Cuomo managed the pandemic very poorly.
1.Wasted the money on Green Deals & boondoggles instead of buying ventilators when the preparedness assessments said NY needed to stock up years ago. Made a triage plan instead.
2.Put off responses until the infection was advanced in his State & then asked and received help from the Feds. Alternately thanked the Feds & excoriated them for their exemplary response.
3.No coordination in the state with warehouses & hospitals, no idea what was actually required, acted out of panic not decisive.
4.Put elderly NYers in nursing homes & rehab centers at terrible risk by placing COVID patients in those closed communities when the Javitz Center, hospital ship field hospitals were available.
5.Did not protect first responders.
6.Cuomo & DeBlasio had no plan for how to handle a biological emergency in regard to mass transit. Due to neglect & refusal to enforce cleanliness regulations of mass transit as well as the sardine can nature of public transit the system was set up for COVID transmission. The failure to shut it down as an early way of reducing spread was an unforced error. The bridge & tunnel crowd brought COVID home to NJ. If they had closed mass transit when they had their 1st cases for two weeks and spent the time cleaning & disinfecting, investigated UV disinfectant lights for the stations & trains they could have stopped a vector & reopened safely. Curtailing the number of cars in service as ridership went down continued to force propinquity.
7. They should have assessing what supplies they needed for the hospitals, pushed work from home & facilitated business solution much sooner. Many fewer would have died. Instead they postured & dithered.
8. But Cuomo loves a good press conference; it gives him something to do.
Absolutely.
We need to go back to Government workers salaries matching average private industry level wages in the same zip code. Any higher wage or an elevated job description to get around wage parity should be illegal and ground for dismissal of the bureaucrat who authorizes an exception. This could be done as a decrease in salary level by 5-8% a year until they reach parity.
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