I am okay with State bailouts as long as it is related to the Covid-19 crisis to pay for things like health care workers, police, public health, fire etc. I believe this is typical say for a hurricane or other disaster. I would not be okay if the bailout took into account debts that occurred prior to the Covid-19 issue (e.g., funding a pension fund that was having problems etc.).
The problem is that the only states that are asking for bailouts are the states that have functioned the worst, particularly NY. NY has a huge budget, huge income because they have among the highest taxes in the country...and they’ve squandered it on stupid programs and bureaucracy. Bailing them out means continuing this.
actually can afford to pay their medical employees, etc. although they may have to go into bankruptcy to get rid of their insane municipal pension liabilities. And then the people of the Great State of New York should go and lynch them.
But this isn’t going to happen as long as the US government (you and me, from our taxes) is picking up the pieces of their mismanagement.
So... if the wacko governors keep their states shut down through next year, you’re okay subsidizing their irresponsible behavior? Furthermore, why should taxpayers in Idaho and Wyoming pay for conditions in New York? I will never understand why people believe that the Federal government is an unlimited source of money that just appears from outer space from God.
NYS was over $6 bill in the hole before WuFlu hit.
If you give Albany any money, you’d better plan on it going anywhere but where it was meant.