Posted on 04/29/2020 11:42:58 AM PDT by SeekAndFind
The federal funds being sent to states to help deal with the COVID-19 pandemic shouldnt be used on matters unrelated to the pandemic, Treasury Secretary Steven Mnuchin said.
COVID-19 is a disease caused by the CCP (Chinese Communist Party) virus, a novel coronavirus from China.
The $150 billion approved by Congress in legislation signed by President Donald Trump is being sent to states to cover CCP virus-related expenses, Mnuchin said during an interview on CNBCs Squawk Box.
Weve been clear that to the extent people have to use police to enforce coronavirus issues, public safety, things like that, that they could allocate that money to the coronavirus issues, but that this was not about lost revenues and thats the way the bill was written, he said.
This isnt just going to be a federal bailout of the states, he added later. This shouldnt be a bailout of states that were mismanaged because of the coronavirus.
Mnuchin has spoken with many governors, including New Jersey Gov. Phil Murphy, about funding.
Facing financial shortages, some governors have pressed for additional funds from the federal government, including New York Gov. Andrew Cuomo and Murphy.
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 National Governors Association, headed by Maryland Gov. Larry Hogan, has asked for $500 billion to replace revenue lost from shuttered businesses and millions of unemployed workers.
Some governors have said rules on using the funds already approved are too restrictive and might force them to return some of the money.
Top congressional Democrats have said they support additional federal funding to states, warning of massive layoffs if the money isnt approved.
(Excerpt) Read more at theepochtimes.com ...
In talks with Democrats, Republicans will push to make sure money sent to states isnt used to address past problems.
So let them figure it out themselves.
I got $100 says mitch caves on this, along with mail-in voting. Trump is all that stands between us and them.
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
Single women should not be managing state business to begin with.
> 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.
Mismanaged states?
That rules out every single blue state. And some red states too.
B.S. to English translation:
Treasury Secretary: Federal Government Will Bail out Mismanaged States
They need a bailout because they are so corrupt and incompetent and they would mismanage/misappropriate the bail out too!
They need a bailout because they are so corrupt and incompetent and they would mismanage/misappropriate the bail out too!
They should raise taxes. Stop the bloated pensions and too many employees. Cut spending....a novel idea.
Let every state fire 25% of their workforce, and then we’ll talk.
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.
The folks in 1776 never visualized people like these. I ,as an immigrant from 1956, am also flabbergasted. Incomprehensible !!
They should name the states and be up front about it. No one from Texas should bail out NY.
It isn’t fair to make right to work states bail out states that promised what they can’t afford to unions.
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”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.