Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 1Old Pro

Many things will be decided on November3rd. And among those is the issue of bailing out the states.

If Biden wins, a multi trillion dollar bailout for Democrat states will be passed.

And these bailouts will not be restrited to reimbursement to states of defined virus related expenses. It will be a slush fund sort of bailout.

Geez Louise, I dont know details of the NY budget, but would bet that 500 billion exceeds the entire annual budget. Which begs the questions as to what does Cuomo need half a trillion dollars for. What the heck is Cuomo going to do with 500 billion????


11 posted on 08/31/2020 11:47:22 AM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Dilbert San Diego
Geez Louise, I dont know details of the NY budget, but would bet that 500 billion exceeds the entire annual budget. Which begs the questions as to what does Cuomo need half a trillion dollars for. What the heck is Cuomo going to do with 500 billion????

He taxes borrow and spends and racked up quite the debt.

17 posted on 08/31/2020 11:49:38 AM PDT by 1Old Pro (#openupstateny)
[ Post Reply | Private Reply | To 11 | View Replies ]

To: Dilbert San Diego

If the feds bail out any of the states then why should any state show any kind of fiscal restraint?


25 posted on 08/31/2020 11:59:09 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
[ Post Reply | Private Reply | To 11 | View Replies ]

To: Dilbert San Diego
Geez Louise, I dont know details of the NY budget, but would bet that 500 billion exceeds the entire annual budget.

It's roughly three times the already bloated annual budget of the state. This is a shake-down attempt, pure and simple.
29 posted on 08/31/2020 12:12:51 PM PDT by Antoninus (The press has lost the ability to persuade. They retain the ability to foment a panic.)
[ Post Reply | Private Reply | To 11 | View Replies ]

To: Dilbert San Diego

“What the heck is Cuomo going to do with 500 billion????”

Pensions.

L


41 posted on 09/01/2020 4:15:56 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson