Should the federal gov't bailout the states that are basically bankrupt?

[Staidhup]

Nope they elected the clowns entrusted to assure financial stability. Let them rot and suffer the consequences, mommy and daddy are broke.

 

[rightwinger]

The Federal government should no bailout mismanaged states-----they should send in prosecutors to file criminal charges against those charged with managing the states monies and who are mismanaging

That is the key
It is the Federal Government carrying $30 trillion in debt. They mismanage, they just borrow more money.

The States are not allowed to carry a debt. They are the ones with a balanced budget. This is a unique circumstance. The states are in debt through no fault of their own.

We have no trouble bailing out other countries but tell states to go fuk themselves

 

[TNHarley]

No.
I remember reading about a time when congress would say no to going against the constitution. Of course, that was 200 years ago.. Sad.

 

[TNHarley]

The states are in debt through no fault of their own.

You have got to be shitting me.

 

[initforme]

Any money we send to other nations, any, should be stopped and given to american people This includes Israel as well.

 

[initforme]

Considering how low and far behind wages are in comparison to the cost of being alive why not help struggling people? We live in a country where $20 per hour doesn't do much of anything. Hard to survive on that pittance.

 

[rightwinger]

The states are in debt through no fault of their own.

You have got to be shitting me.

Trump is not responsible for the economic impact of COVID, but the states are?

With state residents out of work and business shut down, where is state tax revenue supposed to come from?

 

[TNHarley]

The states are in debt through no fault of their own.

You have got to be shitting me.

Trump is not responsible for the economic impact of COVID, but the states are?

With state residents out of work and business shut down, where is state tax revenue supposed to come from?

Yeah those states with huge debt didnt have any before all this. Like cali and NY. Debt before was a figment of our imagination.
And the states shut everything down. Do you think they though more debt wouldnt happen?

 

[rightwinger]

The states are in debt through no fault of their own.

You have got to be shitting me.

Trump is not responsible for the economic impact of COVID, but the states are?

With state residents out of work and business shut down, where is state tax revenue supposed to come from?

Yeah those states with huge debt didnt have any before all this. Like cali and NY. Debt before was a figment of our imagination.
And the states shut everything down. Do you think they though more debt wouldnt happen?

States are not allowed to deficit spend, that would be the Federal Government who can just print money

 

[TNHarley]

The states are in debt through no fault of their own.

You have got to be shitting me.

Trump is not responsible for the economic impact of COVID, but the states are?

With state residents out of work and business shut down, where is state tax revenue supposed to come from?

Yeah those states with huge debt didnt have any before all this. Like cali and NY. Debt before was a figment of our imagination.
And the states shut everything down. Do you think they though more debt wouldnt happen?

States are not allowed to deficit spend, that would be the Federal Government who can just print money

States get debt in other ways. How else would NY have a 7k debt per capita? And that was years ago. No telling what it was before this shit.
You cant get around it. Your "its not their fault" post was horseshit.

 

[rightwinger]

The states are in debt through no fault of their own.

You have got to be shitting me.

Trump is not responsible for the economic impact of COVID, but the states are?

With state residents out of work and business shut down, where is state tax revenue supposed to come from?

Yeah those states with huge debt didnt have any before all this. Like cali and NY. Debt before was a figment of our imagination.
And the states shut everything down. Do you think they though more debt wouldnt happen?

States are not allowed to deficit spend, that would be the Federal Government who can just print money

States get debt in other ways. How else would NY have a 7k debt per capita? And that was years ago. No telling what it was before this shit.
You cant get around it. Your "its not their fault" post was horseshit.

So you are saying it is that states fault for their debt but not Trumps fault for $8 trillion debt

 

[blastoff]

No.

Let the citizens of those states march the incompetent governments THEY VOTED FOR NUMEROUS TIMES into the streets, bury them in rotten fruit and vegetables, tar-and-feather them or even Mussolini them for their crimes if justified.

Only then should the federal government consider lending them a hand with Americans' tax dollars, under federal supervision.

Know Chicago very well but I’m stuck thus far picking the exact right site for the Mussolini Reenctments. Soldier Field would be a natural but hate to taint the place with the stench of rotting dimocrat pols. The Bears do a good enough job stinking the place up now and then anyway but the lake breezes can handle theirs.

 

[TNHarley]

The states are in debt through no fault of their own.

You have got to be shitting me.

Trump is not responsible for the economic impact of COVID, but the states are?

With state residents out of work and business shut down, where is state tax revenue supposed to come from?

Yeah those states with huge debt didnt have any before all this. Like cali and NY. Debt before was a figment of our imagination.
And the states shut everything down. Do you think they though more debt wouldnt happen?

States are not allowed to deficit spend, that would be the Federal Government who can just print money

States get debt in other ways. How else would NY have a 7k debt per capita? And that was years ago. No telling what it was before this shit.
You cant get around it. Your "its not their fault" post was horseshit.

So you are saying it is that states fault for their debt but not Trumps fault for $8 trillion debt

Ummm no. Where did you come up with that? The president is responsible for legislation he signs.
Losing the argument so you just make shit up? Lol

 

[kaz]

Sure why not they give money away to nations around the globe to help them out.

The idea of not spending the money just isn't part of your world, is it?

 

[kaz]

The latest COVID Relief Bill is stalled in Congress , and one big reason why is that the democrats what to include approx $915 billion in aid to the states, but the republicans only want to give approx $150 billion, and so far neither side is budging. Meanwhile the people and families that really need the help aren't getting it, but that ain't the focus of this tread. Essentially the issue in this thread is in the thread title: should the federal gov't bailout the states?

The essentials of the concept of federalism as practiced in this country is that the federal gov't is supposed to tend to it's own business, which are those functions listed in the Constitution. Supposedly the functions that should be performed at the national level that the states, counties, and cities aren't really equipped for, such as foreign affairs, national defense, etc. Basically if a function doesn't need to be handled at the federal level then it should fall on the individual states to do what they need to do and tailor it to their specific requirements. The federal gov't is not supposed to tell them what to do, but the states have the authority to tax their residents as they see fit to pay for whatever need to be done.

Great - except for one problem: what if the states just can't pay for what needs to be done? What if the states are mismanaged or they overspend? Should the federal gov't bail them out of their fiscal hole? If they do, then would the states change their proligate ways? And then be back in a few years asking for more bailouts?

What if a problem like the Coronavirus comes along and acerbates the existing fiscal problem? Does that change the calculus?

Consider this: as of now, I believe states do not have the option to declare bankruptcy, congress would have to pass a law to allow that. That doesn't make a lot of sense to me, but whatev. Te status quo with respect to the bankrupt or early bankrupt states is unsustainable; I don't see any alternative to forcing them to deal with their own problems, but possibly they need the bankruptcy option as leverage to get deals and compromises done.

I cannot support a bailout for the cities and states. They've got to find their own solutions IMHO. The federal gov't should give them the bankruptcy option, and any other tools that make fiscal sense. But not a bailout.

The reality is it's about bailing out government unions. That's the biggest liability on blue State balance sheets that they can't cover. Decades of over commitments to unsustainable payouts.

Hell no taxpayers in responsible States shouldn't have to bail that out

 

[kaz]

These are unique times

The Federal Government needs to step in. The US Government can just run up tens of trillions of debt and just keep going.

To States, they try to tell them to be more responsible.

I agree with that. But here's the thing. Many of the States are responsible. You're advocating they get reamed in the ass again and pay for both the Feds and the States that weren't responsible even though they were

 

[Care4all]

Trump declared the national emergency didn't he?


Oh and please tell us how States can get out of this, when there is so many unemployed....No income for them to tax, and so many businesses are closed due to covid, no business taxes to collect... no profits from any business to tax, no sales taxes at level needed etc etc


How does the State and Localities pay for firemen, law enforcement, water, sewerage, hospitals, food banks, garbage pick up, park maintenance, schools, COVID precautions in schools, covid testing, covid tracers, etc? When the States have no revenue source or a drastically reduced revenue source? And can not print money and borrow, like the Fed can do.

Yes, of course the federal gvt needs to help the States they are the federal government for....

 

[rightwinger]

These are unique times

The Federal Government needs to step in. The US Government can just run up tens of trillions of debt and just keep going.

To States, they try to tell them to be more responsible.

I agree with that. But here's the thing. Many of the States are responsible. You're advocating they get reamed in the ass again and pay for both the Feds and the States that weren't responsible even though they were

That is why we have a UNITED States rather that a bunch of states arguing about favoritism. We, as a country, help those states that need help.

For the most part, that means some states pay more in Federal Taxes than they receive. Those states tend to be Blue states with Red States receiving more federal funds year after year.

Now, with COVID, some of the Blue states need Federal funds and the Red States are whining like little bitches.

 

[kaz]

For the most part, that means some states pay more in Federal Taxes than they receive. Those states tend to be Blue states with Red States receiving more federal funds year after year.

Now, with COVID, some of the Blue states need Federal funds and the Red States are whining like little bitches.

View attachment 376440

That's just a Democrat talking point. The term paying more in taxes than they receive is incredibly ambiguous and could be interpreted in a hundred different ways to get the result you want.

This for example only counts money paid directly from Federal to State governments. You want to talk about States that benefit from the Federal government, start with Maryland and Virginia which are home to the massive center of the Federal government. But this has Virginia as incredibly low and Maryland just a bit higher. It's a load of crap

 

[kaz]

Oh and please tell us how States can get out of this ...

Who is "us?" You and the voices in your head?

And that's what the government says every time before they get out the guns to rob us