Moonglow
Diamond Member
I have never taken a bailout and still managed to survive so I do oppose bail outs.So you are opposed to the government bailing out anyone?FUNNY how the Republicans criticized Obama for spending and the the Republicans do it and it's ok by Republicans....FUNNY how the Democrats criticize Trump for spending, then want to throw around a trillion dollars like it is nothing.Federal money for state and local governments is a key sticking point to reviving negotiations over the next coronavirus relief package.
The White House and congressional Democrats are deeply divided over whether states should get more money — and if so, how much.
Before talks collapsed late last week, the two sides were hundreds of billions apart on how much they were willing to put on the table. Democrats want $915 billion, while Republicans are offering $150 billion, the same amount included in the CARES Act from late March.
There are no signs the impasse is thawing, underscoring how difficult it will be to clinch an agreement after negotiations went off the tracks.
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A Treasury Department report found that through the end of June, state and local governments had spent roughly a quarter of the money previously appropriated by Congress.
But Democrats warn that without a significant influx of new money, state and local governments will have to seriously consider layoffs and cuts to essential services in the middle of a public health crisis and recession.
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There are GOP outliers on both sides of the issue: Some GOP senators, such as Rick Scott of Florida, are opposed to both more money and more flexibility for the funds already appropriated by Congress. Others — such as Sens. Bill Cassidy (La.) and Susan Collins (Maine), who is up for reelection — have pitched a bill that would provide state and local governments with an additional $500 billion.
State aid emerges as major hurdle to reviving COVID-19 talks
Federal money for state and local governments is a key sticking point to reviving negotiations over the next coronavirus relief package.thehill.com
Personally, I see this as a bailout to poorly managed state and local cities and counties, regardless of whether they are red or blue. And if the federal gov't gives them nearly a trillion dollars then they will not change their profligate ways. So we'll end up in the same place we are now a few years down the road; those same places will be crying for anther bailout, then another, and another. And frankly the Feds are just as bad, running up a huge national debt with no sign of slowing down. Repubs and Dems, Obama, Trump, and Bush and the rest of them are all guilty of fiscal mismanagement IMHO. And sooner or later the bill will come due as interest rates will eventually rise and just the interest payments alone will become the largest budget item that future generatons will have to pay.
So, when are we going to get our finances in order at every level of gov't?
The thing is, the states which would benefit the most from the Democrat's state spending plan are all Democrat Blue states who fucked everything up in the first place!
Now they want Trump to bail them out, make them happy. Trump wants these people unhappy before the election seeing how their democrat leadership has really screwed them!