Wednesday, May 13, 2020

Now it's up to $4 TRILLION!!----- Let California Twist in the Wind Without a Bailout

The Morning Briefing: Let California Twist in the Wind Without a Bailout
Image result for california pension crisis"...There is a sort of Stockholm Syndrome that conservative residents of the Golden State get which prevents them — and me when I lived there — from realizing how completely miserable things have gotten. 
...The progressives have been running the state into the ground financially for years, and now they want to use the present crisis as an opportunity to get some federal bailout money to cover for their past financial sins. 
OK, it’s not just California
Jeff wrote yesterday about the Democrat-led western states that have formed a “Pact” to go hat-in-hand to the federal government:
On Monday, the states that formed the West Coast Coronavirus Pact went begging to the federal government for a massive $1 trillion bailout of their bloated state budgets. The states of Washington, Oregon, California, and later, Nevada and Colorado joined in a pact of questionable legality last month to coordinate their responses to the Chinese Communist Party (CCP) pandemic and the gradual reopening of their economies. Now, the pact members have sent the bill for their failed state budgets to the federal government.
...Now California Governor Gavin Newsom wants to pretend that the above-described scenario is a coronavirus crisis problem that needs immediate attention:
NEW: Without federal support, states will be forced to make impossible decisions.
Today—CA, OR, WA, NV, CO, and our legislative leaders have joined together to ask the federal government for $1 trillion to protect our schools, public health, and public safety services.
Read all.

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