If the Govt bailed out big banks, the Auto industry etc, why can't it also bail out the State Governments?If the Govt bailed out big banks, the Auto industry etc, why can't it also bail out the State Governments who are facing a budget crises, especially, CA, IL, NY etc. |
We already have bailed out some of the states, some like Cali multiple times. We just don't have the money right now to bail out half the states in danger of going bankrupt. It'd bankrupt the Federal Gov. Look at how deep in debt Cali alone is. Add in Illinois, NY and NJ and you have a HUGE sum of money. HUGE huge sum of money. It's just not feasible though you'll see Obama try I think, but only Left wing states. He's repeatedly shown extreme favoritism on the point of being open corruption in the disbursement of Federal funds to Left wing states.
The clincher is that bailing them out like bailing out the auto industry and banks doesn't do anything but go after the symptoms. Chrysler's been bailed out twice now. They don't learn. Time to let them fail. There was no excuse in bailing out the banks. Hasn't helped, banks are still going under at near record rates every year. So the bailouts only saved some of the biggest while small and medium banks continue to fail. What a waste of tax dollars. Bailing out Cali would be good money after bad. It'll just give them incentive to keep spending far more than they can possibly take in.
No mons, no funds.
How can the Federal government give out money it doesn't have?? And there are 47 other states that would feel slighted if those states got more money than they did.
In all seriousness, THEY DO bail them out, and have been for years. But they can't give money if they don't have the money to give.
The Federal government borrows 43 cents of every dollar they spend. The Federal government has their own debt crisis. How can someone who is broke bail out anyone?
California Illinois New York, Elitist Democrat Bankrupt
The Stimulus package = state government bailout.
Next....
Because it would cost too much money. Besides states need to go bankrupt to they could break their contracts with the labor unions that are killing the states
Because they ran out of money back in the 1980's.
Banks and govt are essentially the same thing aint it.
What do those states have in common? I'll give you one hint. Blue.
