News

Senate resolution cautions against federal bailout of fiscally irresponsible states

Rachel Greszler  |  July 11, 2019

“Most of the public was outraged when, during the financial crisis of 2008, Congress provided a massive financial bailout … By contrast, state and local governments have accumulated many trillions of dollars in debt with clearly foreseeable consequences. … However, it’s only a matter of time before state policymakers, not wanting to face those consequences, seek a federal bailout. …” 

Read the full article on: The Heritage Foundation

 
comments powered by Disqus