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State bailouts should come with strings attached

Adam Schuster, Orphe Divounguy  |  May 22, 2020

Op-ed by Adam Schuster and Orphe Divounguy, includes “In 2020, Illinois finds itself in a strikingly similar situation to Greece in 2010. … Congress should require states to maintain end-of-year balanced budgets and prohibit counting intergovernmental transfers and short-term borrowing as ‘revenue’ for that purpose. …  Illinois and the few other states desperate for federal aid are in that position because of their own financial mismanagement, not the coronavirus.” 

Read the full article on: The Hill

 
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