April 23, 2020 By Monica Showalter
Senate majority leader Mitch McConnell is taking tons of flak, even from members of his own party, for telling free-spending blue city and state governments, which were already reeling under massive unfunded pension liabilities, that they weren't going to get bailouts under the pretext of coronavirus stimulus............Like Puerto Rico in the wake of its recent hurricanes, it was bankrupt to start with, not bankrupt in the wake of the unforeseen hurricanes, and the reason was mismanagement. In the private sector, such mismanagement has consequences, and it's called "bankruptcy." The Puerto Rican governments, who had mismanaged not only their finances, but their massive aid packages, too, had been insistent on getting a bailout for their own baseline mismanagement on the pretext of disaster relief.
That's what these blue city and state one-party Democratic governments are trying to pull now: a get-out-of-bankruptcy-free card to cover up for the consequences of their bad economic decisions and a license to go right on doing what they have been doing, which is hiring bureaucrats and spending lavishly on them, always making the private sector pay.
We already know that most of these civil servants are drawing six-figure salaries way out of proportion to their education, talents, or academic achievements, such as they are found in the private sector..............
McConnell is right to see the dynamics of these blue city bailout demands and call a stop to them. Because if he doesn't, they will never learn that if you want to run a place where productive people want to live, you need to lower taxes and get serious about improving the quality of life for the private sector, not prioritize the interests of the campaign-donating bureaucrat class. If these places get bailed out, a message will be sent that they can go right back to doing what they had been doing and spend as though there is no tomorrow............To Read More.....
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