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Congress is considering another bailout for states. Here are solutions states should

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Unread 06.11.20, 03:53 PM
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Congress is considering another bailout for states. Here are solutions states should

06.11.20 06:31 AM

Though the federal government will be providing over*$1.9 trillion*to state and local*governments*this*year, thatís*still*not enough, according to some lawmakers.*The House of*Representatives*passed a $3 trillion*bill*that included nearly $1 trillion*for states and localities*last month*ó legislation that would*almost double*the amount of federal money*made available*to states in response to the coronavirus. This is a bad idea. It would push our already-massive federal debt higher,*encourage states to engage in greater fiscal irresponsibility, and*likely lead to new, permanent spending. Rather than pass another bailout,*states can take*several reforms and actions*to weather the COVID-19 crisis and*keep budgets in check. States should search for opportunities to save Before deciding that another bailout is necessary, states should find and eliminate*unnecessary programs they already fund.*That will entail cutting*corporate welfare programs and subsidies,*a*move*likely*to*prove*popular with most*residents. State legislators should also look for ways to reduce total spending, and not implement any*new*temporary or permanent increases in cost-of-living adjustments, bonuses, legislative increases in salary,*new hires, or for any one-time or recurring expenditures unrelated to the COVID-19 pandemic. This*will require some fiscal discipline, but during the worst economic downturn since the*Great Depression, it will be imperative that states make an honest effort*to spend wisely. States need to spend their aid correctly Congressí third relief bill allocated*$150 billion*for […]

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