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Senators David Perdue and Ron Johnson discuss potential state bailout legislation wit

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Unread 05.09.20, 05:44 AM
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Senators David Perdue and Ron Johnson discuss potential state bailout legislation wit

05.08.20 07:55 AM

Americans for Prosperity*President Tim Phillips*and Chief Executive Officer Emily Seidel spoke with Senators David Perdue and Ron Johnson over a*teletownhall*last week*to*discuss*why*the*congressional proposal to send bailouts to the states and localities*is a bad idea. These bailouts, the senators explained,*unfairly privilege states whose poor fiscal condition predates the coronavirus pandemic.*Meanwhile, states that have*historically*managed their budgets more responsibly are left*footing the bill. Senator Perdue noted that*the federal government’s already-high level of debt makes*an additional massive spending bill potentially disastrous. This is the reality that we have right now. I have a debt clock in my office in Washington. It spends at about $100,000 per second. We had about $23 trillion in debt before COVID-19. We’ve added $2.9 trillion of spending in this relief package that I just outlined. … I just don’t know*how that is possible [to grant these bailouts], frankly, until we [address] the $2.9 trillion that’s already been spent. We had about $1.2 trillion*this year in budget shortfall, and so now we’re looking at just the debt, itself … going from $23 trillion to $27 trillion. Responding to an audience member’s question, Perdue added, “It’s not fair to the states, and to the citizens of these states, to subsidize these other […]

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