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Trump doesn't want to bail out BLUE states!
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2020 May 5, 12:02pm 1,387 views 9 comments
Comments 1 - 9 of 9 Search these comments
1
marcus
2020 May 5, 12:08pm
marcus
2020 May 5, 12:08pm
joshuatrio says
So we'll spend trillions propping up your stocks, which would go back up anyway ? Wtf ?
You don't see how he increases polarization ?
SO if a corporation can't handle a couple months of lower revenues, well give them federal tax dollars.
But if government of the states that actually generate the tax dollars have cash flow issues, that's their problem.
Right wing idiots are guaranteeing that their biggest fear comes true.
“I don’t think the Republicans want to be in a position where they bail out states that are, that have been mismanaged over a long period of time,” he said.
So we'll spend trillions propping up your stocks, which would go back up anyway ? Wtf ?
You don't see how he increases polarization ?
SO if a corporation can't handle a couple months of lower revenues, well give them federal tax dollars.
But if government of the states that actually generate the tax dollars have cash flow issues, that's their problem.
Right wing idiots are guaranteeing that their biggest fear comes true.
2
AD
2020 May 5, 12:49pm
AD
2020 May 5, 12:49pm
marcus says
Look at the credit ratings of these blue states like California. They are worse than Mississippi and Alabama.
And California's Governor then has the nerve to offer stimulus aid to illegal immigrants. That's part of the problem along with the generous pay and pensions for their state and local government civil servants.
But if government of the states that actually generate the tax dollars have cash flow issues, that's their problem.
Look at the credit ratings of these blue states like California. They are worse than Mississippi and Alabama.
And California's Governor then has the nerve to offer stimulus aid to illegal immigrants. That's part of the problem along with the generous pay and pensions for their state and local government civil servants.
3
socal2
2020 May 5, 1:04pm
marcus says
Come on man, you have to know that the municipal pension ponzi schemes in Illinois, California and New York are facing a reckoning with or without a Pandemic.
If California's pension system couldn't get whole after the last bull market run, when would they ever? California tax payers are already suffering by diverting much needed tax dollars from infrastructure and good governance to shore up these obscene union contracts.
You would be wise to pressure your union representative to take this opportunity to negotiate before the rug is pulled out from under you regarding the unsustainable pension system.
Instead the unions fight even MODEST reforms like egregious pension spiking which the California Supreme Court is now hearing this week. I hope to God they overturn the "California Rule" and give hundreds of near bankrupt California cities the tools they need to manage the salary and benefits of government workers.
https://www.mercurynews.com/2020/05/02/editorial-pension-spiking-showdown-at-california-supreme-court/
But if government of the states that actually generate the tax dollars have cash flow issues, that's their problem.
Come on man, you have to know that the municipal pension ponzi schemes in Illinois, California and New York are facing a reckoning with or without a Pandemic.
If California's pension system couldn't get whole after the last bull market run, when would they ever? California tax payers are already suffering by diverting much needed tax dollars from infrastructure and good governance to shore up these obscene union contracts.
You would be wise to pressure your union representative to take this opportunity to negotiate before the rug is pulled out from under you regarding the unsustainable pension system.
Instead the unions fight even MODEST reforms like egregious pension spiking which the California Supreme Court is now hearing this week. I hope to God they overturn the "California Rule" and give hundreds of near bankrupt California cities the tools they need to manage the salary and benefits of government workers.
https://www.mercurynews.com/2020/05/02/editorial-pension-spiking-showdown-at-california-supreme-court/
4
RWSGFY
2020 May 5, 1:15pm
RWSGFY
2020 May 5, 1:15pm
marcus says
Yes, because they spend money on stupid shit like "sanctuary state", "homeless industrial complex" and background check for ammunition.
But if government of the states that actually generate the tax dollars have cash flow issues, that's their problem.
Yes, because they spend money on stupid shit like "sanctuary state", "homeless industrial complex" and background check for ammunition.
5
Shaman
2020 May 5, 2:59pm
Shaman
2020 May 5, 2:59pm
You can’t reward bad behavior, and blue states are full of bad behavior. Gotta let them reap the benefits of their actions and make their own way out of the hole they dug for themselves. If government worker pensioners got their pensions cut, I wouldn’t shed a single tear. If redundant bureaucracy gets laid off or fired, I will cheer!
If wanton waste and reckless spending on stupid stuff has to stop, why would I want it to continue?
The only thing I know is that people can’t entertain an additional tax right now. Even to propose such a thing will break any politician.
If wanton waste and reckless spending on stupid stuff has to stop, why would I want it to continue?
The only thing I know is that people can’t entertain an additional tax right now. Even to propose such a thing will break any politician.
6
AD
2020 May 5, 3:34pm
AD
2020 May 5, 3:34pm
socal2 says
I remember watching Bloomberg TV around 2012 which said the CALPERS needed to earn around at least 6% to stay solvent, that is be able to make its scheduled pension payouts without having to increase contribution amounts.
It could have easily done that with by investing in a portfolio that is 65% investment grade bonds and 35% stocks.
If California's pension system couldn't get whole after the last bull market run, when would they ever?
I remember watching Bloomberg TV around 2012 which said the CALPERS needed to earn around at least 6% to stay solvent, that is be able to make its scheduled pension payouts without having to increase contribution amounts.
It could have easily done that with by investing in a portfolio that is 65% investment grade bonds and 35% stocks.
7
Bd6r
2020 May 5, 3:44pm
Bd6r
2020 May 5, 3:44pm
marcus says
A very valid point - there should be NO stock propping up and no bailouts for financially mismanaged states. As it is now, large companies which were mismanaged do get bailouts, while states which were under similar levels of stupid mismanagement, are not bailed out.
So we'll spend trillions propping up your stocks, which would go back up anyway ? Wtf ?
A very valid point - there should be NO stock propping up and no bailouts for financially mismanaged states. As it is now, large companies which were mismanaged do get bailouts, while states which were under similar levels of stupid mismanagement, are not bailed out.
8
Onvacation
2020 May 5, 8:49pm
Onvacation
2020 May 5, 8:49pm
APOCALYPSEFUCKisShostakovitch says
Just because there hasn't been heads on pikes every 10 yards between Lincoln's and Washington's monuments doesn't mean there won't be.
No. He won an election. The constitution gives him the right to hunt down and behead all of his enemies who failed to vote for him - and yet he mercifully let them live.
Just because there hasn't been heads on pikes every 10 yards between Lincoln's and Washington's monuments doesn't mean there won't be.
9
MisdemeanorRebel
2020 May 6, 6:44am
MisdemeanorRebel
2020 May 6, 6:44am
marcus says
He said "Liberals are bitter, clinging to their Quinoa and Maya Angelou"
You don't see how he increases polarization ?
He said "Liberals are bitter, clinging to their Quinoa and Maya Angelou"
During a sit-down in the Oval Office, Trump echoed recent remarks by Senate Majority Leader Mitch McConnell, who last month refused to open federal coffers for “blue state” governments — including New York’s — that have been hit hard by the pandemic.
“I think Congress is inclined to do a lot of things but I don’t think they’re inclined to do bailouts. A bailout is different than, you know, reimbursing for the plague,” said Trump, who also predicted a strong economic rebound from the coronavirus crisis by the end of the year, and offered his opinions on presumptive Democratic challenger Joe Biden’s best pick for a running mate and the sex assault allegations facing the former vice president.
“It’s not fair to the Republicans because all the states that need help — they’re run by Democrats in every case. Florida is doing phenomenal, Texas is doing phenomenal, the Midwest is, you know, fantastic — very little debt.”
Trump also said, “You look at Illinois, you look at New York, look at California, you know, those three, there’s tremendous debt there, and many others.
“I don’t think the Republicans want to be in a position where they bail out states that are, that have been mismanaged over a long period of time,” he said.
https://nypost.com/2020/05/05/trump-blue-state-coronavirus-bailouts-are-unfair-to-republicans/