Nikki Haley endorses letting state governments go bankrupt -- and it immediately blows up in her face

[turbinetree]

Published 1 min ago on April 23, 2020
By Brad Reed

Former South Carolina Gov. Nikki Haley on Thursday gave a thumbs-up to Sen. Mitch McConnell’s (R-KY) plan to let state governments go bankrupt — and he was instantly met with furious blowback from many of her Twitter followers.

“States should always plan for a rainy day just like any business,” Haley wrote. “I disagree that states should take Fed money or be bailed out. This will lead to taxpayers paying for mismanagement of poorly run states. States need to tighten up, make some cuts, and manage.”

As Haley’s followers pointed out, there are many problems with her argument.

In the first place, many private businesses are being bailed out with government money right now, regardless of whether they had planned “for a rainy day” or not.

Additionally, Haley’s own state of South Carolina is annually one of the biggest beneficiaries of federal largess, as it receives an average of just over $5,000 in federal aid per resident — the 12th-highest per-capita amount of America’s 50 states.

https://www.rawstory.com/2020/04/nikki-haley-endorses-letting-state-governments-go-bankrupt-and-it-immediately-blows-up-in-her-face/

So dip shit do you think you should still get a pension from the state if you file for bankruptcy and everyone else from the state don't get one..............or do you think you should be exempt because your special..................

[Turbineguy]

1. A pandemic and economic collapse

really helps republicans come out with their finest ideas to make things worse.

[Marie Marie]

16. And, a pandemic and economic collapse should be handled at the

Federal Level. Our Federal Government blew this and the states have picked up the duties and the debt.

[Mike Nelson]

2. Good for her...

... Nicki Haley-Trump doesn't need a shovel from any of us - she's doing fine on her own!

[grumpyduck]

3. "This will lead to taxpayers paying for mismanagement of poorly run states. "

Seriously, Nikki??? What the fuck do you think taxpayers have been doing for the past three and a half years with this prick in office?

[William769]

4. They are all crazy.

[Baitball Blogger]

5. I see what's happening.

Small business people aren't the right kind of people to re-funnel tax dollars. They don't make enough to offer Republicans big donations.

[Pantagruel]

6. Emergency cash

MUST come from the feds, the have the presses to print it unlike the states.State budgets almost never run at a surplus that will allow a "rainy day fund' to build. Any surplus would immediately draw calls for tax cuts. Now even Alaska will run deficits due to crude price collapse.There's fiscal ugliness afoot.

[gratuitous]

7. Another niggling little problem is . . .

Quite a few states, maybe all of them, are prohibited from running a deficit or declaring bankruptcy by their state constitutions. That's why the federal government exists as the backstop of last resort: The feds just print more money to cover expenses, something the states are forbidden from doing by federal law, because the United States is required to trade in just one currency, the dollar.

[katusha]

8. how much hurricane aid has South Carolina received?

during her tenure as gov and overall. isn't that the definition of a rainy day, a hurricane? did S. Carolina not set aside enough money for hurricanes? GIVE BACK THE AID!!!

https://www.postandcourier.com/hurricanewire/how-much-money-will-south-carolina-get-for-disaster-relief/article_16276c94-8862-11e9-a637-774d0cfe79c4.html

[Jim__]

9. So does Nikki favor letting restaurants, airlines and other businesses go bankrupt?

I mean, if they need federal help they must be just as poorly run as the states that need federal help.

Republican is synonymous with idiot.

[Hassler]

10. This dope and Moscow Mitch do know Chump needs

Michigan, Wisconsin, Pennsylvania, Florida, Arizona and North Carolina, don't they? No, probably not.

[Praek3]

11. No surprise

Trump bankrupted his own $400 million inheritance and his "businesses" many times.

It is no surprise that he and his ass-kissers are doing the same thing to America.

[DavidDvorkin]

12. She's running hard to replace Pence on the ticket.

[jcgoldie]

13. she better practice with a golden shovel

... Mike and Donald looked pretty shaky with that complex implement!

[crickets]

14. Good. Comments like that should blow up in her face. Wow. K&R

[sop]

15. Republicans want to sell off all the commons to corporate interests, privatize all public services

and turn everything into for profit ventures. All it takes is a financial crisis to bring out the vulture capitalists.

[eleny]

17. So now cornavirus only required a rainy day fund

Wave buh-bye to any future career in politics, Ms. H.

[eleny]

18. Federal reimbursement is getting a nice airing today

Republicans are shooting themselves in the foot with it.

If the blue states go bankrupt a la McConnell's wet dreams, there won't be any funds to send to the poor red states.

Doh!

[smirkymonkey]

19. So by that reasoning, shouldn't large corporations also plan for a rainy day and not

get bailed out by the government when they hit hard times as well? How stupid do they think we are? They throw taxpayers a few crumbs and bail out the rich and corporations with OUR tax dollars!

[BlueIdaho]

20. The Pandemic Exposes the Stupidity of Republican Orthodoxy.

Those who cling to its dogma will be crushed by the unworkability of their supply side trickle down Ayn Randian fantasy.

[Hermit-The-Prog]

21. Moscow Mitch is prepping the 'deficit hawk' side of his schizo party.

Moscow Mitch anticipates a big loss of Republican seats and is beginning his transition from "deficits don't matter" to "deficits are everything".

See the 2 Santas scheme ( 2nd link in 'sig' ).

[struggle4progress]

22. "Two trillion to defend our corporations, but not one cent for you!"

[applegrove]

23. Is this to destroy publuc sector pensions and end powerful unions?

I think so.