What am I missing? Every state government is in extreme financial jeopardy.

[shockey80]

Trump and the Republicans are in no hurry to bail them out. They are desperate to have the economy improve and yet they delay sending aid to the states. Bailout Money already approved for small businesses is just sitting there.

I guess I do not comprehend insanity.

[leftieNanner]

1. And one of the best ways to boost the economy

Is to put money in people's pockets that they SPEND on Main Street. But St. Ronnie's Trickle Down BS is still their mantra. No No No! No money for those takers! Only money for the rich folks who put the cash in the Caymans.

[jimfields33]

2. They want to see how things go when everything is open

Then evaluate and then pass a bill. I’d say that the 3 previous bills need to see if they work too. 3 trillion is out there.

[shockey80]

4. Everything is not going to open. You may be right they are waiting to see how things go, Scary.

[jimfields33]

11. Definitely scary.

I definitely don’t agree at all but just believe that’s that ridiculous reason.

[struggle4progress]

3. "If we can destroy the states and the federal system, we'll be in control!"

[Steelrolled]

5. This has happened before

The states have to balance their budgets, and they always do it in the end, albeit sometimes with some financial trickery.

[shockey80]

6. When?

[Steelrolled]

8. 2009, for one.

https://ballotpedia.org/State_budget_issues,_2009-2010

Lawmakers in virtually every state scrambled to keep their FY 2009 budgets balanced while at the same time struggling to enact new ones for FY 2010. Hemorrhaging revenues drove the massive difficulties they faced. No matter how pessimistic revenue forecasts were, actual collections seemed to come in lower. This happened over and over and over again. Ultimately, states were not just faced with lower revenue growth rates, they confronted year-over-year declines in actual collections[3].

[shockey80]

10. This is nothing like 2009.

This is much worse.

[roamer65]

7. I am in favor of Michigan running a deficit.

Ontario does it and they get along just fine.

[jimfields33]

12. Against the law or constitution or some reason

No state can run a deficit.

[roamer65]

16. We should do it anyway.

No one will stop it.

We should sell bonds in Chinese Yuan.

[jimfields33]

18. True, but it will make it worse for Biden

If it was 2017, I’d agree but it would destroy the economy if the states did this.

[roamer65]

19. No it won't.

It doesn’t destroy the Canadian economy.

Each province runs a deficit.

It’s time the US becomes a confederation again, like 1789-1861.

[jimfields33]

20. Our economy cannot even remotely compare to Canada

[roamer65]

21. There is no federal law requiring states balance budgets.

Those exist at the state levels and can be changed or repealed. States already issue long term bonds for infrastructure and other capital reasons. That’s a deficit.

Just issue more bonds to cover the operational deficits and raise taxes a bit on the wealthy.

Canada is definitely a good template for a well functioning confederation.

[jimfields33]

24. Thanks for the info on States and what they can do in regards to the budget

Honestly the only reason I said that Canada and u.s. are differentvis because of the constitution, but you’ve explained that states have own rules which throws out my reason. Lol. Well hope the world comes out of this as close to great as possible.

[roamer65]

25. I hope so 2.

I would rather see state deficits than Medicaid cuts.

[Brainfodder]

9. Scammy McScammerson doesn't give a hoot?

...and yeah we not understanding their criminal intentions, we iz the cool kidz?

[ScratchCat]

13. And its going to get worse

Not only are States in financial jeopardy, the university systems of all 50 States are about to be bankrupted. If there is no college football season, all but a handful of athletic departments will have to close because its the only sport that makes a profit(with the exception to basketball at a handful of schools) and subsequently funds all other sports. All women sports will be eliminated. The sports that are not eliminated will become club sports with no scholarships. 90% of people don't understand this. You can't have "virtual classes" with kids at home. Those dorms have to be filled; those stadiums and arenas have o be filled; people have to park in the parking garages; they have to shop at the bookstores; the local businesses have to have customers. Nobody thought this through before proposing the "only solution" to be closing stuff down. There will be no way to recover from this. You can't just tell all the businesses that depend upon a student population in their city to close down until there is a vaccine. The world doesn't work that way.

[pwb]

14. Time to stop sending state money to Washington?

It makes sense to pay off the States debt that is why pukes won't do it.

[Brother Buzz]

15. How would you propose to do that?

That's the rub

[roamer65]

22. Garnishment of federal payroll tax withholdings.

Require businesses to send them to state treasuries before the IRS.

Fine them if they don’t comply.

[2naSalit]

17. To starve everyone back to work. ...nt

[SoonerPride]

23. Malice and incompetence are not a good combination