McConnell's rejection of federal aid for states risks causing a depression, analysts say

[Zorro]

Senate Majority Leader Mitch McConnell (R-Ky.) would rather see states declare bankruptcy than give them federal aid to deal with the economic collapse triggered by the coronavirus pandemic.

That’s a recipe for turning a potentially short recession into a prolonged depression, according to officials and analysts.

The question of whether Congress and the White House should provide relief funding to state and local governments — as the feds have done already for private business — is about to reach a showdown in Washington.

The stakes are high in our region, where state and local officials say that without federal action they will have to make even deeper cuts than feared in core services such as education, housing and health programs (apart from those required to fight the virus).

Governors, mayors and county leaders of both parties are clamoring for help in the next federal rescue package after McConnell and President Trump blocked such assistance in the $484 billion bill approved last week.

https://www.washingtonpost.com/local/mcconnells-rejection-of-federal-aid-for-states-risks-causing-a-depression-analysts-say/2020/04/26/1fd4731c-8632-11ea-a3eb-e9fc93160703_story.html

[Iliyah]

1. t-rump and crew are forcing states to open . . .

during a pandemic which will cause many more deaths and further tank the economy. Now if this is their goal as what I've been reading, this would be the death of t-rump's party while many more American's die.

[JustAnotherGen]

2. It also risks

Killing the State Employee pensions in NJ.

This fucker is evil. He's just evil.

[Bernardo de La Paz]

3. mcCONnell would rather divide blue from Red Hatter states than UNITE the country. . . . nt