Nighthawk117 said: Mitch McConnell says he favors allowing states to declare bankruptcy - Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout. https://www.msn.com/en-us/money/markets/mcconnell-says-he-favors-allowing-states-to-declare-bankruptcy/ar-BB1336bq?li=BBnbfcN Yikes! Glad I don't work for a state or local government. |
How many people do the states employ?
How many people will lose their pensions and end up homeless? how much will it damage the economy to not have these "normal" people putting money into circulation in society again? Right ontop of a economic crisis, were its going to be hard to get small bussines to survive once they open up, where you would need that sort of money circulation the most.
This sounds stupid to me.
That bill to help bailout small bussiness was mainly taken by "big corps" that had huge profits and tons of money set aside.
Again screwing over the small guy, it was ment to protect.
Why does america hate the avg joe?
Why does it only bailout the rich & powerfull?