The Coming Biden Bailout of Blue States and Cities
April 3, 2023 No Comments
Taxpayers will be stuck paying debt costs on political pet projects for years to come at the same time as public worker pensions bleed them dry.
Taxpayers will be stuck paying debt costs on political pet projects for years to come at the same time as public worker pensions bleed them dry.
FDR and Obama inherited their meltdowns. Biden’s was self-made.
In Mr. Biden’s shoes, any reader might have made the same better-safe-than-sorry decision to bail out a midsize California lender. I bet most, though, wouldn’t have made the decisions two years earlier that helped create the problem of two Sundays ago.
His administration is willing to bail out, backstop, guarantee and subsidize just about everything from SVB to student-loan debt.
For my money, the climate can wait. What about the ticking bombs that may be sending the United States toward financial catastrophe?
Another Devil’s advocate © 2021. All rights reserved.
