Here come the Governors of the most long term horrendously mismanaged States in the country demanding that the Federal Government bail them out, because their pathetic response to Covid- 19 has allegedly decimated their budgets. In reality their budgets have been a house of cards for decades.
Take NY, Gov. Cuomo is demanding $40 billion, claiming his state NEEDS this amount to put it's financial house in order. He soft pedals the fact that $12 billion of that is for the state pension system, which has been severely underfunded for 20 years. Why should the taxpayers of NH fund the pensions of NYC unions?
Or, IL. Gov. Pritzker, wants billions to bail out his underfunded unions. Same for MA, NJ, CA, WA, OR, BTW, Why is it all the long term progressive Democrat control states, in this situation?
President Trump is exactly correct. There is no Constitutional provision to transfer States financial problems to the Nation at large. Further it will do no good at all. Much like the drunken sailor getting a gift, it will change his behavior not one whit. They will learn nothing, they will change nothing. They will have no incentive to become fiscally prudent. The corruptocrats who have endlessly promised 8% returns on union pensions in a 2% market will have no incentive to tell their Union boss owners to face reality, having been shown that the public trough is open to their fiscal gluttony.
Try the fiscal sleight of hand of former California Governor Jerry Brown, who facing multi billion dollar shortfalls in his budget, "fixed" the problem by simply taking CALPERS, offbudget. VIOLA! $20B in debt off the balance sheet!
To bail out the states, is simply another type of financial sleight of hand. It removes the responsibility for Illinois, or NY, or CA, decades of mismanagement, and debt from their own citizens, who have reaped the windfall from these corrupt practices, and bestow that responsibility upon the hard working reasonably fiscally prudent citizens of NH, MT, ND, etc. They did nothing wrong. They are not the corner panhandlers, that Gov. Cuomo, Gov. Pritzker, Gov. Newsom, et. al. are.
The difference is nil.