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State governments can't provide that kind of relief without help from the federal government and the federal government has made no such commitment. Are you ex
by wefarrell 7y ago
State governments can't provide that kind of relief without help from the federal government and the federal government has made no such commitment.
Are you expecting states to wait for something that might not come?
- inetknght 7y ago> State governments can't provide that kind of relief Maybe not all states, but some states can afford it better than others.
- wefarrell 7y agoStates' fiscal powers are nowhere near that of the federal government. They borrow at much lower rates, have more flexibility with respect to the level of debt they can take, take in far more revenue, and as a last resort print money. There is no historical precedent for any state bailing out an industry to this extent.
- deleted 7y ago[deleted]