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Fair enough — I’d wager large city bankruptcies remain quite possible under the next GOP Administration. The most liberal Republican POTUS of my own lifetime s

• emodendroket 6y ago
  McConnell is on the record saying he doesn't think the government should be bailing out blue states for what he has deemed profligate spending, so no need to look back to 1975. https://www.mcconnell.senate.gov/public/index.cfm/pressreleases?ID=221B54C6-B84F-413B-8765-D0026E879BA7 https://www.mcconnell.senate.gov/public/index.cfm/pressrelea... > “I said yesterday we’re going to push the pause button here, because I think this whole business of additional assistance for state and local governments needs to be thoroughly evaluated. You raised yourself the important issue of what states have done, many of them have done to themselves with their pension programs. There’s not going to be any desire on the Republican side to bail out state pensions by borrowing money from future generations.”