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We hired someone to manage our obligations who was famous for signing contracts and then stiffing his contractors. It makes perfect sense that, once freed from
by DFHippie 2y ago
We hired someone to manage our obligations who was famous for signing contracts and then stiffing his contractors. It makes perfect sense that, once freed from underlings who were loyal to anyone or anything but him, he would continue this practice.
All the entities that were receiving those grants and aid have already obligated it. They have rented office space, hired employees, purchased equipment. And all of the entities they have contracted with using this money have done the same. If they have to dissolve, they won't be there to start up again if the courts manage to compel the administration to execute the laws as written. (And Trump is also famous for protracted lawsuits which he wins by default when some deadline has passed.) Closed storefronts don't tend to open with the same business.
I don't mind when rich fools learn hard lessons. Their self-esteem drops but their quality of life doesn't. It sucks when poor people are the blackboard on which this hard lesson is written.