Speaking Sunday on ABC's This Week program, U.S. Senator Mitch McConnell suggested giving federal tax money to states may not be the best idea. Instead, he said the feds might loan the money:
"It might make sense to lend the money to the states that will make them spend it more wisely," he said, "If the money were lent rather than just granted, states would, I think, spend it wisely and the states that didn't need it at all wouldn't take any."
Does differentiating between gifted money to be blown and borrowed money to be spent judiciously really sound like part of the thought process in Kentucky's state government?
That rationale didn't do much to protect taxpayers forced to bail out bad-risk home "buyers" who borrowed money rather than have it given to them.
1 comment:
I advised him and his staff that the first bailout would not work and it did not....he paid no attention....my next piece of advice was it may well cost him the election or at least require him to spend more than he had on hand and that too came to pass...finally he listened on the auto bailout....as for this one....no! no! no! no!...Kentucky law makers need to cut spending and cut taxes....it will work but they will not listen.
Finally, the GOP is on its death bed and the current leadership both state and federal will lose control.
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