Because individual states have mismanaged their budgets and somehow all the other states and taxpayers have to bail them out, too. When is enough going to be enough? I don't care that Illinois is going down the tubes. California, New York and New Jersey, either. This is not a place the federal government needs to be interfering. Indiana has managed it's finances well enough (altho certain locales have not done so). If those other states can't take the hard decisions necessary to get their houses in order then that's just too blamed bad. Let 'em sink.
via Washington Post
via Washington Post
More at the source.President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery.
In a letter to congressional leaders, Obama defended last year's huge economic stimulus package, saying it helped break the economy's free fall, but argued that more spending is urgent and unavoidable. "We must take these emergency measures," he wrote in an appeal aimed primarily at members of his own party.
The letter comes as rising concern about the national debt is undermining congressional support for additional spending to bolster the economy. Many economists say more spending could help bring down persistently high unemployment, but with Republicans making an issue of the record deficits run up during the recession, many Democratic lawmakers are eager to turn off the stimulus tap.