Article by Bryan Howard
April 29, 2020
Senate Majority Leader Mitch McConnell (KY-R) appeared on Fox News to discuss if States should receive a bailout for the pandemic. McConnell made it clear he has no intentions to bail out states that have run a massive debt well before the Coronaviurus due to irresponsible spending.
McConnell stated, “We’re certainly open to considering additional assistance to state and local governments, on top of what we have already done in the CARES Act. It is important, however, to understand that many states have systemic, longstanding challenges, many of them their pension funds, many of them from overspending. So, what we’re saying here is, we’re not interested in rescuing badly run states from the mistakes they have made completely unrelated to the coronavirus.”
McConnell continued, “So, let me make it perfectly clear. We are open to considering another bill. But my red line in going forward on this bill is, we need to provide protection, litigation protection, for those who’ve been on the front line, hospitals, doctors, nurses. And imagine you’re a businessman thinking about reopening, and you have heard that the trial lawyers all over the country are sharpening their pencils, getting ready to sue you, claiming that you didn’t engage in proper distancing or other issues related to health and safety.”
McConnell concluded, “Look, we can’t pass another bill unless we have liability protections. And that’s the only way we’re going to ultimately begin to get past this. And that is to begin to open up the economy again. We have to have businesses brave enough to open up again, employees brave enough to go back to work. And I’m glad to see that some of the states are beginning to move in the direction of reopening.”
Illinois is one of the states attempting to get a bailout from the federal government due to the Coronavirus, but their debt has far predated the virus itself. Illinois was a sinking ship that has run their credit score to near junk levels. Currently, Illinois debt is $165 Billion and most of this comes from Government employee pensions that were promised.