McConnell Says He’s OK With Letting States Go Bankrupt
Mitch McConnell has been heard from less than usual during the COVID-19 pandemic. He did get involved in a tiff with Louisville, Kentucky Mayor Greg Fischer over “religious freedom.”
The Senate Majority Leader has also been involved in negotiations to provide relief to individuals, small businesses and states. While the individuals and small businesses were provided with some funds, the states might not be as lucky. During a Wednesday radio interview, McConnell said that he’d be in favor of letting some states declare bankruptcy.
The long-time Kentucky senator told Conservative host Hugh Hewitt, “I would certainly be in favor of allowing states to use the bankruptcy route. It saves some cities. And there’s no good reason for it not to be available. My guess is their first choice would be for the federal government to borrow money from future generations to send it down to them now so they don’t have to do that. That’s not something I’m going to be in favor of.”
After Hewitt brought up blue states California, Connecticut and Illinois, McConnell looked to blame the states. “You raised yourself the important issue of what states have done, many of them have done it 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.”
The National Governors Association of America recently sent McConnell a letter requesting $500 billion in additional funds. It does not seem like the Senate Majority Leader will be amenable to their request.