States Scored Own Goal With Virus Mandates. Without Enough Money For The Current Year, They Will Be Forced To Change.

The Virus mandates have been an own goal for state governments.These governments devastated the lives of so many citizens that not enough money is coming to sustain their own fatness. States are getting hit in the pocket book because the citizens have less money to send  and the states at the same time were borrowing money to palliate the victims they created.  It’s the only form of accountability the governors and health advisers will ever face, but it’s enough. 

If magic bail outs don’t happen, those states will be cutting services, closing programs and losing votes.  There isn’t a way to weasel out of it.  The blue states like borrowed money and lots of programs more than red states.  Their customers a.k.a. voters are going to have the biggest shocks.

Bailouts wont be from something
set aside for a rainy day.
(Is that a roll of toilet paper?)

If a magic bail out from Washington is tried, it won’t be from a Scrooge McDuck pile of good money.  It will be “printing press” money and money borrowed from the future with promises to pay.  This pile of promises has gotten too big to pay back while still living live as high on the hog as we are wont to do.  This means a default sometime after the current batch of politicians have left office.  Or it means debt for our children and grandchildren, poorer hospitals, rusty bridges, and pensions at fifty cents on the dollar.

If the line holds so individual states generally must accept responsibility for their own affairs, fifty experiments should follow.  Wealth and workers will go to the winners.  This time, necessity may be the mother of invention.  Make believe money won't let the states avoid the crunch.

The big cities are like states:
New York City needs to slash its spending — or face receivership

By Nicole Gelinas     New York Post       April 27, 2020 | 8:23pm

Not!   When you are taking flakYou're over the target.