Most cash-strapped states have expected that any federal help they get through the stimulus package would take the form of a grant. But on ABC’s “This Week” Sunday, Senate Minority Leader Mitch McConnell, R-Ky., touted loaning the money instead. “I think nobody thinks we ought to be spending this money on things like Mob museums and waterslides,” McConnell said. “And 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.” But some states that need the money but can’t afford more debt wouldn’t take any either, defeating the purpose.
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12 Comments
Kansas and other states might as well apply directly to China or set up their own printing presses to manufacture money. Of course, the most prudent way would be to reduce spending.
Sometimes its wise to look at how individuals and/or families would handle it if faced with reduced income.
What do you do when you’re broke, can’t work, and can’t get food?
P.M.: Run for political office.
What purpose does Senate Minority Leader Mitch McConnell, R-Ky., think he and his would fill if the states each go it alone? Doesn’t that take “united” out of the equation? Isn’t his job supposed to be be working as a United States Senator?
Another Senator trying to prove he is a bigger idiot than most people thought.
Well, if they’re going to make loans, they’ll need to make sure the states are viable, and they’re not just prolonging the inevitable!
Didn’t McConnell hold onto his seat by a slim margin? Who is he to be telling the rest of the country what to do.
Isn’t it ironic McConnell is now questioning how Congress spends the money but didn’t question Bush and Cheney how they were spending billions of dollars on all their spending sprees?
Typical Republican – do as I say and not as I do.
If the federal government decides its purpose is to be a bank, citizens should be able to decide whether that bank has merit or they prefer to put their money in another institution.
We knew federal government produces nothing, generates no revenue but instead takes our money, spends every penny plus, but it was expected that some of that money would take care of infrastructure, public works, safety, roads, etc.
When states must borrow the money to take care of our infrastructure they might as well decide which bank they want to use along with all us citizens.
If government at the federal level is as useless as Senate Minority Leader Mitch McConnell, yet he (and all the others no better than he) continues to be elected who is it that is the most foolish? Would that be us?
“What purpose does Senate Minority Leader Mitch McConnell, R-Ky., think he and his would fill if the states each go it alone? Doesn’t that take “united” out of the equation? Isn’t his job supposed to be be working as a United States Senator?”
Well, he is from the south. Maybe he’s still fighting the civil war.
We shoulda let them go…
You can bet Kentucky will be the first in line whether it’s for a loan or grant!
Where did the money come from in the first place (ultimately)? The taxpaying people.
Where do those people reside? In states.
Where does McConnell get off thinking he is going to loan the people’s money back to them?
“Where does McConnell get off thinking he is going to loan the people’s money back to them?”
Hahaha.
9 out of 10 people did NOT want the bankster “bailout”, yet it still passed. Do you honestly believe “The People” matter anymore? Really?
The criminality of this government is rampant, full of hubris and bolstered by the fact that those 10 people that called about the bailout were no more than 20% of the entire population.
Americans just don’t give a siht.
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