American Economist, Columnist, & Nobel Prize Winner
https://www.nytimes.com/2020/04/23/opinion/mcconnell-coronavirus-states.html
Krugman writes, in part, in the NYT:
. . . .
So yes, McConnell’s position is stupid. But it’s also vile.
Think of who would be hurt if state and local governments are forced to make drastic cuts. A lot of state money goes to Medicaid, a program that should be expanding, not shrinking, as millions of Americans are losing their health insurance along with their jobs.
As for the state and local government workers who may be either losing their jobs or facing pay cuts, most are employed in education, policing, firefighting and highways. So if McConnell gets his way, America’s de facto policy will be one of bailing out the owners of giant restaurant chains while firing schoolteachers and police officers.
Last but not least, let’s talk about McConnell’s hypocrisy, which like his stupidity comes on multiple levels.
At one level, it’s really something to see a man who helped ram through a giant tax cut for corporations — which they mainly used to buy back their own stock — now pretend to be deeply concerned about borrowing money to help states facing a fiscal crisis that isn’t their fault.
At another level, it’s also really something to see McConnell, whose state is heavily subsidized by the federal government, give lectures on self-reliance to states like New York that pay much more in federal taxes than they get back.
We’re not talking about small numbers here. According to estimates by the Rockefeller Institute, from 2015 to 2018 Kentucky — which pays relatively little in federal taxes, because it’s fairly poor, but gets major benefits from programs like Medicare and Social Security — received net transfers from Washington averaging more than $33,000 per person. That was 18.6 percent of the state’s G.D.P.
True, relatively rich states like New York, New Jersey and Connecticut probably should be helping out their poorer neighbors — but those neighbors don’t then get the right to complain about “blue state bailouts” in the face of a national disaster.
Of course, McConnell has an agenda here: He’s hoping to use the pandemic to force afflicted states to shrink their governments. We can only hope both that this shameless exploitation of tragedy fails and that McConnell and his allies pay a heavy political price.
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Read the rest of Krugman’s article at the link.
Have we all just been transported to “Jonestown 1978” ☠︎⚰️☠️⚰️?” Is our “Clown Prince” 🤡 actually the reincarnation of Rev. Jim Jones 🏴☠️?
Tired of being in the “Blue Majority” supporting “Red America” while excluded from control of our National Government? Tired of a Government of self-centered grifters — incapable of governing responsibly and in the public interest, but great at lining their pockets and those of their fat cat backers? Tired of an “Amateur Night at the Bijou” foreign policy that diminishes our nation and makes us the laughingstock the world? Tired of dealing with dirty water, polluted air, and crumbling bridges while the “Chief Clown” 🤡 sharpens his golf game? Tired of a kakistocracy that’s also a kelptocracy 💸 and practices nepotism? Tired of expensive health care that too often doesn’t improve the health of our nation? Tired of wages stagnating and benefits disappearing while the stock market goes bonkers and execs and shareholders get big payouts? Tired of lousy, anti-democracy judges 👨⚖️ who advance the interests of corporations, guns, and the GOP over the rights and dignity of individuals under our laws? Tired of paying the salaries of Neo-Nazi bigots like Stephen Miller? Tired of funding the “Afternoon Clown Show” 🤡 from the White House every day and dealing with its never-ending stream of dangerous ☠️ lies, misrepresentations, and fabrications?
Vote ‘Em Out, Vote ‘Em Out!
This November, send the “Clown Prince” 🤡, MM 🤮, and the rest of their anti-American party of disunity, incompetence, disorder, cruelty, stupidity, racism, and grift packing! Vote like your life depends on it! Because, it does!
PWS
04-24-20