Issues & Insights

Democrats Admit It’s All About the Blue State Bailout

Excerpt provided by the Committee to Unleash Prosperity. Sign up to receive a free subscription to the full weekday Unleash Prosperity Hotline newsletter by clicking here:

The crazy $6 trillion Bernie budget. The nuclear strategy of backdoor gutting the filibuster. The hand waving about crisis while the virus rapidly fades. What’s it really all about?

Yesterday Delaware Sen. Chris Coons (the erstwhile “bearded Marxist”) walked out of a meeting with President Joe Biden and said that there’s no bill without the one true must-have: a blue state bailout.

It’s not because state and local revenue is down. In fact — thanks to booming stock and real estate prices, revenues are at record highs. This is courtesy of our friend Dan Clifton at Strategas:

But Democrats in states that were fiscal trainwrecks long before COVID smell opportunity, a chance to get federal taxpayers to pay for their lavish union pensions and post-employment health benefits and the rest of their chronic overspending. This is an attempt to nationalize the trillions of dollars of obscenely generous public employee pensions.

We wonder how red-state Democratic senators like Jon Tester of Montana, Joe Manchin of West Virginia, and Kyrsten Sinema of Arizona to name a few, feel about their taxpayers funding the California and Illinois pension disasters?

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1 comment

  • Correct and right to the point. The trick is to keep my funding pension obligations from the US Treasury. The only positive glint on the horizon is that if the Federal government is bailing out thepension funds it can use the Supremacy Clause (probably later) to enact “reforms”. Probably a pipe dream–but we should have seen this coming.

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