Home > Economy > Obama Asks for $50 Billion to Bail Out States for “Emergency”

Obama Asks for $50 Billion to Bail Out States for “Emergency”

Obama Redistributes Wealth of AmericaWASHINGTON: Saturday found Obama once more pleading for additional “Emergency” money. When we at the NIP saw the headlines we thought good for him, he is pleading for money to help the embattled gulf coast. We almost didn’t pursue the story further. But no, this is not oil spill related, this is bailout money to prop up insolvent state and local governments:

President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery.

In a letter to congressional leaders, Obama defended last year’s huge economic stimulus package, saying it helped break the economy’s free fall, but argued that more spending is urgent and unavoidable. “We must take these emergency measures,” he wrote in an appeal aimed primarily at members of his own party. Lori Montgomery, Washington Post

So let’s get this straight: influence-peddling local politicians drive their local and state governments bankrupt by pushing social programs and wacky environmental projects. Faced with deficits they seek to pay for their social programs by cutting education and essential services. Then faced with this “crisis” they created by mismanagement they seek money from the Obama administration.

So financially conservative states now need to fund irresponsible states. Iowans and Texans need to send their money to help politicians prop up their administrations in California, Chicago and Detroit. This fits in well with the Progressive aim to enact social and economic justice. It’s way past time for taxpayers to quit putting up with this nonsense.

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  1. Sarah M
    June 14th, 2010 at 12:28 | #1

    The map says it all. And as the local officials try what they might to stop obnoxious panhandlers in cities such as San Francisco or New York, their entire state is effectively panhandling at the expensive of the rest of America.

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