Friday, January 15, 2021

Tag: SENATE MAJORITY LEADER MITCH MCCONNELL STUNNINGLY TELLS ALL 50 STATES IN AMERICA IT’S TIME TO DECLARE BANKRUPTCY AMID COVID-19 PLANNEDEMIC

SENATE MAJORITY LEADER MITCH MCCONNELL STUNNINGLY TELLS ALL 50 STATES IN AMERICA IT’S TIME TO DECLARE BANKRUPTCY AMID COVID-19 PLANNEDEMIC

by Geoffrey Grinder, Now The End Begins:

No state has defaulted on its debts since the Great Depression and even after the last recession only a handful of cities went bankrupt, since governments have broad ability to raise taxes. “I would certainly be in favor of allowing states to use the bankruptcy route,” Senate Majority Leader Mitch McConnell said Wednesday in a response to a question on the syndicated Hugh Hewitt radio show. “It’s saved some cities, and there’s no good reason for it not to be available.”