The Consequences of a Federal Bailout for the States

As lawmakers debate over a bailout for the states, Jonathan Williams, the chief economist and executive vice president of policy at the American Legislative Exchange Council, has a warning for states. "Strings that come with these federal dollars oftentimes outlive the federal dollars, as we've found out with the last time we had a bail out of the states during the Obama era," Williams says. "And I think it's just a dangerous precedent to set that the states would look to the federal government to be their solution for problems that they are well-equipped to handle themselves." He joins The Daily Signal Podcast today to talk about why should states say no to a federal bailout, if federal bailouts affect states' rights and sovereignty, if federal bailouts potentially affect tax rates, and much more. We also cover these stories: United States intelligence are maintaining that the coronavirus was "not man-made or genetically modified, however U.S. intelligence also announced that they will be investigating whether the virus originated in a lab in Wuhan, China. Another 3.8 million Americans filed for unemployment last week according to the Department of Labor’s Thursday report. President Donald Trump says that former national security adviser Michael Flynn is “essentially exonerated” after documents have been opened in his case. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices