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The Consequences of a Federal Bailout for the States

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Synopsis

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 whet