Pelosi: America must bailout lavish state government employee pensions in “blue” states
We at ACC have warned for years that California and other states that promised lavish and highly unrealistic pension plans to their state employees would one day look for a bailout. Well, that day has come.
House Speaker Nancy Pelosi said a “major package” of aid for state and local government will be in the next stimulus legislation considered by Congress, setting up a conflict with Senate Majority Leader Mitch McConnell who is urging a slowdown in doling out federal help.
The $484 billion aid plan set for passage by the House on Thursday is an “interim” step to mitigate some of the economic damage wrought by the coronavirus pandemic, Pelosi said Wednesday on Bloomberg Television.