https://www.wsj.com/articles/dont-reward-states-bad-decisions-11588026132?mod=opinion_lead_pos5
Congress has taken significant action over the past two months to address the unprecedented economic crisis brought on by the coronavirus pandemic.
We’ve pumped hundreds of billions of dollars into the health-care system, significantly boosted unemployment insurance that directly helps those who have lost their jobs, created a loan program to help small businesses, and provided funding to reimburse states and local governments for coronavirus-related expenses.
There’s more Congress can do, but one thing we absolutely shouldn’t do is shield states from the consequences of their own bad budgetary decisions over the past few decades.
The debate began last week when Majority Leader Mitch McConnell made the point plainly. “There’s not going to be any desire on the Republican side,” he said, “to bail out state pensions by borrowing money from future generations.”