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Economy

Gov. Cuomo: McConnell’s Bankruptcy Suggestion ‘One of the really dumb ideas of all time’

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Mitch McConnell

New York’s Governor Andrew Cuomo slammed Senate Majority Leader Mitch McConnell after he told FOX News’ “Bill Hemmer Reports” Wednesday that the U.S. Senate is “not interested in revenue replacement for state governments,” who he claims are trying to “take advantage” of the coronavirus epidemic by requesting assistance to pay off their rising deficits.

Cuomo called it “one of the really dumb ideas of all time” in the following Twitter thread.

“We’re interested in trying to help them with anything related to the coronavirus … [but] we are not interested in solving their pension problems and all these other things that they would like for us to finance,” McConnell told FOX News.

Prior to his interview with Bill Hemmer, McConnell told the “Hugh Hewitt Show” that he would prefer states declare bankruptcy rather than sending additional federal dollars to governors who have been begging the federal government for immediate financial assistance.

“What I’m saying is, we will take a pause,” McConnell told Hemmer. “We’re gonna wait at least until May the 4th … before we provide assistance to state and local governments who would love for us to borrow money from future generations to make sure that they have no revenue losses. Before we make that decision, we’re going to weigh the impact of what we’ve already added to the national debt, and make certain that if we provide additional assistance for state and local governments, it’s only for coronavirus-related matters. We’re not gonna let them take advantage of this pandemic to solve a lot of problems [and] bad decisions they’ve made in the past.”

McConnell’s remarks come one day after the Senate reached an agreement on an interim stimulus package that would replenish funds in the Paycheck Protection Program (PPP). At first, he planned to have the bill include funding for the PPP only, but Democrats delayed the legislation until they could add other elements to the package. Sen. McConnell did cave to some of their requests, but he kept funding for state and local governments out of the bill, which is expected to be voted on in the House of Representatives on Thursday.

For more information, visit FOX News.

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Economy

Gallup poll: GOP holds large advantage over Dems in economy, national security

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GOP

A recent Gallup poll shows Americans overwhelmingly have faith in Republicans over Democrats when it comes to the economy. In fact, the GOP “holists largest advantage on the economy in over 30 years, with 53% of Americans trusting Republicans more than Democrats on the issue” writes the Daily Caller News Foundation.

The poll holds Republicans at a 14-point lead over Democrats for handling the economy better. “The GOP scored 10 points higher on the economy than last year, marking the largest margin between the two parties since 1991.”

Gallup’s publication of the poll is titled ‘Neither Party Well-Liked, but GOP Holds Advantage on Issues.’ It may not be a shock that “The two major political parties remain unpopular in the U.S., with 56% of Americans viewing the Republican Party unfavorably and 58% saying the same of the Democratic Party” but the GOP holds “historically ample leads.”

“Fifty-three percent of Americans believe the Republican Party will do a better job of keeping the country prosperous over the next few years, whereas 39% choose the Democratic Party.”

“A slightly larger majority, 57%, have greater faith in the Republican Party to protect the country from international terrorism and military threats, while 35% favor the Democrats.”

 

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