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Monday, November 17, 2008

No State Bailouts!




Let's say you're Ed Rendell, the free-spending Democratic governor of Pennsylvania.

You increase state spending by $7 billion in five years. You increase state debt by $3 billion in that same time frame. You promised all sorts of new jobs when you handed out billions in corporate welfare, but those jobs never materialized.

You didn't have to spend all that money. You could have returned it to taxpayers or kept it in reserve, but you went ahead and spent it anyway.

Now, the nation is in a recession and tax revenues are down. You've run up a $550 million deficit in the first four months of the fiscal year.

Now you want the federal government to step in and bail you out!!!!

Rendell isn't the only governor looking for a handout.

The National Taxpayers Union is leading a coalition of 59 grassroots organizations opposing a federal bailout of states and municipalities.

Read more below:

59 Groups Representing Millions of Taxpayers Tell Congress: No State Bailouts!

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