Follow BeltwayBlips on Twitter
Don't Bail Me Out Bro:
The Volokh Conspiracy —
South Carolina governor Mark Sanford writes in the WSJ that the federal government should not bail out state and local governments pinched by the current economic crisis. Whatever one's view of the financial bailout measures enacted thus far, Sanford argues, allocating additional funds to state and local governments rewards behavior, such as unconstrained spending increases, and will do little to improve economic conditions. He also notes that a bailout would reward fiscally irresponsible states (e.g. California, which nearly doubled state spending in ten years) at the ...
Sanford: Don’t bail me out, bro!
Hot Air » Top Picks —
... Mark Sanford has an unusual request, at least these days, in his Wall Street Journal column over the weekend. He asks the federal government not to bail out South Carolina, the state he governs. Sanford probably feels comfortable that his request will be granted, since states run with prudence and responsibility are the ones that will get ignored anyway: I find myself in a lonely position. While many states and local governments are lining up for a bailout from Congress, I went to Washington recently to oppose such bailouts. I may be the only governor to do so. But I ...
Economy in the 'Tweens
Pundits Blog —
... rise in light and descend to darkness. This year the descent starts. Forty million people were born within the same few months shortly after World War II. They have likewise already bought all their stuff. This year, the 62nd post-war year, they begin to tap into Social Security. Another 40 million are right behind us. We will need Medicare and Medicaid and we expect it as a birthright. Medicaid grew 9.5 percent annually over the past 10 years and South Carolina Gov. Mark Sanford says that's unsustainable. And if Congress opens the checkbook now for all these bailouts, there ...
South Carolina Governor: No Bailout For Me, Please
Say Anything —
... South Carolina Governor Mark Sanford had an interesting column in the Wall Street Journal of the weekend in which he asked the federal government not to bailout his state. But what he has to say about the community bankers in his region to illustrate his point about bailing out fiscally irresponsible states is more interesting to me: ...
SC Gov. Mark Sanford to Feds: Drop Dead!
Hit & Run —
... unloaded truckloads of sugar in a vain attempt to sweeten a lake. Tossing in a Twinkie will not make the difference. However, there is something Congress can do: free states from federal mandates. South Carolina will spend about $425 million next year meeting federal unfunded mandates. The increase in the minimum wage alone will cost the state $2.6 million and meeting Homeland Security's REAL ID requirements will cost $8.9 million. Read the whole thing in the Wall Street Journal (for free). Watch the July 2008 CNN interview that might has cost the ...
Maintaining Effort
Matthew Yglesias —
... I’d go further than Matt on this subject and observe that states have significant control over some of the “automatic stabilizers” that he’s attributing to the federal government (e.g., Medicaid, SCHIP and transportation programs); without some new assistance, states may not only counter-act the “automatic stabilizers” but could actually subvert them. That’s clearly what some Republican governors like Mark Sanford have in mind when they call for abolition of federal “mandates” rather than federal assistance: let us completely ...
James Clyburn’s (D-SC) ‘Stimulus’ Clause Unwittingly Provides Gov. Mark Sanford (R-SC) with Perfect Political Cover
RedState: Conservative News and Community —
Last November, South Carolina Governor Mark Sanford (R) took to the pages of The Wall Street Journal in an effort to publicly repudiate the ongoing talk about states increasing personal and national debt by accepting multi-billion dollar bailouts from Washington.
In an op-ed titled “Don’t Bail Out My State,” Sanford wrote:
I find myself in a lonely position. While many states and local governments are lining up for a bailout from Congress, I went to Washington recently to oppose such bailouts. I ...
Mark Sanford Bails Out
The American Spectator —
... on 2.19.09 @ 6:08AM Last November, South Carolina Governor Mark Sanford took to the pages of the Wall Street Journal in an effort to publicly repudiate the ongoing talk about states increasing personal and national debt by accepting multi-billion dollar bailouts from Washington. In an op-ed titled " Don't Bail Out My State ," Sanford wrote: I find myself in a lonely position. While many states and local governments are lining up for a bailout from Congress, I went to Washington recently to oppose such bailouts. I may be the only governor to do so. But I suspect I'm not ...
