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January 20, 2011

Read My Lips: No New Bailouts Of The States

So annouceth Republican leaders.

Here's Monty's take:

Many states, especially California and Illinois, are still depending on the "deux ex machina" method of dealing with their fiscal problems. And as I've said on many occasions, when your fiscal plans depend on "then a miracle happens!" as a cornerstone, you are well and truly boned.

Note to the reality-based community: Miracles don't happen.*

* Okay, if you're religious, I'll concede they might happen. But not with state finances, I think you'll agree. Although the Democrats' Miracle of the Double-Counted $500 Billion might be considered as one down in their quest for sainthood.

posted by Ace at 03:02 PM

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Here's Monty's take: Many states, especially California and Illinois, are still depending on the "deux ex machina" method of dealing with their fiscal problems. And as I've said on many occasions, when your fiscal plans depend on "then a miracle happens!" as a cornerstone, you are well and truly boned. Note to the reality-based community: Miracles don't happen.* * Okay, if you're religious, I'll concede they might happen. But not with state finances, I think you'll agree. Although the Democrats' Miracle of the Double-Counted $500 Billion might be considered as one down in their quest for sainthood. posted by Ace at 03:02 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Axeman: "More important, at their hefty price, are EVs bein ..." Thomas Bender: "@29 >>If Electric cars were so great, wouldn't ..." TheJamesMadison, being witty and sophisticated with Ernst Lubitsch: "33 Remind me again which section of the constituti ..." 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