Fox’s Steve Doocy Suggests Letting Some States Go Bankrupt So They Can Cut Pensions
As several states struggle financially due to the Coronavirus, Fox News’ Steve Doocy on Thursday flirted with the idea of letting them go bankrupt. The Fox & Friends host appeared to be addressing a fast developing talking points about whether to bail out states at all.
“What Mitch McConnell was just talking about on that radio show, you know, while it may anger the state of New Jersey, the governor here, there are some who say that is actually a smart thing to do,” Doocy said.
“Because if you have another half a trillion dollars in stimulus for a lot of states, you know, if a state were to do what some cities are able to do and declare bankruptcy, they could reduce pensions.”
“Bond debt currently off limits to states. However, some cities can do it.”
Co-host Ainsley Earhardt agreed that states might not deserve to be bailed out. Following a clip featuring infamous conservative economist Art Laffer, she argued that if states were already in financial difficulty due to their governors’ decisions, they shouldn’t receive help.
“If you are in debt before because of decisions you made as a governor, should the country come in and bail you out because of Coronavirus?” she asked.
Watch the video above, via Fox News.