The Consequences of a Federal Bailout for the States

As lawmakers debate over a bailout for the states, Jonathan Williams, the chief economist and executive vice president of policy at the American Legislative Exchange Council, has a warning for states.

"Strings that come with these federal dollars oftentimes outlive the federal dollars, as we've found out with the last time we had a bail out of the states during the Obama era," Williams says. "And I think it's just a dangerous precedent to set that the states would look to the federal government to be their solution for problems that they are well-equipped to handle themselves."

He joins The Daily Signal Podcast today to talk about why should states say no to a federal bailout, if federal bailouts affect states' rights and sovereignty, if federal bailouts potentially affect tax rates, and much more.

We also cover these stories:

• United States intelligence are maintaining that the coronavirus was "not man-made or genetically modified, however U.S. intelligence also announced that they will be investigating whether the virus originated in a lab in Wuhan, China.
• Another 3.8 million Americans filed for unemployment last week according to the Department of Labor’s Thursday report.
• President Donald Trump says that former national security adviser Michael Flynn is “essentially exonerated” after documents have been opened in his case.

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