Michigan Facing Estimated $3 Billion in Revenue Losses this Fiscal Year

Michigan is facing a grim outlook for the state’s economic future.

Legislators are divided over whether the crisis requires severe budget cuts or a federal bailout to fix.

Lawmakers are facing a projected $6.2 billion drop in revenue over the next two fiscal years.

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Commentary: Liberals Seek to Use Coronavirus to Bail Out Reckless Spending for State and Local Governments

Americans have come together in the fight against the invisible enemy, but this situation has been made worse by some politicians who seek to take advantage of this pandemic and our recovery while so many are suffering. President Trump has been working around the clock to slow the spread of the Wuhan virus and get the economy going again, but Nancy Pelosi and Chuck Schumer have used this crisis to push their radical socialist agenda and grow the size of government. Twice now, Nancy Pelosi held American families, workers, and businesses hostage for days by delaying relief funding in the name of securing tens of millions of dollars for the Kennedy Center, pushing her Green New Deal, changing voting laws, and growing government to advance her radical socialist agenda.

Even more recently, there have been calls to give handouts to failing state and local governments, not because of the coronavirus, but because these states have been mismanaged and run irresponsibly. The American taxpayer should not bail out state and local governments for the reckless fiscal decisions made before the coronavirus.

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Gov. Whitmer on Bankruptcy Comments: ‘It’s Outrageous for Senator McConnell to Even Suggest That’

Gov. Gretchen Whitmer said Sunday that bankruptcy is not an option for Michigan in response to comments last week from U.S. Senate Majority Leader Mitch McConnell.

Whitmer appeared on ABC’s “This Week with George Stephanopoulos” on Sunday. Stephanopoulos asked her if default was on the table for Michigan.

“No, and it’s outrageous for Senator McConnell to even suggest that,” Whitmer said. “But that’s what the matter is. Our general fund budget when adjusted for the inflation is the same size it was during – when Richard Nixon was our president. We have been incredibly smart stewards and we have not made some of the investments I think we should have as a state because of this artificially low number that we’ve been working with.”

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Two Ohio-Based Nuclear Power Plants Will Receive Bailouts Under Legislators’ New Plan

Ohio legislators revealed Monday their latest plan to save Ohio’s only two nuclear power plants from bankruptcy. As previously reported, FirstEnergy Solutions, a subsidiary of FirstEnergy that manages several power stations across the Midwest, announced that it was closing all three of the nuclear plants it owns and operates throughout the region. Two…

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