Governor Mark Sanford appeared with Neil Cavuto today to talk about bailouts for the states. He’s against the idea, as he should be. When asked about a bailout for California, he wondered why the rest of the country should pay for their out of control spending.
Governor Sanford (SC) along with Governor Rick Perry (TX) wrote an op-ed for today’s Wall Street Journal outlining their reasons for opposing state bailouts.
Our Founding Fathers were clear and deliberate in setting up a system whereby the federal government would only step in for that which states cannot do themselves. An expansionist federal government of the last century has moved us light-years away from that model, but it doesn’t mean that Congress can’t learn from states that are coming up with solutions that work.
In Texas and South Carolina, we’ve focused on improving “soil conditions” for businesses by cutting taxes, reforming our legal system and our workers’ compensation system. We’d humbly suggest that Congress take a page from those playbooks by focusing on targeted tax relief paid for by cutting spending, not by borrowing.
If only people thought that way here in good ol’ New York. Sigh…..
