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McConnell Calls for State Loans as Part of Stimulus Plan

Not sure how this is going to fly with Democrats (read: it’s not), but Senate Minority Leader Mitch McConnell (R-Ky.) took to the chamber floor today and, in

Rian Mcconnell
News
Last updated: Jul 31, 2020 | Jan 06, 2009

Not sure how this is going to fly with Democrats (read: it’s not), but Senate Minority Leader Mitch McConnell (R-Ky.) took to the chamber floor today and, in the middle of a long speech about the importance of bipartisan cooperation in confronting the sunken economy, suggested that the hundreds of billions of dollars expected to go to states as part of an enormous stimulus bill come in the form of loans.

From McConnell’s prepared remarks:

Congressional Democrats have talked about sending hundreds of billions of dollars to the states. If we loan these funds, rather than give them away, states will be far less likely to spend it frivolously. And the taxpayer would have greater assurance their money is well spent.

No word on how states, which are furiously cutting services in the face of enormous budget shortfalls, would be expected to pay back these loans afterward (short, of course, of cutting services). In this context, McConnell’s words sound less like a gesture of bipartisanship than they do a warning to Democrats to cave to GOP demands.

Rian Mcconnell | Rian is a Villanova University graduate who was born in DuBois, Pennsylvania. He graduated from Thomas Jefferson University in Philadelphia with a medical degree. His residency was at Thomas Jefferson and its associated Wills Eye Hospital, and he finished his education with fellowships in cataract and corneal surgery at the University of Connecticut. He has a vast experience in ophthalmic surgery, with a focus on cataract surgery, corneal transplantation, and laser refractive procedures. He serves on the board of Vision Health International, an agency that provides eye care and surgery to indigent patients in Central and South America, in addition to his surgical practice.

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