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Religion & Law

: Constitutionally Correct

House GOP leader says no federal bailout of states

By Alliance Alert

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Associated Press: "House Majority Leader Eric Cantor, R-Va., told reporters Monday that he believes states already have the tools they need to ease crushing budget deficits since they can cut spending, raise taxes and pressure public employee unions to renegotiate pension benefits. As a result, he said, he opposes letting states declare bankruptcy because he said they don't need that power."

Full post as published by Constitutionally Correct on January 24, 2011 (boomark / email).

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