re: #297 windsagio

I’m curious, does anybody offhand know of cases of the Feds actually bailing out states? Only thing I can think of is NY in the ’70s and I thought the Federal Gov’t specifically refused to help them.

They send a fair amount of money to state and local governments (about a third of the stimulus bill was just that, to allow states to get through the recession with fewer layoffs/reductions in services), but I can never recall an outright bailout.

We save those for banks.