States and cities are lining up for a bailout…
Meanwhile, Assembly Speaker Karen Bass (D-Los Angeles) on Tuesday urged the federal government to bail out states as well as banks.
“We think that with the state of California about to go over a cliff, we ought to be part of the bailout as well,” she said at a news conference. “Can we have $5 billion or $10 billion?”
Atlanta Mayor Shirley Franklin said Wednesday the city will have its employees cut their hours — and pay — by 10 percent each week to help weather an expected budget shortfall of $50 million to $60 million. The pay and hour cuts affect 4,600 city employees.
The mayor said the city needs a “federal rescue plan” in addition what it is doing.
Why shouldn’t they? It’s “free” money, right?
PS: Akston, thanks for the offer. I think we’ll take you up on it.