California keeps talking about how "solvent" it is but Newsom never mentions that the state is behind by between $200 and $900 billion in its payments to the retirement funds for government workers. That number is probably higher now since the stock market has gone down.
Illinois is so bad that at one point last year, and it could be worse today, it hadn't paid $5 billion that it owes to various people.
New York, despite having amazingly rich people--average salary is >90K a year--, is $137 billion in debt.
The simple reality is that Democrats like Newsom spend money they don't have to buy votes. Newsom for example is providing free health care to illegal aliens.
But now those Democrats are running out of other people's money to spend. Hard working people are fleeing California and Illinois further reducing the amount of money ever increasing tax rates can squeeze out of the residents of those states.
So what is Pelosi doing? She's going to steal from the residents of fiscally responsible states like Texas to prop up the dishonest Democrats in Illinois and New York.
If the people of Democrat run states have to suffer the consequences of Democrat politicians mismanagement they'll be less likely to vote Democrat in the future.
Democrat policies can seem compassionate and good in the short term but always end up being bad and harmful in the long run. But if we let Pelosi bail out the Democrats with money our grandchildren will have to pay back it will just be like giving a junkie or a wino money rather than a meal; the bad habits will continue until the whole country runs out of money and collapses like Greece did.
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