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Davis: No federal bailout for Illinois

SEPTEMBER 11, 2020 | by John Godfrey | THE ALTON TELEGRAPH (ILLINOIS)

Letter to the editor by John Godfrey, includes “… All debtors, except one, must increase free cash flow to reduce debt. This is achieved by (a) taking in more or (b) spending less. Exception: the federal government, which has (c) the option to debase the currency. For politicians to employ (a) or (b) to reduce federal debt is to invite voter wrath at higher taxes or less government largess. For option (c), liberal politicians can blame wicked corporations for raising prices and champion working families by enacting price controls. …”

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