Opinion: Don’t bail out irresponsible politicians

Opinion: Don’t bail out irresponsible politicians

Bailouts won’t fix a mismanaged system.

  • By Ryan McKee
  • Wednesday, June 10, 2020 3:25pm
  • Opinion

Some members of U.S. Congress are using the COVID-19 crisis to justify a multitrillion-dollar bailout for the states that is only tangentially related to the pandemic. Exploiting this tragedy and legislating by crisis are not the solutions we need to get Alaskans through this emergency and help get them back on their feet.

Rep. Don Young voted against the $3 trillion House bill, calling it a “partisan wish list.” Sens. Dan Sullivan and Lisa Murkowski need to stand fast as well — especially when the states most eager for these funds have long track records of fiscal irresponsibility.

The tragic loss of life and month

s of lockdown have spelled trouble for our economy as unemployment continues to rise.

The federal government has already provided about $1.9 trillion, including more than $1 trillion to state governments, to support individuals and businesses directly affected by COVID-19.

What we’re being asked to do now, though, is different. The House bill would provide close to another $1 trillion not for response to the coronavirus, but to bail out years of unrelated overspending and bad policy decisions by politicians.

Many of us are familiar with the story of the fiddling grasshopper and the thrifty ant. In this fable, Alaska is on the grasshopper end of things.

For years, our state lawmakers have failed to get spending under control. Instead of setting priorities and making tough decisions — the essence of governing — they continue to rely on our Constitutional Budget Reserve to cover short-term deficits.

According to the Department of Revenue Projections, the remaining CBR amount is expected to be down to just about $500 million by the end of next year because the state has routinely pulled money out to help cover its deficit and support its spending addiction.

As grim as our situation may be, Alaska’s fiscal mistakes are ours and ours alone. Other states should not be on the hook for our failure to rein in spending.

It’s up to us to fix this problem, and it starts with making better decisions and setting priorities.

Encouraging our state delegation to say “no” to bailouts is a good first step.

Alaska is not alone in our economic woes. Many other states asking for bailouts have also failed to curb spending and get their budgets in order.

Illinois’ budgetary problems have been infamous for years. The mismanagement of the state’s pension program for government employees is well-documented, but officials have made no substantial effort to fix the problem.

Illinois spends almost double the national average on its pension program. It accounts for 25 percent of the state’s annual general revenue expenditures.

In addition to the money the state has already received from the federal government, the Illinois’ Senate Democratic Caucus has asked for $40 billion more. State Senate President Don Harmon was even so bold as to request that $10 billion of those funds go toward sustaining the pension system.

This is not responsible spending, and taxpayers in other states should not foot the bill for Illinois’ bad choices — or Alaska’s.

While our state is in no position to lecture other states about their fiscal problems, our legislators can use this as an opportunity to lead the way by standing on principle.

Bailouts won’t fix a mismanaged system. They just make things worse by prolonging the day of reckoning and rewarding bad behavior.

Handing out another $3 trillion in borrowed money would burden today’s taxpayers and increase the load on future generations to pay for problems created years and even decades before the COVID-19 crisis began.

House Speaker Nancy Pelosi has described this bailout plan as a way for Congress to “think big.” Make no mistake: There is nothing bold or innovative about forcing taxpayers in fiscally responsible states to pay for the mistakes of other states’ irresponsible politicians.

We urge our elected officials to say “no” to more federal bailouts.

• Ryan McKee is state director of Americans for Prosperity-Alaska, a grassroots organization promoting limited government and free market principles.

Columns, My Turns and Letters to the Editor represent the view of the author, not the view of the Juneau Empire. Have something to say? Here’s how to submit a My Turn or letter.

More in Opinion

Web
Have something to say?

Here’s how to add your voice to the conversation.

Win Gruening. (Courtesy photo)
Opinion: Ten years and counting with the Juneau Empire…

In 2014, two years after I retired from a 32-year banking career,… Continue reading

U.S. Sen. Dan Sullivan, R-Alaska, addresses a crowd with President-elect Donald Trump present. (Photo from U.S. Sen. Dan Sullivan’s office)
Opinion: Sen. Sullivan’s Orwellian style of transparency

When I read that President-elect Donald Trump had filed a lawsuit against… Continue reading

Sunrise over Prince of Wales Island in the Craig Ranger District of the Tongass National Forest. (Forest Service photo by Brian Barr)
Southeast Alaska’s ecosystem is speaking. Here’s how to listen.

Have you ever stepped into an old-growth forest alive with ancient trees… Continue reading

As a protester waves a sign in the background, Daniel Penny, center, accused of criminally negligent homicide in the chokehold death of Jordan Neely, arrives at State Supreme Court in Manhattan on Monday, Dec. 9, 2024. A New York jury acquitted Daniel Penny in the death of Jordan Neely and as Republican politicians hailed the verdict, some New Yorkers found it deeply disturbing.(Jefferson Siegel/The New York Times)
Opinion: Stress testing the justice system

On Monday, a New York City jury found Daniel Penny not guilty… Continue reading

Members of the Juneau-Douglas High School: Yadaa.at Kalé hockey team help Mendenhall Valley residents affected by the record Aug. 6 flood fill more than 3,000 sandbags in October. (JHDS Hockey photo)
Opinion: What does it mean to be part of a community?

“The greatness of a community is most accurately measured by the compassionate… Continue reading

Pete Hegseth, President-elect Donald Trump’s nominee for defense secretary, at the Capitol in Washington on Monday, Dec. 2, 2024. Accusations of past misconduct have threatened his nomination from the start and Trump is weighing his options, even as Pete Hegseth meets with senators to muster support. (Kenny Holston/The New York Times)
Opinion: Sullivan plays make believe with America’s future

Two weeks ago, Sen. Dan Sullivan said Pete Hegseth was a “strong”… Continue reading

Dan Allard (right), a flood fighting expert for the U.S. Army Corps of Engineers, explains how Hesco barriers function at a table where miniature replicas of the three-foot square and four-foot high barriers are displayed during an open house Nov. 14 at Thunder Mountain Middle School to discuss flood prevention options in Juneau. (Mark Sabbatini / Juneau Empire file photo)
Opinion: Our comfort with spectacle became a crisis

If I owned a home in the valley that was damaged by… Continue reading

(Juneau Empire file photo)
Letter: Voter fact left out of news

With all the post-election analysis, one fact has escaped much publicity. When… Continue reading

The site of the now-closed Tulsequah Chief mine. (Michael Penn / Juneau Empire file photo)
My Turn: Maybe the news is ‘No new news’ on Canada’s plans for Tulsequah Chief mine cleanup

In 2015, the British Columbia government committed to ending Tulsequah Chief’s pollution… Continue reading

The Alaska Psychiatric Institute in Anchorage. (Alaska Department of Family and Community Services photo)
My Turn: Rights for psychiatric patients must have state enforcement

Kim Kovol, commissioner of the state Department of Family and Community Services,… Continue reading