Mitch McConnell Is Not, We Repeat, Not In Trouble…
How are we so sure? Here’s why: $2.35.
$2.35 is the amount McConnell’s home state of Kentucky receives back in federal money for every $1.00 it pays in to the federal government, in taxes, etc. That’s according to a report by the Rockefeller Institute of Government from earlier this year. It’s the highest return for any state except Virginia. And of course Virginia is going to be the highest, because it borders on Washington, D.C., so it’s chock full of U.S. government workers who are getting paid with federal money. So really, of all the “normal” states, Kentucky’s return is the best.
Update: according to the Hill, McConnell is bringing a billion dollars of federal funds to his state of Kentucky as part of the most recent budget that just passed. And since then, McConnell, who’s up for election next year, has been going around asking people in his state this question: “In what way would Kentucky have been better off without any of these items that I put in the year-end spending bill?”
Let’s put it another way: if you had a $1,000,000 equities portfolio, and your money manager turned it into $2,350,000 in one year, and then continued to do that every year, why would you ever fire that person? Or even more simply: if you handed someone a dollar bill and they just turned around and…
