... has emerged as the perfect excuse for anyone and everyone in need of additional funds or a full-blown bailout to come begging for some generosity. Unfortunately for insolvent US states, they may be too late to get a piece of the bailout pie because as Senate Majority Leader Mitch McConnell, said Wednesday, he is open to allowing states to declare bankruptcy - rather than sending governors more federal money to deal with their own ballooning deficits. Because after $10 trillion in fiscal and monetary funds was allocated to bailout mostly America's rich in just the past month, somehow states don't quite cut it.

McConnell made the comments on "The Hugh Hewitt Show" amid a growing chorus of state governors imploring the federal government for urgent fiscal help and congressional Democrats seeking to work with the Trump administration to provide it. McConnell, instead, said he "would certainly be in favor of allowing states to use the bankruptcy route," an option that is not currently available to them - as he called for a "pause" in such aid from Washington.

"I mean, we all represent states. We all have governors regardless of party who would love to have free money," McConnell said in response to a question on what the federal government should do to help states in tricky financial situations. "And that's why I said yesterday we're going to push the pause button here, because I think this whole business of additional assistance for state and local governments need[s] to be thoroughly evaluated."