COVID - What Does That Mean for State and Local Budgets?

Companies are getting a billion dollars or many hundreds of millions of dollars in subsidies to do something they quite likely would have done anyway. What does that do in terms of like voters expectations becoming sort of anesthetized against these very large chunks of money just flowing directly to private entities from the state? It's dangerous enough that we're having a really bad, historically bad year. The real danger is that everything in history implies that they're going to try to make this the new normal," he says.