Opinion | Waiting for the Biden Bailout

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American employees and companies have needed to lower their spending for weeks amid the pandemic, however in America’s most spendthrift states the message is: What, me fear? Home Speaker Nancy Pelosi has a plan to bail them out, and if she fails Joe Biden will ship in 2021.

Take California, the place Democratic leaders in Sacramento this week rejected Gov. Gavin Newsom’s plan for price range triage that included a $14 billion spending lower, suspension of union raises, plus a 10% pay lower for state employees. Mr. Newsom additionally known as for a $4.4…

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