Cuomo Rubbishes The Senator McConnell Idea To ‘Let States Go Bankrupt’

Cuomo Rubbishes The Senator McConnell Idea To ‘Let States Go Bankrupt’

Governor of New York Andrew Cuomo and has been in the news recently. On Thursday he talked about senator Mitch McConnell after the senator supported the fact that day should let the states get bankrupt due to the coronavirus pandemic.
“This is one of the really dumb ideas of all time,” NY Governor said about McConnell’s comments.  “You will see a collapse of this national economy” if states such as New York and California declare bankruptcy, Cuomo said. “So just don’t.”

Cuomo completely disagreed with the senator’s comments even though his state has been the worst-hit state in the United States. Cuomo is previously also criticized the Federal Government and Congress for not providing efficient funding to his state to cover the large costs incurred due to due to the pandemic.

“The entire nation is dependent on what the governors do to reopen,” Cuomo said at the press conference. “But then you’re not going to fund the state government? You think I’m going to do it alone? How do you think this is going to work?”

“You want to see that market fall through the cellar? Let New York declare bankruptcy,” Cuomo added.

“I would’ve insisted that state and local funding is in this current bill,” Cuomo said at the press conference, “because I don’t believe they want to fund state and local governments. And not to fund state and local governments is incredibly short-sighted.”

It must be noted that in order to fight coronavirus President Trump announced a 2 trillion-dollar economic relief package in late March.

“They want to fund small business, fund the airlines, I understand that, but state and local government funds police, and fire, and teachers and schools,” Governor Cuomo said.

“How do you not fund police and fire and teachers and schools in the midst of this crisis?” he said. “When you don’t fund the state then the state can’t fund those services.”


Ayushman Rajawat

He is a passionate S.E.O Content Writer, Editor and an aspiring Chartered Accountant. His fields of interest and knowledge are Finance, Economy, Business, Politics, Fashion and Hollywood.

Ayushman Rajawat

He is a passionate S.E.O Content Writer, Editor and an aspiring Chartered Accountant. His fields of interest and knowledge are Finance, Economy, Business, Politics, Fashion and Hollywood.

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