No. of Recommendations: 7
“Hochul helped pile $37K of debt on every New Yorker — and the bill’s coming due”
LM, thank you so much for your concern about the financial health of New York.
But you needn’t worry.
My work experience consisted of working with numbers. One thing I learned early on was that numbers by themselves are meaningless. You need something to compare them to.
For example, that’s why financial statements always include other numbers to compare them to; 2025 results versus 2024 results or comparing actual numbers to forecasted numbers.
When you compare the ratio of NYS debt to NYS GDP for example, NYS ranks as the 3rd best ratio by state. Yes, we have a lot of debt, but we have a lot of GDP, too.
Our healthcare is very good, our educational system is top notch, and our life expectancy is in the top 5.
We’re not perfect, but we’re ok, so please don’t worry about us.
In fact in my community, we have a terrible discrepancy in wealth between the inner city and suburbs. I’m proud to say I am on the Board of Directors of a non-profit that focuses on remedying that. We care about all our neighbors.
I’m New York born and bred. I love it here, for all its faults. I expect my ashes will start out being spread here as well, hopefully in my garden, and very hopefully not for many, many years.