NY Gov Calls McConnell’s State Bankruptcy Bill a Dumb Idea

Angered by Republican Senator Mitch McConnell’s move to pass a bill for states to declare bankruptcy, NY Gov. Cuomo called it the dumbest idea ever.

Actually, McConnell made his remarks in connection with his and other Republican allies’ refusal in giving financial aid to Democratic States. Rather than receive bailouts coming from the $2.2 trillon coronavirus relief fund approved by Congress, McConnell wants states with steep shortfalls consider declaring bankruptcy while facing the Covid-19 crisis.

The Republican Senate leader referred to Democrats, who after pushing to spend tens of billions of dollars in helping residents in their states, namely in California, New York and Illinois, are now banking on financial aid coming from the stimulus fund in addressing their shortfalls. His statement appeared under a press release captioned as “Stopping Blue State Bailouts.”

McConnell, who apart from being senator of Kentucky is also the senate majority leader, whilst branding himself as the grim reaper of Congress. He stated the controversial remarks in response to an interview conducted by radio host Hugh Hewitt.

According to news sources, McConnell’s statements have fueled bipartisan backlash from several state governors.

NY Governor Lashes Back

In his Friday briefings about the present state of the Covid-19 crisis in New York, Gov. Andrew Cuomo (D) berated McConnell’s support of a bill that will force states to declare bankruptcy during the ongoing pandemic crisis. Apart from calling the passing of the bill as a “really dumb idea,” the NY Governor dared McConnell to pass the law, saying

“Your suggestion, Sen. McConnell, pass the law, I dare you to do that.” “Then go to the president and ‘say sign this bill that allows states to declare bankruptcy.’ …”I dare you to do that if you want to send a signal to the markets as well as send an international message that the U.S. economy is in turmoil.”

NY Republican Representative Peter T. King came out with a tweet last Wednesday, calling McConnell’s suggestions and remarks “shameful and indefensible,” whilst branding McConnel as the Marie Antoinette of the U.S. Senate.”

Republican New Hampshire Governor Chris Sununu came out with a press statement in which he called McConneell’s statements ridiculous because it means allowing a state to go bankrupt, and forego all the programs and benefits that a state has to institute, manage and operationalize for citizens.

  • FEC Takes Note of Republican Rep. Boebert’s Misuse of Campaign Funds for Personal Expenses
    New filings with the Federal Election Commission (FEC) reveal that Republican U.S Rep. Lauren Boebert used campaign funds in paying her utility and rent bills. Although Bobebert filed a subsequent report to the FEC last Tuesday showing the Congresswoman replaced the $6,650 worth of campaign spent for personal bills it does not change the fact […]
  • Financial Investments: Offshore Capital Investment
    The world of financial investments is sometimes irritating. On the one hand, laws strive for transparency and investor protection in detail. At the higher level, however, there is often a huge problem. Only when it comes to finding clearly conceptualized products or types of investment straight away. Offshore capital investment with many facets Anyone interested […]