New York State of Mind…Dumb!

Chris critiques Kathy Hochul's $252 billion New York State budget, highlighting absurd spending decisions like $13.5 million to tell kids not to use phones in class and $80 million to repair a staircase at the Capitol. With $36,000 spent per public school student and skyrocketing debt, Markowski calls out the reckless spending and the cronyism fueling it. Is it time for New Yorkers to say enough? www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
You know New York's state of mind dumb? Yeah, great
song by Billy Joel, But again, yeah, the New York
state of mind is dumb, dumb, dumb, dumber, dumbest. Kathy
Hokel just put out a budget for the State of
New York two hundred and fifty two billion dollars, and
I'm going to do my little doctor evil. Okay, two

(00:38):
hundred and fifty two billion dollars. Let me tell you
how dumb Kathy Hokl is they have. The State of
New York is indebted, to say the least. But while
she's indebted, she wants to also have a rainy day fund. Kathy,
here's an idea. Rather rather than starting a rainy day fund,

(00:59):
might you want to pay down your existing debt. Oh,
it gets crazier over here in New York thirteen point
five million dollars for schools to tell kids not to
use their cell phones in class. I just didn't do
I'll do it for one hundred bucks. I just did
it thirteen point five million to tell kids not to

(01:22):
use cell phones in class. Oh, by the way, you
know what they're spending per student in the state of
New York schools thirty six thousand dollars a student. Public
schools thirty six thousand dollars per student. Here's another great

(01:44):
one too, And I said, I got to pick on
New York from time. That's where I'm front. And then
we'll go up to where my hometown grew up, Albany,
New York. This staircase, oh, it's a pretty staircase, New
York State capital. Pretty staircase. It's been broken for some time.
It's been broken for some time. They proposed fixing it
many years ago, and the price was out of control.

(02:07):
You know what it is to fix the steps, fix
the steps? Eighty million dollars. I want you to get
your arms around that. Eighty million dollars to fix a
stair case. Now, this is great if you're tied in
to Kathy Hockel and the Democrats in New York and
you get all sorts of free money for doing nothing.

(02:29):
But again, this is a recket This is how government works.
They just take taxpayer dollars and they give it to
their friends. I don't live there anymore. Thank God, I
don't live there anymore. But at what point in time
are you people going to eventually be fed up with
all this nonsense? Watchdog on Wallstreet dot com