Gov. Andrew Cuomo admitted Monday that the Empire State could run out
of state funds to pay unemployment benefits to New Yorkers should the coronavirus pandemic continue to ravage the economy.
“No, that’s why federal government has to provide funding, we don’t
have money,” he told reporters during his daily briefing in Albany.
“It depends on how many people moving forward asks for unemployment
benefit and how long it goes on, but it’s in the billions of dollars.”
New York has paid out $3.1 billion in unemployment benefits since
March 9 and April 22, as over 1.4 million individuals have submitted applications for unemployment benefits, according to the State Department of Labor.
Meanwhile state budget officials reported in a new analysis that the
recession caused by COVID-19 could be worse than the Sept. 11 attacks
and the Great Recession of 2008.
The state economy stands to lose $243 billion directly tied to losses from the pandemic, according to the State Division of Budget.
Didn't this guy just have a meeting with the President? Somebody needs to get in Mario and Matilda's son's face, call him on his bullshit and tell him to find that money. Kind of like this: