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The COVID-19 debt burden on future generations is clearly alarming

SEPTEMBER 8, 2020 | by Tom O’Mara | THE CHRONICLE-EXPRESS (NEW YORK)

Op-ed by Tom O’Mara, includes “Prior to the onset of the COVID-19 pandemic … the state comptroller pegged the state’s total debt load at approximately $65 billion. … The comptroller predicted this debt load would reach nearly $72 billion over the next several years … By the end of the State’s 2021–2022 fiscal year … taxpayers would be on the hook for more than $8 billion a year just to service the state’s existing debt—not reduce the debt, remember … That was before COVID-19. …”

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