As is my custom I won’t comment on the results of the New York elections. Whom New York voters choose to represent them is none of my business.
I will comment on one thing. If New York City’s fiscal policies create a crisis, don’t ask taxpayers in the other forty-nine states to rescue it. New York voters are entitled to make their own choices but they’re also responsible for the consequences.
The same applies to New York State. Don’t bail it out, either. Money is fungible. A state bailout can become a city bailout by another name.
