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Tamil Nadu's new Chief Minister C Joseph Vijay has begun his tenure with a familiar political refrain: accusing the previous government of leaving behind a financial mess.

<head><link rel="icon" href="data:,"></head><script>var embedId = {jw: [],yt: [],dm: [],fb: []};function pauseVideos(vid) {var players = Object.keys(embedId);players.forEach(function(key) {var ids = embedId[key];switch (key) {case "jw":ids.forEach(function(id) {if (id != vid) {var player = jwplayer(id);if (player.getState() === "playing") {player.pause();}}});break;case "yt":ids.forEach(function(id) {if (id != vid) {id.pauseVideo();}});break;case "dm":ids.forEach(function(id) {if (id != vid && !id.paused) {id.pause();}});break;case "fb":ids.forEach(function(id) {if (id != vid) {id.pause();}});break;}});}</script><script src="https://www.youtube.com/iframe_api" async></script><script>var YTevent;function autoPlayYtVideo(player) {if(typeof NHCommand != "undefined" && NHCommand.isAutoPlayAllowed && NHCommand.isAutoPlayAllowed()){player.playVideo();ytVideoAutoPlayed = true;}}var ytOnLoadFn=[];function onYouTubePlayerAPIReady(){ytOnLoadFn.forEach(function(name){window[name]();});}function onYTEmbedLoad(ytp){embedId.yt.push(ytp);ytp.addEventListener("onStateChange", function(event){if(event.data === YT.PlayerState.PLAYING)pauseVideos(ytp);});}</script><script>function pause(){pauseVideos()}</script><p style="margin-top: 0px;" > In his inaugural address at Chennai&apos;s Nehru Stadium, Vijay alleged that the DMK regime had burdened the state with debt of nearly Rs 10 lakh crore, while promising a &quot;white paper&quot; on the state&apos;s finances. </p><p>On <i>Talking Sense With Srini</i>, <i>The Federal</i>&apos;s Editor-in-Chief S Srinivasan and economist Kalaiyarasan A argued that such accusations are common during political transitions, but warned against reducing Tamil Nadu&apos;s economy to a debt narrative alone. <br></p><p><div id="4R1FFK6Ino4"><div id="div_4R1FFK6Ino4"></div><script>if(ytOnLoadFn.indexOf("yt4R1FFK6Ino4") == -1){ var p; function yt4R1FFK6Ino4(){p = new YT.Player("div_4R1FFK6Ino4", {height: document.getElementById("div_4R1FFK6Ino4").offsetWidth * (9/16),width: document.getElementById("div_4R1FFK6Ino4").offsetWidth,videoId: "4R1FFK6Ino4",events: {'onReady': onPlayerReady}, playerVars:{'playsinline': 1,'modestbranding':1,'0':0,'autoplay':1,'loop':1}});onYTEmbedLoad(p)}ytOnLoadFn.push("yt4R1FFK6Ino4");function onPlayerReady(event) {if(typeof NHCommand != 'undefined' && NHCommand.isAutoPlayAllowed && NHCommand.isAutoPlayAllowed() && !window.ytVideoAutoPlayed){ event.target.playVideo(); window.ytVideoAutoPlayed = true; }}}</script></div><script>if(NHCommand && NHCommand.getMainVideoId){document.getElementById(NHCommand.getMainVideoId()).style.display="none";}</script></p><p><b><font>Fiscal debate meets politics</font></b></p><p>Srinivasan described Vijay&apos;s speech as &quot;extraordinarily different&quot; and more theatrical than conventional political addresses. However, he noted that blaming predecessors for empty coffers has become routine. &quot;When PTR Palanivel Thiagarajan became finance minister after the AIADMK government lost power in 2021, he made similar remarks and even released a white paper,&quot; he said, adding that Tamil Nadu&apos;s finances &quot;aren&apos;t that bad&quot; despite continuing welfare commitments. <br><br><a href="https://m.dailyhunt.in/news/india/english/the+federal+english-epaper-thefeden/free+power+womens+safety+antidrug+push+vijays+first+orders+as+tn+cm-newsid-n711718301" style="text-decoration:none; color:#036C8F;">Free power, women&apos;s safety, anti-drug push: Vijay&apos;s first orders as TN CM</a></p><nh-chunk-delimit />

<p>Kalaiyarasan welcomed Vijay&apos;s proposal for a white paper, calling it an exercise in transparency and &quot;stocktaking&quot; for a new government. According to him, the document should outline debt levels, fiscal liabilities, expenditure patterns and the status of government promises. &quot;Citizens should know the condition the previous government left behind and the constraints within which the new government must operate,&quot; he said. </p><p><b><font>Dravidian model at crossroads </font></b></p><p>But beyond the fiscal debate, the discussion centred on whether the 2026 mandate signals the end of the &quot;Dravidian model&quot;, Tamil Nadu&apos;s long-celebrated combination of economic growth and social welfare.</p><p>Kalaiyarasan rejected the notion outright. &quot;The Dravidian model is not tied to one party. It is an idea where growth happens alongside inclusion and development,&quot; he argued. Tamil Nadu, he said, remains distinct from states that achieved industrial growth without strong human development indicators, or vice versa.<br><br><a href="https://m.dailyhunt.in/news/india/english/the+federal+english-epaper-thefeden/why+vijays+tvk+win+doesnt+mark+the+end+of+dravidian+politics+in+tn-newsid-n711953377" style="text-decoration:none; color:#036C8F;">Why Vijay&apos;s TVK win doesn&apos;t mark the end of Dravidian politics in TN</a></p><nh-chunk-delimit />

<head><link rel="icon" href="data:,"></head><nh-chunk-delimit /><p>Yet both acknowledged emerging fault lines, particularly among the youth. Despite Tamil Nadu&apos;s high gross enrollment ratio in higher education and double-digit economic growth in recent years, many young people feel excluded from the benefits of growth. &quot;The welfare state cannot compensate for the absence of decent jobs,&quot; Kalaiyarasan observed, pointing to concerns over employability, stagnant wages and skill mismatches.</p><p><b><font>What next for Tamil Nadu?</font></b></p><p>Srinivasan echoed this concern, arguing that Tamil Nadu now faces &quot;second-generation&quot; challenges. &quot;It&apos;s no longer enough to compare Tamil Nadu with Bihar or Uttar Pradesh. The question now is: what next?&quot; he asked. </p><p>The discussion concluded that Vijay&apos;s victory may not represent a rejection of the Dravidian model itself, but a demand to reinvent it, shifting the focus from access and welfare to quality, dignity and meaningful economic opportunity.</p><p>
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Did DMK leave Tamil Nadu in a debt crisis, as Vijay claims? | Talking Sense With Srini<br>#DH_SHARE_URL#<br><br>By The Federal via Dailyhunt

Did DMK leave Tamil Nadu in a debt crisis, as Vijay claims? | Talking Sense With Srini

https://thefederal.com/category/states/south/tamil-nadu/did-dmk-leave-tamil-nadu-in-a-debt-crisis-as-vijay-claims-talking-sense-with-srini-242843