NYC has the elected representation they deserve.
NYC has the elected representation they deserve.
That's the thing about communism. Eventually you run out of other peoples money.
Archive: https://archive.today/VVCbD
From the post:
>Fury is mounting as New York City drifts closer toward the same fiscal traps that have crippled Detroit, Chicago and even Puerto Rico. It comes after Mayor Zohran Mamdani began exploring a controversial plan to delay billions in pension payments as City Hall scrambles to plug a growing budget hole. The proposal - now under discussion with state officials - would allow the city to push back retirement contributions into its vast municipal pension system, freeing up at least $1 billion in the next fiscal year. But critics warn the move amounts to little more than kicking the can down the road. It would swap short-term relief for a far bigger bill later, and risk problems that have pushed big cities to crisis in the past.
That's the thing about communism. Eventually you run out of other peoples money.
Archive: https://archive.today/VVCbD
From the post:
>>Fury is mounting as New York City drifts closer toward the same fiscal traps that have crippled Detroit, Chicago and even Puerto Rico.
It comes after Mayor Zohran Mamdani began exploring a controversial plan to delay billions in pension payments as City Hall scrambles to plug a growing budget hole.
The proposal - now under discussion with state officials - would allow the city to push back retirement contributions into its vast municipal pension system, freeing up at least $1 billion in the next fiscal year.
But critics warn the move amounts to little more than kicking the can down the road. It would swap short-term relief for a far bigger bill later, and risk problems that have pushed big cities to crisis in the past.