Sunday, March 10, 2019

Under De Blasio/Ocasio-Cortez Progressive style leadership New York City is edging toward financial disaster, experts warn

New York never got such a warning after 20 years of Giuliani-Bloomberg leadership.
  But, in just short of 8 years under Democrat Mayor Bill de Blasio who shares in the same progressive views as Alexandria Cortez, NYC get this warning?  How many times does it have to be said when progressive thinking hits the real world of managing government, disaster follows every time.      

NY Post reports New York City is careening closer to all-out financial bankruptcy for the first time since Mayor Abraham Beame ran the city more than 40 years ago, experts say.

As tax-fleeced businesses and individuals flee en masse, and city public spending surges into the stratosphere, financial analysts say Gotham is perilously near total fiscal disaster.

Long-term debt is now more than $81,100 per household, and Mayor de Blasio is ramping up to spend as much as $3 billion more in the new budget than the current $89.2 billion.

More here

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