New York City is inching closer to financial bankruptcy for the first time in over four decades as experts warn officials of massive public spending and decreased tax revenue as wealthy residents flee to other cities across the country.
“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,” reports the New York Post.
“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,” adds the article. “Mayor Bill de Blasio is ramping up to spend as much as $3 billion more in the new budget than the current $89.2 billion.”
“The city is running a deficit and could be in a real difficult spot if we had a recession, or a further flight of individuals because of tax reform,” added a leading economist. “New York is already in a difficult financial spot, but it would be in an impossible situation if we had any kind of setback.”
Read the full report at the New York Post.
DE BLASIO’S DELUSION: NYC Mayor Bizarrely COMPARES Himself to Gandhi, Edison
Hyper-liberal Mayor of New York City Bill De Blasio went on a self-delusional tirade while commenting on his failed liberal agenda, bizarrely comparing himself to world-renowned leaders and innovators such as Thomas Edison and Mahatma Gandhi.
According to Politico, De Blasio was defending his left-wing policies and agenda when he launched into his bizarre rant; adding that his much-maligned policies that have failed to gain traction in the nation’s biggest city may work on a national scale.
“I want to talk to anyone who thinks that and tell them they need to start thinking more,” said the mayor. “I mean, give me a break. So every time someone tries something and it doesn’t work, it invalidates anything else they might do going forward?”
“Tell Thomas Edison that, and Henry Ford, tell Mahatma Gandhi. How many people fell on their faces along the way trying things, experimenting with things, had setbacks? There’s no leader who hasn’t had setbacks.”
De Blasio’s recent visit to Iowa and other prominent events is raising serious questions over whether the New York politician is planning to enter the national political arena. The Big Apple Mayor easily cruised to re-election this month in New York, defeating Republican challenger Nicole Malliotakis by a margin of 66% to 28%.
DE BLASIO'S DISASTER: NYC ENRAGED after Mild Storm Causes CHAOS, Calls for Mayor to Resign
Big Apple residents raged at New York City Mayor Bill de Blasio’s tepid response to a mild autumn snow storm Thursday night; with commuters sitting in gridlocked streets for up to 12 hours as roughly 3 to 6 inches of snow fell on the region.
Locals fumed at city officials Thursday evening and Friday morning while de Blasio feverishly deflected criticism; claiming “bad luck” and a series of poor weather forecasts threw the nation’s largest city into chaos.
“I’m tired, hungry, running out of gas and patience, I have to use the bathroom, I’m still stuck in traffic BUT I’m safe!” wrote a Democratic councilwoman on social media. “Only God to thank for that because of the HORRIBLE response to today’s snowstorm! This is beyond ridiculous and completely UNACCEPTABLE! Just terrible!”
I’m tired, hungry, running out of gas and patience, I have to use the bathroom, I’m still stuck in traffic BUT I’m safe! Only God to thank for that because of the HORRIBLE response to today’s snowstorm! This is beyond ridiculous and completely UNACCEPTABLE! Just terrible!
— Vanessa L. Gibson, MPA (@Vanessalgibson) November 16, 2018
“Somebody dropped the ball. No way a few inches of slush should bring the greatest city in the world to its knees,” added another council member.
Manhattan Port Authority last night pic.twitter.com/dL9hTy6UzY
— evan (@Theevanpt) November 16, 2018
Read the full report at the New York Post.
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