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New York City is Edging Toward Financial Disaster, Experts Warn
Posted on 3/10/19 at 6:31 pm
Posted on 3/10/19 at 6:31 pm
quote:
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.
“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,” said Milton Ezrati, chief economist of Vested.
“New York is already in a difficult financial spot, but it would be in an impossible situation if we had any kind of setback.”
LINK
38
Posted on 3/10/19 at 6:33 pm to RLDSC FAN
I've seen the lights go out on Broadway
I saw the Empire State laid low
And life went on beyond the Palisades
They all bought Cadillacs
And left there long ago
I saw the Empire State laid low
And life went on beyond the Palisades
They all bought Cadillacs
And left there long ago
This post was edited on 3/10/19 at 6:35 pm
Posted on 3/10/19 at 6:33 pm to RLDSC FAN
quote:
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.
Keep on keeping on, libtards!
Posted on 3/10/19 at 6:33 pm to RLDSC FAN
I don’t get why they just don’t print more money. Problem solved.
Posted on 3/10/19 at 6:33 pm to RLDSC FAN
I’ve turned down jobs there because you get crushed with a city tax on top of federal and state taxes
California is bad but at least here in San Diego I don’t get hit with a city tax
California is bad but at least here in San Diego I don’t get hit with a city tax
Posted on 3/10/19 at 6:34 pm to RLDSC FAN
See Cali and raise ya NYC for the flight of wealth 
Posted on 3/10/19 at 6:34 pm to RLDSC FAN
Imagine how screwed they'd be if we ever reined in the Fed.
Posted on 3/10/19 at 6:35 pm to RLDSC FAN
OAC will save them all with “The Grean Deal”
Posted on 3/10/19 at 6:35 pm to RLDSC FAN
Good thing amazon didn’t move there. Now they can take that $3B they were going to give them for tax breaks and re-invest it in the community
Posted on 3/10/19 at 6:36 pm to RLDSC FAN
(no message)
This post was edited on 11/16/21 at 11:01 am
Posted on 3/10/19 at 6:36 pm to RLDSC FAN
They elected a big socialist mayor, but I’m sure that has nothing to do with it. Not at all.
Posted on 3/10/19 at 6:36 pm to RLDSC FAN
Why is the government answer never "we need to tighten our belts?"
This post was edited on 3/11/19 at 5:58 am
Posted on 3/10/19 at 6:37 pm to Bestbank Tiger
imagine if we spread out arms of the federal government randomly across American
obviously DC/Nova/Marylan would be affected the most but NYC would take a major hit
obviously DC/Nova/Marylan would be affected the most but NYC would take a major hit
Posted on 3/10/19 at 6:37 pm to puse01
quote:
Sounds like they need to raise taxes on the wealthy and businesses
That's how they got here. That'll fix it though
Posted on 3/10/19 at 6:39 pm to The Funnie Five
quote:
I’ve turned down jobs there because you get crushed with a city tax on top of federal and state taxes
Did you really crunch the numbers?
Posted on 3/10/19 at 6:42 pm to SlowFlowPro
quote:
imagine if we spread out arms of the federal government randomly across American
obviously DC/Nova/Marylan would be affected the most but NYC would take a major hit
We should, just so the feds aren't in a bubble.
Interior could be headquartered in Colorado Springs, Agriculture in Omaha, HHS in Atlanta, VA in San Diego, Labor in Cincinnati, etc.
Posted on 3/10/19 at 6:43 pm to puse01
quote:Yes A LOT
Sounds like they need to raise taxes on the wealthy and businesses
Posted on 3/10/19 at 6:44 pm to RLDSC FAN
High taxes runoff the rich, states blame others
Posted on 3/10/19 at 6:44 pm to RLDSC FAN
Because my dumb arse crooked mayor does stuff like this:
LINK
LINK
quote:
Fast-forward to Wednesday, when the City Council was startled to discover that McCray and Team Thrive are closing in on having spent an eye-popping $900 million since the program’s inception — and nobody seems to have a clue on what.
Posted on 3/10/19 at 6:46 pm to RLDSC FAN
quote:
tax-fleeced businesses and individuals flee en masse
This is what will happen if the 2020 Dem candidates win and implement their large scale taxation on the rich.
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