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re: Mamdani inherited a $12 Billion budget deficit and already has it to zero.

Posted on 5/14/26 at 4:50 pm to
Posted by Victor R Franko
Member since Dec 2021
3457 posts
Posted on 5/14/26 at 4:50 pm to
This Mamdani guy, did he work in the aggy athletic finance department?
Posted by Mo Jeaux
Member since Aug 2008
63665 posts
Posted on 5/14/26 at 5:16 pm to
quote:

I own a business. I am losing 1 million a year. I tell my shareholders I’m going to raise prices by 1 million dollars and will be a ok….that is basically how he balanced a budget.


There’s a good chance that your shareholders would like that.

A better analogy here would be that you were projected to lose 1 million dollars this year, but you’ve been able to mitigate that with a combination of tax refunds, cost cuts, and deferred payments such that you won’t lose any money.
Posted by Rip Torner
Member since Jul 2023
2279 posts
Posted on 5/14/26 at 5:41 pm to
Deferring payments isn’t saying money boy wonder, that debt still exists
Posted by Roaad
White Privilege Broker
Member since Aug 2006
83975 posts
Posted on 5/14/26 at 5:42 pm to
quote:

Mamdani inherited a $12 Billion budget deficit and already has it to zero.
Didn't he JUST get bailed out by the State
Posted by The Boat
Member since Oct 2008
177303 posts
Posted on 5/14/26 at 5:47 pm to
This is one of those tests where if you believe this you need to be taken out back and put down.

Be sure to give us an update in 4 years.
Posted by tigerfoot
Alexandria
Member since Sep 2006
61433 posts
Posted on 5/14/26 at 6:17 pm to
quote:

There’s a good chance that your shareholders would like that.
oh, they’ll love it. But it wont happen. Just like increased taxes won’t happen in any significant fashion.
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