Deep blue New York City looking at bankruptcy after a five-year socialist wallow

[rangerrebew]

March 10, 2019
Deep blue New York City looking at bankruptcy after a five-year socialist wallow
By Monica Showalter

Ready to go back to the 'Shattered' era, New York? The old 'drop dead' epoch and 'fun city' times?

Looks like that's what's on the cards, based on this New York Post report, warning that the socialist-led city is in dire danger of bankruptcy if there's an economic downturn:

    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.


Read more: https://www.americanthinker.com/blog/2019/03/deep_blue_new_york_city_looking_at_bankruptcy_after_a_mere_fiveyear_socialist_hog_wallow.html#ixzz5hs4loMo6
 

[dfwgator]

I can see the headline now:

Trump to City: Drop Dead

[sneakypete]

No problem. NYC is controlled by wealthy leftist celebrities. I am sure they will be more than happy to put their money where their mouths are,and to use their mega-millions to "keep the dream alive".

And that ain't even counting the mega-millions and even billions controlled by some NYC investment banks and Hollywood studios.

I am almost positive people like Clooney,Soros,etc,etc,etc would be more than happy to start driving a Chevy Volt and live in a studio apartment in order to free up cash to support "The City" and it's population of thieves,grifters,welfare cheats,illegal aliens,etc,etc,etc.

[LMAO]

 It makes politicians look and feel charitable when they can promise freebies to everyone. The problem is all that “free” promises have to be paid for and it runs into a difficulty called mathematics

[To-Whose-Benefit?]

Keep charging stuff you can't afford, and you will end up with pile of maxed out credit cards.

[Smokin Joe]

It makes politicians look and feel charitable when they can promise freebies to everyone. The problem is all that “free” promises have to be paid for and it runs into a difficulty called mathematics

Or, as Maggie Thatcher said, " ...sooner or later you run out of other people's money."

[To-Whose-Benefit?]

Or, as Maggie Thatcher said, " ...sooner or later you run out of other people's money."

"Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it."

Thomas Sowell