Mamdani’s deficit math is nothing short of a cheap – Latest News
In workplace much less than two months, Mayor Mamdani is already taking Gotham back to the unhealthy outdated days of Funny Money.
In a transfer reminiscent of the Seventies fiscal disaster, Mamdani declared final week that town’s projected deficit of $12 billion over the subsequent 18 months had fallen to $7 billion.
Do you consider in magic?
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With a straight face, the mayor mentioned he and town comptroller agreed on a new financial forecast that included seemingly tax income from Wall Street bonuses, tapping metropolis rainy-day reserves and what he oddly labeled an “aggressive posture on savings.”
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So then, he doesn’t need to raise taxes, proper?
Not in your life. He mentioned he nonetheless needs the state to let him hike levies on high earners and firms, saying it’ll make town more “affordable.”
He didn’t need to say for whom. That’s as a result of “affordable” is Socialism converse for “freebies for me, but not for thee.”
