They are assuming that the Federal will bail their Pension funds out. They always have.
That was basically what the 2020 election was all about, getting a lock on Congress so the wealth of the red states could be used to bail out the blue.
They actually would be bailing out Mamdani, so he would live to bail out the pension funds again. Somebody(s) needs to take this guy out behind the barn & give him a working over he won’t soon forget.
Most Vulnerable Persons (MVP’s)
When it comes to the Socialists, they promised the world, but then when the tax revenue people run away, they turned to the easiest next target. That is always the middle class and government pension holders. Every blue state should remember than.