[lowbridge]

In a twist of irony, “Big Government” Bloomberg has admitted that NYC is at the edge of a fiscal precipice.

NYC has a fiscal crisis every other year. It gets kicked down the road, the politicians pat themselves on the back for fixing the problem, a couple years later NYC has yet another fiscal crisis. Repeat. This has been going on for decades.

[Standing Wolf]

NYC has a fiscal crisis every other year. It gets kicked down the road, the politicians pat themselves on the back for fixing the problem, a couple years later NYC has yet another fiscal crisis. Repeat. This has been going on for decades.

I predict the pattern will be repeated until some self-appointed genius cooks up the brilliant idea of demanding the nation bail out New York City.

[wiggen]

Pretty sure it’s been awhile. It certainly was true in the 70’s and 80’s.