NY is hemorrhaging cash — but de Blasio, Cuomo, unions refuse to face reality

NY Post ^ | August 29, 2020 | Post Editorial Board

[ocrp1982]

Most of their budget is in state and city pension obligations. My wife and I live in a Gulf Coast gated waterfront and canal front community. The people in this community are upper-middle class. Business owners, doctors, lawyers, etc...we have several neighbors from NYC whose husband and wives pensions and SS combined rival or exceed what we who work make. They brag about this fact.
If the state and city of NY/NYC continue down this path those exorbitant pensions will be in extreme jeopardy.

[Bonemaker]

History repeats itself.

[dfwgator]

The Dow down 12 was a skid?

Different times.

[Spktyr]

You forgot “Spend money.”

[Patriot_MP]

Let it die - let it crumble -— those morons voted those idiots into office — let them reap the rewards of communism!

[shanover]

Sorry to say,these a-holes are not actually the most significant problem. The bigger problem are those that WILL keep them in power and those who don’t vote/don’t care.

[Chickensoup]

I am thinking that all public pensions need to be rolled into the ss system. No one in the government should be making better pensions than the local citizens.

[RedMonqey]

"NY is hemorrhaging cash — but de Blasio, Cuomo, unions refuse to face reality"

How's that "driving out conservatives and their tax money" working out for ya, Mr. Cuomo?

Maybe you can invite them back for a spaghetti supper or a drink?

That should get them back....

[Secret Agent Man]

Thats why they raise taxes!!!!

[tenthirteen]

NYS Police and Fire pension has over 200 billion in it. Give cannot touch it..only the comptroller. NYC pension is separate, and will crash. NYS Police and Fire is prolly #1 in country.

[tenthirteen]

Give- Gov

[Dilbert San Diego]

$0.15 for the newspaper back then? Wow.

[reformedliberal]

Pelosi and Biden will ride to rescue with planeloads of Federal cash in 2024
__________________
They are both somewhat older than me. Neither has a guarantee of being above ground, competent mentally or still in any level of power in 4 years.

And they know that.

[lgjhn23]

They both have blood on their hands and both should have already been arrested, charged and jailed. Especially Cuomo for what he did to those poor innocent elderly folks in those nursing homes. He’s one evil SOB and a mass murderer right up there with Pol Pot, Stalin, etc.

[wetgundog]

Citizens, Put New York State in play. What have you got to lose? Higher taxes, Crime, Corruption in Albany, State Over regulation, Closed businesses, Rioting and looting, Etc.

Vote Red for once. Remove Every DemoRAT.

[wjcsux]

My dad was a WW2 veteran who was born and raised in NYC. He told me about watching the Empire State Building going up and going to Yankee games. He also witnessed the crash of the Hindenburg.
He said that New York was a great place to grow up.

[Paul R.]

Business owners, doctors, lawyers, etc...

Wouldn't those be private pensions?

Granted that some ex gov't types have pretty juicy pensions too.

[VideoDoctor]

NY is hemorrhaging cash - but de Blasio, Cuomo, unions refuse to face reality

The TURDS are circling the bowl and they think they're enjoying a swim at the Country Club!

Some souls are just DESTINED to learn the HARD WAY.

[Rockingham]

Cuomo and de Blasio both assume that Biden will win and that the Dems will have full control of Congress. They will then get a massive federal bailout that cures their budget ills for a decade or more. If Trump wins, they still expect that a bailout will proceed because of Trump's real estate holdings there and the impact of NY and NYC debt downgrades on the municipal and state bond markets throughout the country. The key point will be the severity of any reforms and conditions imposed on NY and NYC finances. At the worst, the near-certainty of continuing Dem House control gives Cuomo and de Blasio confidence in their position.

[joma89]

I trust all the democrats in nyc who voted in their current mayor are financially suffering.

They all deserve what they get from the leftist, antifa supporting government they elected.

JoMa