Posted on 08/30/2020 6:03:10 PM PDT by george76
Mayor de Blasio is set to send out layoff notices Monday, but trimming the city workforce won’t come close to addressing the ginormous fiscal and economic challenges ahead.
Consider the July jobless figures out last week: 15.9 percent statewide, 20 percent (one of five workers) in the city. In The Bronx, 25 percent were jobless, a rate last seen during the Great Depression.
New York’s numbers are far worse than those for the nation, which saw only 10.2 percent of employees off the job. And don’t blame it all on COVID: Last week, the state was posting the third-lowest number of new cases per capita — 22 per 100,000...
Do blame Gov. Cuomo and Mayor de Blasio for their endless, bizarre, non-science-based COVID rules, particularly in the city: Indoor dining is still banned, theaters closed and even gyms can’t open until Wednesday. All despite scant COVID.
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rioting, homeless encampments, surge in violence and general lawlessness, and it’s no wonder hundreds of businesses remain closed, some never to reopen — leaving thousands without work.
The economy’s collapse, meanwhile, deprives the city, state and MTA of enormous tax and fare revenue, popping multibillion-dollar holes in their budgets.
Yet both Cuomo and de Blasio seem to want to keep the economy down, as they fantasize about a federal bailout — and, in the mayor’s case, borrowing billions and saddling future generations with debt. (Sadly, at least one of the leading candidates to replace him, Speaker Corey Johnson, is on board the borrow-it-all train.)
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The most effective budget fix? Get the economy going. Fast. Allow indoor dining. Crack down on crime to make businesses safe. Don’t raise taxes — lower them.
Yes, COVID remains a threat. But it’s no longer New York’s biggest worry. The economy is. Focus on that.
(Excerpt) Read more at nypost.com ...
I wish on them the same fate
I should have said 2020.
Most of upstate is red but gets outvoted by deep blue downstate. The states need an electoral college for state and local elections, especially in the major cities on the coasts.
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