Posted on 09/29/2020 6:04:01 PM PDT by knighthawk
Including Trump.
Cuomo is pure socialist, imagine if the country needed to come up with 500 billion to bail out these poorly managed states, our taxes would skyrocket.
New York City and New York state have been sailing towards correction territory for years. The only thing that was keeping them on life-support was tourism and the financial industry.
NYC can kiss tourism goodbye. NYC is no longer safe, not because of the virus or sinking tax revenues. It is not safe because of decisions made by NYC politicians, put there by NYC residents. They cut $1billion from their police force, handcuffed law enforcement making them impotent – as crime and murder rates soar. Not to mention the riots, arson, and violence. Then of course the bail-reform rounds this perfect mess off nicely, you break the law - violent crimes, non-violent crimes - you go free and in many cases, you are not prosecuted. NYC residents don’t feel safe. Why would tourists?
The financial industry doesn’t need NYC anymore. The stock market crashed and recovered nicely without hardly anyone going to work in NYC office buildings. What does that tell you? It tells me that these highly paid traders, hedge funds and the like don’t need NYC to keep making gobs of money. Some have to leave the state because their companies left NYC. Just watch the stock exchange and financial trading server farms in NJ get moved to Texas or Florida.
NYC and NY state overplayed their hand. Most NYers are paying taxes to pay for NY state government worker pensions. Talk about wealth distribution. Every taxpayer either has to save and invest or work until their dying day to provide themselves with a pension - and in NY simple civil servant secretaries are taking home $4000 a month in pensions.
So, why should the rest of us bail out NYC or NY State?
They argue that they pay more federal taxes. Gee there are more New Yorkers in New York than Wyomingites in Wyoming. Same federal tax rates. The argument that NY companies contribute more federal tax dollars is moot – because NY state shut businesses down and chased way too many out of state while allowing small- and medium-sized businesses to die on the vine, because they will not allow them to open.
Stop whining, open up your city and state and get to work. You want tax revenue - well let people work. You want tourism – give the police the money you reallocated back and provide them with the authorities they need to effectively combat crime. And get rid of the bail reform, which is nothing more than a free-for-all for criminals.
The people who left aren’t coming back, the people who can still afford to leave are on the way out and the people left over are either super wealthy or poor. It took real talent to allow this to happen. And the people who are responsible for this mess live in NY and vote for NY politicians. NY cannot hide behind the virus anymore. The situation NY is in has more to do with poor choices than the pandemic.
If New Yorkers want the rest of us to bail it out – then please present us a plan on how you are going to live according to your means – based on today and not pre-Covid. It may shock NY politicians to know that there are a large majority other states that are doing just that – they are adapting to the new situation. And because most opened up their economies, they are going to leave NY in the dust.
(1) “We have tremendous losses because of COVID, we’re not liable for them,” Cuomo said. New York City has a $9 billion budget deficit and the state’s is $30 billion.
(2) “I’m not accepting liability,” Cuomo continued. “I’m not accepting the premise that New York City or New York State should pay.”
Translation: Cuomo: “Yes, I think federal taxes all across the country should be raised to bail out poor New York”. (New York, the home of Wall Street, home of four of the top six U.S. banks, home of the powerful New York Federal Reserve Bank)
Since the U.N. is headquartered in New York, maybe Cuomo should ask the U.N. to bail out New York, maybe citizens of France, Germany and China would agree to help out.
“Why should I have to be responsible for my mistakes?”
Well, there would be two good reasons for the federal government not paying New York City’s debts. The feds didn’t create it, everyone knows an accounting would include a lot of unfunded pension debt for city officials, and it would only allow things to continue in a downward spiral. I guess that’s three reasons & I think there’s a fourth one that I can’t recall at the moment. Do it for NYC & we’d be obligated to every other poorly run Democrat controlled city. Besides, it is absolutely un-affordable with the national debt & deficit we currently have.
“Moody’s and Standard and Poor’s could do New York State citizens a tremendous favor by reviewing the State’s financial situation as well as that of New York City’s.”
The same way they gave AAA ratings to dogshiite mortgage bond tranches in 2008? I hope not.
Cuomo is a freaking loon. Keeps his state locked down and proclaims, “IT’S NOT MY FAULT! YOU OWE ME!!”.
Tsk tsk, he’s a bit frustrated because he’s running out of Other People’s Money. That’s step 1, denial - “it’s not my problem”. I guess the widdle guy’s next step will be a temper tantrum. Step 2, anger. He’s desperately hoping nonno Biden will soon be in a position to bail him out - step 3, bargaining. When Trump wins, it will be step 4 for him, depression. Step 5 is acceptance, but somehow I don’t think that’s in the cards for Cuomo. More likely it’ll be insanity: he’ll burn the place down.
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