Running Out of Other People’s Money

I have zero sympathy:

Mamdani issues shock admission: NYC faces budget crisis of ‘historic magnitude’ — and begs for cash after promising freebies. Is the Big Apple cooked?

New York City is staring down a budget crisis of “historic magnitude,” one Mayor Zohran Mamdani says rivals the fallout from the Great Recession and can’t be solved with cuts alone (1).

“We are extending the executive budget deadline from this coming Friday until May 12th because a crisis of this scale cannot be solved without state action,” Mamdani said at a press conference on April 28, citing a deficit so large that it requires action beyond city hall.

Mayor Mamdani campaigned on a communist platform. The people of New York City voted for him. Now they are in the process of realizing what people have been saying in various ways for 100 years or more. Communism and socialism work fine… until you run out of other people’s money.

And, true to form, if you read the article, you will find the mayor wants help from New York state and it is not the mayor’s fault that they are billions of dollars short of having a balanced budget.

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