Deep blue New York City looking at bankruptcy after a five-year socialist wallow

March 10, 2019 By Monica Showalter

Ready to go back to the 'Shattered' era, New York? The old 'drop dead' epoch and 'fun city' times?

Looks like that's what's on the cards, based on this New York Post report, warning that the socialist-led city is in dire danger of bankruptcy if there's an economic downturn:

New York City is careening closer to all-out financial bankruptcy for the first time since Mayor Abraham Beame ran the city more than 40 years ago, experts say. As tax-fleeced businesses and individuals flee en masse, and city public spending surges into the stratosphere, financial analysts say Gotham is perilously near total fiscal disaster. Long-term debt is now more than $81,100 per household, and Mayor de Blasio is ramping up to spend as much as $3 billion more in the new budget than the current $89.2 billion...........

Bill de Blasio has been spending up a storm as the socialist mayor of New York City, and with every expansion, driving out another piece of the productive sector. Instead of jobs expanding, welfare has expanding. And residents are fleeing. Amazon, after all, got chased out, thanks to his fellow socialist, Rep. Alexandria Ocasio-Cortez, a move that is going to cost the city a pretty penny in lost tax revenue. Nice work, socialists...............To Read More.....