March 19, 2019 By Gary Gindler
Accounting published a report about the financial condition of the 75 largest cities of America. As it turns out, 63 out of 75 cities in America were not able to pay bills at the end of the fiscal year of 2017.
The final result of this study was the calculation of the burden borne by taxpayers in these American cities. The formula is simple: the financial balance of the city (positive or negative) is divided by the number of inhabitants. The result is a good assessment of how effectively the city authorities work, depending on the positive or negative financial balance of the city per capita.
Let us start with the most financially strong cities...............
It should be noted that in addition to financial collapse, socialists, communists, social democrats, and democratic socialists of New York City chose an additional (and unusual) method of self-extinction and losing political control over the city.
As it is known, abortion is allowed in New York City until the very moment of birth.
Also, many young people who have gone through schools of political indoctrination (formerly known as "colleges" and "universities") refuse to have children because of "fear of the consequences of global warming." They are not aware of the wise statement of Margaret Thatcher: "The problem with socialism is that you eventually run out of other people's money.".........To Read More