[ April 25, 2024 ]
Gotham faces an existential long-term economic challenge — yet Mayor Bill de Blasio refuses to act accordingly. On the contrary, he seems to be enjoying destroying it.
NYC’s new lease signings nosedive as residents clear out
New report details jump in vacancies across the island – from downtown to Northern Manhattan
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Just as it should be opening up to summer and life, New York is shutting down due to looters and vandals. @kith at 337 Lafayette had emptied its shelves for coronavirus lockdown, then boarded itself up, now is building a fort. Not good. pic.twitter.com/r6xW0wHXvB
— Nick Gillespie (@nickgillespie) June 2, 2020
Madison Avenue boarded up
🤔 City still not safe #nyc #NewYork #ny1pic #uppereastside #nyclooting #askmymayor #bigbird #deblasioResign #ny1pic pic.twitter.com/cjYnMlEltC— Linda Santangelo (@Lindasantangel1) June 8, 2020
Bill de Blasio is refusing to face NYC’s existential crisis
New York City started to reopen last week, already itching to reach the next phase; the local economy at last has a chance to start bouncing back. But the grim truth is that Gotham faces an existential long-term economic challenge — yet Mayor Bill de Blasio refuses to act accordingly.
Yes, Hizzoner admits the city faces a fiscal crisis, with the pandemic and lockdown costing $9 billion in revenue over two years. Yet his “solution” so far is little more than to demand a federal bailout and more borrowing authority from Albany. He won’t even acknowledge the long-term crisis.
Even before the riots and looting socked businesses here, the city faced a dire future: Its entire model for prosperity is in doubt, as Nicole Gelinas has warned in The Post. With virus fears remaining, and recent experience showing the possibilities, many commuters may keep working from home, outside the city. Employers may move out, too — especially with looting a recent memory yet the political class focused on restricting the NYPD.
That would only worsen a pre-virus glut of office space and further hurt businesses, like restaurants and retail, that depend on them.
Statewide, it may be worse: Last month, Empire Center fiscal expert E.J. McMahon said New York faced “an economic catastrophe of historic proportions.”
Despite all this — and with just weeks left before the July 1 budget must be set — de Blasio has said little (and done less) to address the looming fiscal nightmare, as revenue tied to the economy sinks.
Though he now foresees a $9 billion gap, his April plan nonetheless would increase city-funded spending. And while private-sector workers suffer pay cuts and job losses, de Blasio plans to boost the city headcount through 2024, even after swelling it 10 percent (30,000 jobs) since taking office.
Plus, he wants Albany to let him borrow $7.4 billion to cover expenses — precisely the kind of thing that led Gotham to near-bankruptcy in the ’70s. Fiscal watchdogs are stunned: The city hasn’t taken “sufficient action to reduce expenditures, which is necessary before borrowing,” cautions Citizens Budget Commission President Andrew Rein. The group just released several better ideas to stem the bleeding:
• Trim the municipal workforce by 9,000 positions, leaving it still larger than before the financial collapse of 2008 and saving nearly $1 billion a year.
• Ask employees to chip in more for their health care and to ease work rules.
• Use more general reserve funds to close out-year gaps.
De Blasio’s goal may be to squeeze by until he steps down next year, but if he leaves the city facing a fiscal doomsday, he can be sure history won’t take kindly to it.
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38 Comments
3 years ago
They voted him in now they have to live with it. Don’t bring your liberal butts down here.
3 years ago
Reply to
Square Grouper
I recently found out that he won by a 37% ‘ish vote. The ticket was so split that he won. But he doesn’t have the support of the majority of the city’s residents. Majority voted against him.
3 years ago
Reply to
felix1999
This 2 party system is pretty crumby too. Short of every citizen being involved in civics and holding the elected officials accountable, I think every system sucks. Everything is corruptible and our democracy feels like a farce on the federal and state level. They don’t even try to hide it anymore.
3 years ago
Bill DeBlasio (born: Warren Wilhelm II, never forget) . ordered gates at a park in a Jewish area welded shut to keep Jews out despite simultaneously watching numerous mass gatherings of BLM looters, arsonists, and rioters
3 years ago
Reply to
taxpayer22
Not having anywhere to send the kids also destroys business. Parents can’t just leave them at home. Especially not these days. Hands are tied every which way.
3 years ago
Reply to
felix1999
It’s also bad for their physical health and social skills. My youngest kids are the worst off from this. They forgot how to play with friends.
3 years ago
Reply to
ruthy k
When they yap about “social distancing,” it is far more insidious than they make it out to be. It is about alienating people from each other; breaking the bonds of family, community, friendship and humanity; turning everybody into pod people; and instilling a lifelong fear of human contact (haphephobia), fear/paranoia/suspicion/mistrust of others, and fear of just plain living. Nobody pushing this could care less about the damage as you’ve hinted at.
3 years ago
Reply to
taxpayer22
Yes, of course – but the NYC electorate put this bum, this POS into Gracie mansion not once – but twice!
Time to destroy, almost, the school system – or what’s left of it, the police department, the prisons, and finally, the economic solvency of the city.
Oh, did I leave out the endless graft for his contributors, and the corruption of the NYC Dept. of Investigation?
How about the one-billion dollars that disappeared without a trace for his crackpot wife’s “mental health outreach?”
Of course, then there’s the insistence on “social distancing” for religious Jews – and no one else.
How to explain all this?
Let’s recall the great selling point for this mayoralty – wait for it: His bi-racial son had an “Afro!”
And the wanna-be Koch figure, the Jewish candidate, was caught (twice) texting images of his genitals – the second time to a minor.
Weiner, DeBlasio, Nadler, Schumer, Engel, and lately, Ocasio-Cortes – these are the political elites of NYC politics.
The only surprise in all this is that the damage isn’t more extensive – yet.
3 years ago
He wants NYC to economically collapse but some how found money to give Muslims free delivered halal meals! Need I ask, where is Cuomo? He can displace him or over rule him. Cuomo seems to want it too.
3 years ago
Reply to
felix1999
Hypocrisy and identity politics it’s what’s for breakfast, lunch and dinner in the dem0rat world.
3 years ago
“Mayor Bill de Blasio refuses to act accordingly. On the contrary, he seems to be enjoying destroying it.”
Lenin:
“You cannot do anything without rousing the masses to action. ”
“You cannot make a revolution in white gloves.”
“The suppression of the bourgeois state by the proletarian state is impossible without violent revolution.”
“Dictatorship is rule based directly upon force and unrestricted by any laws. The revolutionary dictatorship of the proletariat is rule won and maintained by the use of violence by the proletariat against the bourgeoisie, rule that is unrestricted by any laws.”
…
“We do not have time to play at ‘oppositions’ at ‘conferences.’ We will keep our political opponents… whether open, or disguised as ‘nonparty,’ in prison.”
“Those who are opposed to armed uprising … must be ruthlessly kicked out as enemies, traitors and cowards.”
————-
So to me, de Blasio looks pretty straightforward, no mystery at all. And yes, of course he is enjoying it, he is a psychopathic tyrant socialist, doing what he likes best.
3 years ago
But the ‘Voters’ LOVE Red Bill!! ….. CNN, MSNBC and other major news outlets said so!
3 years ago
Why should the fiscally responsible flyover states bankroll the f’ing NYC cuck holsters that hold them in such low esteem? Let it burn.
3 years ago
KILL BILL II is an amazing movie.
Waiting for KILL BILL III …
3 years ago
NAZI, MOSLEM lover, anti-white, anti-Semitic WARREN WILHELM is a blight on humanity, a cancer that I accuse of
knowingly, purposefully harming millions of New Yorkers, placing them on house arrest, as well as countless businesses due to his purposeful espionage, sedition, treason & attempt to overthrow the Constitutions. WW MUST be tried, convicted & executed for his purposeful high crimes, aka crimes against peace & humanity. IFF the Manhattan DA or the U.S. Attorney DO NOT bring charges then a Common Law Jury made up of jurists, legal scholars MUST be convened in which he will be found guilty as charged! Woe to WW. MOSLEM BE GONE!
3 years ago
Meanwhile Amazon is grateful to AOC for keeping them out 🙂
3 years ago
Reply to
AlgorithmicAnalyst
That was a good one. A very good comment. I’m still chuckling.
Thanks.
3 years ago
Cathy Newman with her low intellect is world famous after Peterson destroyed her.
https://twitter.com/i/statu…
“I haven’t personally met him…..”
Two brain-dead women discussing Churchill.
I suspect she feels the same way about Uncle Joe, Mao……………….
3 years ago
Admitted Communist Mayor De Blasio believes that by his in-actions he can foment in America the start of Civil war – and bring down America. The left know the only polls they look good in are Fake polls and that Trump will be re-elected. So Deblasio is all in for Chaos thinking that will somehow bring down Trump. Self Awareness has never been a strong suit for Leftist Fools in free nations
3 years ago
Why aren’t corrupt American municipalities
prosecuted under the RICO laws ?
Most especially when they are run as
criminal enterprises ?
3 years ago
” … especially with looting a recent memory …”
It isn’t a “recent memory”, it’s a daily occurrence.
3 years ago
3 years ago
Reply to
Oldhorseshoer
Isn’t Bill or William the closest translation of the name Wilhelm?
3 years ago
Reply to
MuhamMUDTheFakeProphet
His dictatorial policies clearly warrant the “Kaiser Wilhelm” appellation for him . . .
3 years ago
Reply to
Oldhorseshoer
So he took his last name as his first name when he changed his name? What a loon.
3 years ago
3 years ago
DeBlasio is a typical Democrat. Incompetent, crooked and an idiot!
3 years ago
Warren Wilhelm the second is praying that the democrats win in November, or NYC will get no money from the government. Should the President win again(and I pray he does) we could see NY, NJ, Massachusetts, Virginia, Commieforna, Oregon, Washington State and any other states that go blue in the election try to start their own little country and secede.
