Articles

New York Is in Trouble

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"The state Legislature wants to tax and spend its way to a recovery.

New York City has been the incubator for artistic, commercial and financial achievement. It has welcomed millions fleeing poverty and dictatorship around the world. It has never been in serious trouble until now.

The fiscal crisis of 1975 was a case simply of the city borrowing money to cover its operating expenses, accumulating a lot of debt when the banks stopped lending, and ultimately needed federal help to pay off its debt. Culture and commerce weren’t meaningfully affected."

Read More: https://www.wsj.com/articles/new-york-is-in-trouble-11617723185?mod=opinion_lead_pos10

By meme.crusade April 07, 2021

New York is facing serious difficulties! High unemployment , residents are unable to pay housing rents and leaves the city! Not enough is $ 6 million allocated for Congress to the city to improve the situation!
Raising property incomes and other taxes for successful New Yorkers will ruin them too!

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