Liberal Forum

ROG62 » 03 Feb 2026, 5:36 pm » wrote: ↑

03 Feb 2026, 5:36 pm

Mamdani – New York City Facing Financial ‘Crisis’...
New York City Mayor Zohran Mamdani is already facing a classic Democratic Socialist problem: He’s run out of other people’s money. According to Mamdani, NYC is “facing a serious fiscal crisis” thanks to a $12 billion budget deficit that he blames on his predecessor, Eric Adams.

 Mamdani accused Adams of underbudgeting “essential” government services such as rental assistance, shelter, and special education, creating budget gaps that “were consistently and intentionally understated.” The mayor said he and his team expected to inherit a “grim” fiscal situation – but that didn’t stop the far-left politician from campaigning on several pricey promises, including free city buses and city-owned grocery stores with low prices.

New Yorkers need not worry, though, because Mamdani has a solution that is sure to surprise no one: higher taxes.

And to that, NY guvna Hochul responded...

“I have said, and the news flash may be to you if you haven’t heard me, we are not raising taxes in the state of New York. We are not raising taxes for the sake of raising taxes, so he will continue to say what he needs to say, and I’ll continue to say what I want to say,” 

That’s bad news for the mayor: The tax increases he so desperately wants would require approval from the state legislature and the governor.

And it gets even better...

Former Mayor Adams didn’t take Mamdani’s blame lightly, slamming the Democratic Socialist for promising “a laundry list of ‘free’ giveaways to buy votes, with no plan to pay for them.”

 “Now that the math doesn’t work, instead of owning the fact that he misled New Yorkers, he’s blaming me. Let’s be clear: I left him over $8 BILLION in reserves. This is the same Mamdani who spent years attacking me for not spending enough during the migrant crisis,” Adams wrote on X. “The only reason those reserves exist is because I ignored him and his socialist comrades who demanded we blow billions more with no guardrails. ‘Free’ isn’t free. It’s just a bill someone else has to pay.”

 https://www.libertynation.com/mamdani-n ... ial-crisis

it looks to be over as the starting bell waits to be wrung...