NYC Mayor Bill de Blasio appeared on CNN Wednesday threatening that he will have to start laying off essential first responders, and health care workers if the city doesn’t receive federal stimulus funds to fill budget gaps caused by the coronavirus pandemic.
De Blasio revoltingly stated on CNN’s “New Day”:
“Right now what I’m staring down the barrel of, and cities and states all over the country, people are either acting on furloughs and layoffs or preparing for furloughs or layoffs of the exact people who have been the heroes in this crisis who we should be celebrating and supporting — first responders, the health care workers, the educators,”
“How are we going to support these people who we need if we don’t have any money?” de Blasio asked.
The mayor has previously said that cuts to the municipal workforce were a last resort.
This smacks as a not-so-subtle threat to President Trump to bailout the mismanaged New York City, who, as we reported months ago, was on the verge of declaring Bankruptcy due to de Blasio’s and the Democrats utter financial mismanagement.
NYC’s Moronic Mayor went on to whine:
“I’ve lost $7.4 billion already and my economy can’t come back until I get that stimulus and get back to normal and provide those basic services. It’s a real Catch-22 — no stimulus, no recovery, no revenue, it only gets worse,”
President Trump told The New York Post in an exclusive interview on Monday that cash-strapped states run by Democrats, such as New York, shouldn’t expect a bailout because it would be unfair to Republicans.
Unlike what the Democrats and the Mainstream media have been spewing. President Trump is all for reimbursing city’s that lost money due to the Coronavirus lockdown.
What the President and Senate Majority leader Mitch McConnell are against is bailing out Democrat run city’s such as Los Angeles, New York, and Chicago who are looking for the Federal government to bail them out of decades of unfunded pension’s and other city debt that has been kicked down the road for decades.
New York City’s budget is larger than the budget of 42 states.
Over a year ago, well before the Coronavirus pandemic, NYC was already staring at bankruptcy due to their moronic Mayor and the Democrats insane spending habits.
- Under de Blasio New York City spending was up 32 percent since taking office, triple the rate of inflation.
- New York City’s budget has expanded by some $20 billion, and is expected to total about $93 billion for the 2020 fiscal year.
- Over the past 5-years, amidst talk of bankruptcy, de Blasio added about 35,000 employees to the city payroll, each entitled to free health care, courtesy of the taxpayer.
- The city’s long-term pension obligations have escalated beyond control
- New York state — and city — are ranked No. 1 nationwide in state and local tax burden.
- Property taxes, account doe almost half of New York City’s revenue, and are rising faster than any other revenue source.
- Property taxes, and and de Blasio’s ‘Green New Deal’ fiasco are forcing business to relocate to lower-tax states.
- The top 1 percent of New York City earners pay some 50 percent of Big Apple income tax revenue.
Peter C. Earle, an economist at the American Institute for Economic Research stated in March 2019, “New York City could go bankrupt, absolutely.”
De Blasio Plays The Blame Game
In January 2019, de Blasio cried, “we have some tough choices up ahead under any scenario” due to a $935 million drop in tax revenue. Yet that didn’t stop him from proposing a budget that increases spending by another $3 billion in the next fiscal year.
De Blasio blaming President Trump for not bailing out New York City, is just a continuation of him playing the blame game.
In 2019, well before the Coronavirus reared it’s ugly head, de Blasio was placing the blame on everyone except himself:
- Blamed a volatile stock market and looming budget cuts from Albany for some of the fiscal uncertainty.
- De Blasio said NYC budget deficits were largely due to the Trump’s tax reform.
- Whined Cuomo, and New York state is egregiously shifting $600M in cuts & cost to NYC.
In May 2019 de Blasio launched his imbecilic run for President by stating:
“There’s plenty of money in this country, it’s just in the wrong hands.”