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No Federal Bailout for New York Justified

September 15, 2020 By Richard C. Young

Left: New York Governor Andrew Cuomo, speaking in Schenectady, NY. November 29, 2016. Photo courtesy of HUD. Right: NYC Mayor Bill de Blasio speaks to the Connecting NYCHA Conference on December 16, 2016. Photo courtesy USHUD.

Debbie Young writes today (abridged):

Mayor de Blasio’s response (to the NY disaster he has created) has been to threaten the wealthy with higher taxes.

“To restore city services and save jobs, we need long term borrowing and a federal stimulus—we need these leaders to join the fight to move the City forward.”

Governor Andrew Cuomo has fought against raising taxes. This week, however, he threatened to impose them if “Washington doesn’t bail out the state.”

 

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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