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New York City Comptrollers published similar concerns [1]. I suppose you could apply your point equally to NYC these days :-)

1. https://comptroller.nyc.gov/reports/letter-to-spacex-re-ipo-...



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With their balanced budget and no social services cut?


What "balanced budget?" Mamdani got a massive bailout from the state of New York, and deferred pension payments.

It's classic third worldism, made possible by a low-information electorate that not only can't do the math, but lacks instinctual skepticism of the idea of a free lunch. Chicago went down the same path, and found that these gimmicks work until they don't.


YES, remember who they elected in NYC :)


It's pretty surprising considering all the bums they've elected over the previous few decades.


A mayor who balanced the city’s budget.


the balance heavily relies on a mix of state bailouts and new tax revenues


Increasing taxes is a textbook method of balancing government budgets.




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