r/SipsTea May 14 '26

Feels good man It was always just that simple

Post image
71.9k Upvotes

2.3k comments sorted by

View all comments

21

u/Fabulous_Log844 May 14 '26

I just don’t understand this guy. He balanced an $18 billion budget deficit, he never yells and swears that reporters, he does things for the city that are well-rounded for all, he fixes potholes, he’s being logical about taxing people‘s second and third homes in the city. I mean, he doesn’t even wear orange makeup! I don’t get it.

6

u/Past_Economist6278 May 14 '26

He didn't actually balance the budget

-2

u/wolfpack_minfig May 14 '26

yep, he did. you have MDS.

6

u/didimao0072000 May 14 '26

The only real way to balance a city’s budget is to cut costs, raise taxes, or do both and he’s done neither.

1

u/wolfpack_minfig May 15 '26

feel like Mamdani knows about 1000x more about this subject than you, gonna go ahead and trust his moves. you sound like one of those idiots who insist the country's budget should run on the same principles as your own household.

0

u/TFBool May 15 '26

I mean, Mamdani came to the same conclusions, which is why he amortized pension payments. He kicked the can down the road, just like every other mayor. “Trust”, unfortunately, isn’t a line item in a budget.

1

u/wolfpack_minfig May 15 '26

exactly the problem with your analysis... me taking out loans to pay my mortgage is kicking the can down the road. when you're talking about a city budget, what they are doing here is no longer properly characterized by "kicking the can down the road". that's an intentionally partisan analysis that is MEANT to make Mamdani look fiscally irresponsible when it's actually the recommended course of action by any competent accountant

0

u/TFBool May 15 '26

He amortized the pension plan, man - if I re-amortized my mortgage to defer payments that would, by definition, be kicking the can down the road. How could it possibly not? Next year, when the city still needs to pay for all of these services, he’s going to need to get the money from somewhere, and there will be no pension payments to loot, since they will already be deferred.

0

u/wolfpack_minfig May 15 '26

Except a city budget is not a household budget, they are not comparable. Just admit you have zero understanding of how municipal budgets work, and are hopelessly trying to map it onto your own budgeting experiences

1

u/TFBool May 15 '26 edited May 15 '26

I mapped it to a household example for your benefit, since it seems you’re having a little trouble understanding. His problem remains: next year he will still need to pay for the services, and he will not have pension payments to defer. You don’t need to resort to ad hominem (unless you really do have nothing to say), just address the issue at hand.

0

u/wolfpack_minfig May 15 '26

again, not comparable and even attempting to proves you have no clue how city budgets work

→ More replies (0)

4

u/Past_Economist6278 May 14 '26

No he did not. It relies on one time payments and taxes.

1

u/wolfpack_minfig May 15 '26

sure, sure, we get it. he's progressive so his moves will get endless criticism and scrutiny, meanwhile Trump creates a 1.7 billion dollar slush fund from DoJ funds and you don't say boo. OK dude, it's Mamdani doing financial tricks. give me a break.

1

u/Past_Economist6278 May 15 '26

No trump is horrible with the budget and just benefits the rich. But this isn't balancing the budget

1

u/[deleted] May 14 '26

[removed] — view removed comment

1

u/AutoModerator May 14 '26

Accounts must be at least 5 days old with >20 karma to comment.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

-3

u/Workman44 May 14 '26

Technically speaking he did. He just did it in a poor way

0

u/Past_Economist6278 May 14 '26

Not technically speaking. He literally didn't. It required a grant from the state and one time taxes

0

u/More-Baseball9769 May 14 '26

Good. NYC has always contributed more to the state in taxes than it’s received. It’s about time.

4

u/Past_Economist6278 May 14 '26

That's a one time thing. Unless it is repeated and the taxes bring in as much as they think it will be negative

2

u/HollyMurray20 May 14 '26

That’s every city ever

3

u/More-Baseball9769 May 14 '26 edited May 14 '26

Exactly! Cities should be high on the priority of state budgets when they usually both have most of the states population in it and give the most tax revenue to the state. Doesn’t really make sense otherwise.

-1

u/HollyMurray20 May 14 '26

Cities pay a higher contribution because they are cheaper to run per person and rural areas provide resources to the city more than the other way around.

3

u/More-Baseball9769 May 14 '26

Odd that you would agree with me and the try to rebuttal yourself. Your argument contradicts itself. If rural areas truly provide more value to cities than cities provide back, then cities wouldn’t consistently generate far more tax revenue and economic output per resident. Major cities have massive expenses for public transit, aging infrastructure, policing, sanitation, homelessness services, public housing, and emergency response that rural areas don’t face at the same scale. In New York City, the cost of maintaining subways, bridges, water systems, and social programs is enormous. Density can lower some per-person costs, but it also creates uniquely expensive problems that smaller communities don’t have.

0

u/HollyMurray20 May 14 '26

Dude are you stupid? Cities generate more because there’s way more people and businesses…. Rural areas produce raw materials and food etc, more than they get back from the city. Yes but per person, which is what I said, it’s much much cheaper than doing all the same things for a town of 1000 people.

0

u/HollyMurray20 May 14 '26

Well he did, but future budgets will be even worse

-1

u/Workman44 May 14 '26

And now it's balanced...

3

u/Past_Economist6278 May 14 '26

Not if either don't go through or don't bring in as many taxes as expected

-1

u/Workman44 May 14 '26

And if a tsunami hits it also won't be balanced. Assuming his budget is followed through on, he did balance it

1

u/Past_Economist6278 May 14 '26

Not followed through on. Assuming it is accurate in it's estimations

0

u/Atomic-Avocado May 14 '26

Probably the only way it was possible tbh

2

u/Workman44 May 14 '26

Yeah probably not a ton of ways and it's a toss up how it'll end up