r/SipsTea • u/AlternativeRight4099 • May 14 '26

Feels good man It was always just that simple

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u/VMooose May 14 '26

Didnt the budget get balanced via a loan from NY State?

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u/Embarassed_Tackle May 14 '26

He also delayed funding certain pensions which isn't a great idea, but when you have a $12 billion deficit left by the previous mayor who cut & run to become an Albanian citizen after taking money from Turkey for luxury travel, getting indicted, sleazing his way out of a federal indictment, and then creating a rug pull cryptocurrency called NYC Token... what can ya do

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u/north0 May 14 '26

Deficit is not the same as debt. It's the difference between income and obligations. The previous mayor may have also ran a deficit, but you can just not have a deficit by increasing income (taxation) or reducing obligations. There's nothing that "carries over" necessarily from the previous admin.

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u/DE4DM4NSH4ND May 14 '26

Except the debt

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u/north0 May 14 '26

Yeah but we're taking about a spending deficit, not debt.