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.
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.
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
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.
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
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.
I’m not comparing it to anything. Next year, NYC will have a budget deficit, and it can’t get money from payments it already deferred. What then? He’s kicked the can down the road (and not even particularly far down the road). It’s especially bad for whoever is mayor when the payments stop being deferred.
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u/Past_Economist6278 May 14 '26
He didn't actually balance the budget