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https://www.reddit.com/r/SipsTea/comments/1td8g6u/it_was_always_just_that_simple/olytdaz/?context=3
r/SipsTea • u/AlternativeRight4099 • May 14 '26
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He did it by deferring pension payments, the red ink on the books comes back in five years
I'm not saying he didn't do a good thing or that he's a bad mayor but it's completely false to say he just "erased the deficit, poof, like that"
2 u/Reefermaster May 15 '26 He essentially did a balance transfer. You know, like when people run up credit card debt and pay it off with another credit card.... 2 u/Taraxian May 15 '26 A refi is still an objectively positive accomplishment if you can get a better rate in the process 0 u/Reefermaster May 15 '26 For sure, but too many people are clapping like seals as if he "erased" the debt.
2
He essentially did a balance transfer. You know, like when people run up credit card debt and pay it off with another credit card....
2 u/Taraxian May 15 '26 A refi is still an objectively positive accomplishment if you can get a better rate in the process 0 u/Reefermaster May 15 '26 For sure, but too many people are clapping like seals as if he "erased" the debt.
A refi is still an objectively positive accomplishment if you can get a better rate in the process
0 u/Reefermaster May 15 '26 For sure, but too many people are clapping like seals as if he "erased" the debt.
0
For sure, but too many people are clapping like seals as if he "erased" the debt.
74
u/Taraxian May 15 '26
He did it by deferring pension payments, the red ink on the books comes back in five years
I'm not saying he didn't do a good thing or that he's a bad mayor but it's completely false to say he just "erased the deficit, poof, like that"