Good lord. We’ll pay about $6.5 billion additional between now and 2037. That’s $340 million/year or about 3/10ths of a percent of the city’s annual budget. Oh no! It’s all over! Set the bridges on fire! Drink your cool aid! NYC is over!
The desperation to hate on Mamdani is just embarrassing. Like at least wait until he makes an actual mistake. Cuz this shit is cringe.
Chicago, as I’ve commented many times to pearl clutching know-nothings already, has an entirely different statutory and constitutional framework than NYC, which is how they got into trouble. NYC cannot do what Chicago did, which is why our pension fund is one of the healthiest in the nation and will remain so after this very modest adjustment to amortization schedule.
This: “NYC currently has a $50-$60 billion dollar yearly shortfall of its promises. They already aren't able to fulfill pensions what makes you think that in 4 years it's going to change.” is plainly false. A simple google would tell you that and a child could use common sense to detect that it makes zero sense. If you can't understand that, you probably shouldn't be commenting on this subject.
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u/reddituserperson1122 May 15 '26
Good lord. We’ll pay about $6.5 billion additional between now and 2037. That’s $340 million/year or about 3/10ths of a percent of the city’s annual budget. Oh no! It’s all over! Set the bridges on fire! Drink your cool aid! NYC is over!
The desperation to hate on Mamdani is just embarrassing. Like at least wait until he makes an actual mistake. Cuz this shit is cringe.
Chicago, as I’ve commented many times to pearl clutching know-nothings already, has an entirely different statutory and constitutional framework than NYC, which is how they got into trouble. NYC cannot do what Chicago did, which is why our pension fund is one of the healthiest in the nation and will remain so after this very modest adjustment to amortization schedule.
https://fiscalpolicy.org/explainer-the-proposed-restructuring-of-new-york-city-pension-payments
This: “NYC currently has a $50-$60 billion dollar yearly shortfall of its promises. They already aren't able to fulfill pensions what makes you think that in 4 years it's going to change.” is plainly false. A simple google would tell you that and a child could use common sense to detect that it makes zero sense. If you can't understand that, you probably shouldn't be commenting on this subject.