Monday, November 25, 2013

New York City's New Mayor de Blasio : More For Everyone


The question now is, is New York City, and for that matter, New York State, headed to ruin with election of  de Blasio? Can New York state feed the beast?

With huge taxes now and more coming to feed the agenda of socialism, leaving most thinking men and women with few options for survival, and those that decided to leave the city and state for greener pastures was small just a few years ago, but now the dam is broken with hundreds of business headed out. I wonder who will pay the bill when those that have been paying the taxes are gone?

Here are few interesting facts on New York City that will begin to anwswer some of the more pressing issues. City spending has increased in the last twelve years by 55% and pension costs have grown by more then 300%. With the escaping business from the city, New York's budget deficit is more then $2 billion dollars and de Blasio's answer is more taxes and more spending.

Here is another fun fact, New York City has more the 500,000 government employees of which the largest representation of these employees is in the heath care sector, the biggest supporters of de Blasio, and many government funded nonprofits. Most of these are union members, of which there are more then 150 different union contracts demanding more for less, which pay little or nothing for their health care or pensions.

Even more fun, de Blasio has indicated during his campaign he will do what is necessary to fulfill his pledges to support New York's great history of serving the people with great services and programs. He won the election but now will he or can he deliver on those promises?

New York is much like California and Illinois, they are caught in a nasty trap of promising ever more services and programs to an ever growing number of recipients but with an ever shrinking tax base. The progressive socialists believe there really is no end to the taxes they can demand for an expanding agenda of social programs.

As Margaret Thatcher once said, 'soon you will run out of other peoples money'. There seems to be no escaping reality, you can get just much blood from the turnip but when gone the game is over. Period!

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