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Mamdani Has Already Run Out of Other People’s Money

New York City’s democratic socialist Mayor Zohran Mamdani has already run out of other people’s money, and he’s only been in office for four months.

Mamdani announced in a press conference Wednesday that New York City faces a financial “crisis of historic magnitude” and asked the City Council for extended time to submit his budget. What a surprise that the young mayor is late to turn in his first big homework assignment.

Mamdani is correct that he faces a huge problem, though. The city’s budget deficit over the next few years is projected to rise to about $12 billion.

To put that number into perspective, New York City’s deficit is bigger than the entire budget of about a dozen states.

Mamdani blamed this financial calamity on his predecessor, Mayor Eric Adams, of course.

You can be sure that New York Democrats will return to the “blame Adams” well for some time given that they practically threw him out of the party for opposing President Joe Biden’s open border policies.

Adams does deserve some of the blame. So, does the entire New York City political apparatus—which is notably bereft of Republicans. But this reality is hardly an endorsement of Mamdani’s platform, at least for those not totally bought into the socialist flim-flam sauce he’s selling.

Mamdani never said he’d reduce his predecessor’s spending, far from it. Instead, his entire campaign was built on giving new, “free” things away. Free childcare, free buses, and government-run grocery stores were all at the top of Mamdani’s agenda.........

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