NYC’s Credit Rating Goes From Positive to Negative Under Mamdani

Captain Creeper

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NYC’s credit raping was positive under Adams. Now, Moody’s has downgraded the rating from stable to negative. Why? There is a huge budget deficit. This comes as Mamdani is seeking state approval for huge tax hikes.

I’m just a few short weeks in office, Mamdani is making great progress in bankrupting NYC.
 

NYC’s credit raping was positive under Adams. Now, Moody’s has downgraded the rating from stable to negative. Why? There is a huge budget deficit. This comes as Mamdani is seeking state approval for huge tax hikes.

I’m just a few short weeks in office, Mamdani is making great progress in bankrupting NYC.
Damn, that was quick
 
He's collapsing so much faster than I thought he would.
His 'rich' are bailing from NYC, and have been for years.
Not only individuals, but major companies are too.
He's even trying to get the death tax implemented.
Anything over 750,000 will be taxed at 90%.
Giving even more incentives to leave., He'll be taxing the hell out of
those who make 100,000 in no time to pay for the illegals.
 
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