Wednesday, January 11, 2017
Politicians have left the city--New York one crisis away from financial ruin
At NYPOST by Nicole Gelinas
-- Say you’ve got two neighbors — one has a Ferrari and a gardener and gives loads to charity every year.
The other one drives a 10-year-old Toyota and cuts his own lawn, and won’t even buy Girl Scout cookies.
The mailman accidentally puts their financial-planning documents in your mailbox.
Surprise: The “rich” man is deep in debt, so much so that he even owes money to the gardener. The scrimper, by contrast, has millions in the bank. And that’s despite the fact that the Ferrari driver earns more than the scrimper.
We’re not talking about people, though — we’re talking about cities.