DE BLASIO’S NYC: New York On Brink of Bankruptcy for the FIRST TIME in Over 40 YEARS
New York City is inching closer to financial bankruptcy for the first time in over four decades as experts warn officials of massive public spending and decreased tax revenue as wealthy residents flee to other cities across the country.
“New York City is careening closer to all-out financial bankruptcy for the first time since Mayor Abraham Beame ran the city more than 40 years ago, experts say,” reports the New York Post.
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