{"id":112645,"date":"2020-11-16T02:34:43","date_gmt":"2020-11-15T23:34:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-wont-give-them-bailout\/"},"modified":"2020-11-16T02:34:43","modified_gmt":"2020-11-15T23:34:43","slug":"biden-wont-give-them-bailout","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-wont-give-them-bailout\/","title":{"rendered":"#Biden won’t give them bailout"},"content":{"rendered":"

“#Biden won’t give them bailout<\/strong>”
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\n Mayor Bill de Blasio\u2019s mid-year budget update is due in the next two weeks, but we don\u2019t have to wait in suspense: The mayor demands that President-Elect Biden deliver the dough. But what do the election results really say about the prospects of a full-on bailout for Gotham and New York state?<\/p>\n

On Election Eve, the mayor presented his budget plan to NY1. \u201cIf Joe Biden\u2019s elected president, the most likely time for a major stimulus is February,\u201d he said. \u201cThe second we have that, New York City\u2019s in a position to address a whole host of issues, avert layoffs, but also to do a lot of positive things.\u201d<\/p>\n

Biden isn\u2019t ignoring New York: His transition team \u00adincludes city Department of Transportation Commissioner Polly Trottenberg and planner Marisa Lago. But it doesn\u2019t include any state or city budget official.<\/p>\n

How much will the new president go out of his way to help us, though? Leave aside the fact that a divided Congress \u2014 no matter which party wins the Senate \u2014 won\u2019t give him room for a multi-trillion-dollar stimulus. Biden owes his victory to five states \u2014 and he needs to keep them onside to win re-election. Two of them, Arizona and Georgia, are growth states with little \u00adpatience for the government pay and benefits that places like New York offer and the high taxes that go along with them. Many of their newer residents fled these taxes.<\/p>\n

The other three \u2014 Michigan, Pennsylvania and Wisconsin \u2014 have their own experiences with fiscal and economic crises over the past decade. In no case did any state receive a full bailout, no strings attached. In each state, self-help\u00a0and adjustment were the biggest factors in recovery.<\/p>\n

In 2013, the city of Detroit \u00addeclared bankruptcy. The state, under a Republican governor, didn\u2019t ask for a federal rescue \u2014 but nor did then-President Barack Obama offer such support. Said Obama\u2019s spokesman: \u201cYou have heard leaders in \u00adMichigan say, and we believe they\u2019re correct, that this is an \u00adissue that has to be resolved \u00adbetween .\u2009.\u2009. Detroit and the creditors.\u201d<\/p>\n

All parties \u2014 public employees, public-sector retirees and bondholders \u2014 took deep losses. Retirees too young for Medicare, for example, became responsible for their own health-care costs.<\/p>\n

Detroit\u2019s voters elected a new mayor, and the business community, too, realized that no outside help was coming: The city began making its downtown more attractive to start-ups and doing basic things like improving bus service for lower-income workers.<\/p>\n

No, New York isn\u2019t Detroit, but the analogy doesn\u2019t work in our favor. Detroit lost its major \u00adindustry and its tax base over 50 years. After four decades of continuous economic boom in the Big App<\/a>le, what\u2019s our excuse for being so broke, so quickly?<\/p>\n

Speaking of which, a few years earlier, the Bush-Obama bailout of Michigan\u2019s auto \u00adindustry hardly held its workers harmless. Auto workers agreed to cuts in pay.<\/p>\n

Then there\u2019s Pennsylvania. The capital city, Harrisburg, filed for bankruptcy in 2011. A judge rejected it (yes, you have to be approved for bankruptcy), but the threat forced union workers to agree to pay and benefits cuts.<\/p>\n

Scranton, Biden\u2019s hometown? Eight years ago, the mayor slashed all government workers\u2019 pay, including his own, to minimum wage, in a successful bid to wring cuts to employee benefits.<\/p>\n

Finally, in Wisconsin, former Gov. Scott Walker reduced government workers\u2019 ability to bargain for benefits 11 years ago. His Democratic successor hasn\u2019t acted to reverse this measure.<\/p>\n

Are swing voters in these states going to have sympathy for New York?<\/p>\n

De Blasio won\u2019t even gingerly mention what other states and cities started to do long ago: ask public-sector employees to contribute to health insurance, for example, or ask young retirees to pay for health benefits on ObamaCare exchanges. (In the private economy, for that matter, older retirees pay for their own Medicare premiums; the city picks up this tab for its own well-compensated retirees.)<\/p>\n

Hizzoner won\u2019t ask for even the most basic \u201csacrifice\u201d: a wage freeze.<\/p>\n

Yes, the new president and the new Congress should enact \u00adextraordinary aid for states and cities \u2014 and yes, New York should get its proportionate share. But absent leadership on proactive cuts that do the least harm to public services, that won\u2019t be enough. Our leadership consists of asking Scranton and Detroit to rescue the most entitled city in the land.<\/p>\n

Nicole Gelinas is a contributing editor of City Journal.<\/em><\/p>\n

Twitter<\/a>: @NicoleGelinas<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Biden won’t give them bailout” Mayor Bill de Blasio\u2019s mid-year budget update is due in the next two weeks, but we don\u2019t have to wait in suspense: The mayor demands that President-Elect Biden deliver the dough. But what do the election results really say about the prospects of a full-on bailout for Gotham and New…<\/p>\n","protected":false},"author":1,"featured_media":112646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/11\/15592649366_89db7dd23f_k.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[80078,73651,5042,70343,70344,991],"class_list":["post-112645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-15-20","tag-bailouts","tag-bill-de-blasio","tag-city-budget","tag-coronavirus-in-ny","tag-joe-biden"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/112645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=112645"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/112645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/112646"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=112645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=112645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=112645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}