{"id":116986,"date":"2020-11-21T04:33:48","date_gmt":"2020-11-21T01:33:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/de-blasio-thinks-hes-saving-by-putting-bills-on-the-credit-card\/"},"modified":"2020-11-21T04:33:48","modified_gmt":"2020-11-21T01:33:48","slug":"de-blasio-thinks-hes-saving-by-putting-bills-on-the-credit-card","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/de-blasio-thinks-hes-saving-by-putting-bills-on-the-credit-card\/","title":{"rendered":"#De Blasio thinks he’s ‘saving’ by putting bills on the credit card"},"content":{"rendered":"

“#De Blasio thinks he’s ‘saving’ by putting bills on the credit card<\/strong>”
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\n Even for Mayor de Blasio, it\u2019s an outrageous scam: He keeps proudly announcing \u201csavings\u201d that are nothing more than putting this year\u2019s bills on the credit card \u2014 at the price of some truly serious \u201cinterest.\u201d<\/p>\n

The latest is this week\u2019s deal with the sanitation union, which will let him put off a $27 million obligation until Fiscal 2022, bringing the total in deferred costs to $722 million. That doesn\u2019t help matters \u2014 and it might even hurt.<\/p>\n

Think about it: If you push off your rent for a month, you still have to pay it, on top of your other bills. And it\u2019ll probably be harder to scrape up cash for two months of payments than just one.<\/p>\n

No matter. De Blasio insists on calling the $722 million in delayed payments \u201csavings\u201d \u2014 which budget experts blast as nonsense.<\/p>\n

\u201cPaying bills late does not save you money,\u201d Citizens Budget Commission head Andrew Rein notes. \u201cWe\u2019re just going to have the same problem we have today, but instead we\u2019re going to have it tomorrow.\u201d<\/p>\n

Worse, to get unions\u2019 OK for late payments, de Blasio tied the city\u2019s hands and vowed not to lay off any of their members \u2014 no matter how short of cash he is.<\/p>\n

Which is outrageous not just because private-sector workers get no such guarantees, but because de Blasio bloated the city headcount by 10 percent, and slimming down the workforce should be one of the first steps to take in a cash crunch.<\/p>\n

Plus: Next year\u2019s budget is already facing a $4.2 billion shortfall, Gov. Cuomo is threatening to cut as much as $3 billion in state aid and a second-wave COVID lockdown will sap city revenues even further.<\/p>\n

Nor can federal aid plug all the holes, even if Democrats somehow win the Senate: \u201cIt never has, and it unlikely ever will,\u201d warns Rein. Instead, as the CBC\u2019s Maria Doulis stresses, \u201cthere needs to be greater restraint on expenses\u201d and \u201creal recurring\u201d labor savings.<\/p>\n

De Blasio may hope to put off hard choices until he leaves office, but he\u2019s setting the city up for disaster.\n <\/p><\/div>\n

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

“#De Blasio thinks he’s ‘saving’ by putting bills on the credit card” Even for Mayor de Blasio, it\u2019s an outrageous scam: He keeps proudly announcing \u201csavings\u201d that are nothing more than putting this year\u2019s bills on the credit card \u2014 at the price of some truly serious \u201cinterest.\u201d The latest is this week\u2019s deal with…<\/p>\n","protected":false},"author":1,"featured_media":116987,"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\/De-Blasio_phony_budget_savings_PM-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[80778,5042,70301,70877,70344,43],"class_list":["post-116986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-20-20","tag-bill-de-blasio","tag-bills","tag-budgets","tag-coronavirus-in-ny","tag-editorial"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/116986","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=116986"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/116986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/116987"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=116986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=116986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=116986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}