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Deep blue New York City looking at bankruptcy after a five-year socialist wallow

MARCH 11, 2019 | by Monica Showalter | AMERICAN THINKER

The Fed may or may not be right about this, but it shouldn't take the spotlight off New York. Why on earth should one of the world's great cities go bankrupt solely because of an economic downturn? That's the sort of thing you might expect from Greece or Uruguay … And now the famous Other People's Money is running out, which is likely to signal the demise of the socialism itself if it can't keep a money stream from the productive sector with which to shovel out the socialist welfare.

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