New York City the Next Detroit?
Daniel Greenfield writes at Frontpagemag.com:
Shortly, New York may be ruled by a governor who helped cause the financial meltdown, while New York City may have a mayor who was forced to resign from Congress and its comptroller will be a former governor who was forced to resign for transporting a prostitute across state lines. He will be replacing the current comptroller who may go to jail for campaign finance fraud. . . .
New York State has the 33rd highest unemployment rate in the country. New York City’s unemployment rate is even higher at 8.3%. In June, New York City, with a population of 8 million, added just 3,100 jobs. Most of those jobs were in the city’s tourism trade which bulks up during the summer.
While Bloomberg was playing hooky, using city resources to push gun laws in other states, the specter of Motown was creeping over the Big Apple.
Meanwhile, "New York City comes in second on the list of cities with the largest unfunded pensions," Greenfield notes. "After Detroit."
Related
Amid Bankruptcy, Detroit Leaders Talk Zimmerman
Toxic Government by Democrats: Minneapolis
Unions Bankrupting the Country -- Using Taxpayer Dollars
