New York City is headed toward the same bankrupt fate as Detroit, unless the incoming mayor tends to municipal union issues and curbs soaring pension costs right away, Mayor Michael Bloomberg warned on Tuesday.
“Avoiding the hard choices is how Detroit went bankrupt,” he said, in a speech before a Brooklyn crowd, The New York Post reported.
Mr. Bloomberg only has five months left to serve. And in between issuing nanny-type governance creeds — attempting to ban supersize sodas, denouncing cigarettes, trans-fats and Styrofoam containers — he’s advising his followers to take heed from a city that’s been there, done that in terms of financial disaster.
I just love progressives who can't follow their own advice, don't you?