NYC declared bankruptcy 1975

Same shit happened in Detroit and soon Chicago.

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New York City never went bankrupt.

newyorker.com/news/news-desk/the-night-new-york-saved-itself-from-bankruptcy

Oh I see
but still it was very close
huge debts, needed to layoff a ton of people, freeze wages etc
a lot of people moved afterwards too

Yes it did and it's been permanently bankrupt held up by the jew fed

thenation.com/article/lessons-great-default-crisis-1975/

nothing to do with muh joos, everything to do with raising tax too high and causing capital flight

If they near bankruptcy they simply go more into debt or print more money. You can't go bankrupt as a boss, workers can only stop working for them, which never happened. New York doesn't needs to work, others will.

>what happened in 1975
Communist subversives have been extremely active in the US going back to the very early 19th century. What happened to NYC in 1975? Unions happened. NYC has always, since it became a massive city, a massive civil service work force. A civil service sector large enough to field several armys from... Once unionized, is extremely fucking costly. Plus all those bridges and tunnels... And the fact that a huge amount of the population of nyc has always been below or very close to poverty...

Tldr; it was the kikes

>Communism is responsible for profit games

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>everything to do with raising tax too high and causing capital flight
>nothing to do with the kikes
also
>muh joos
there are no two other words that can be put next to each other that show just how idiotic the author is quite like those.

>jews want high taxes
lmao ok. absolute retard

Communist bullshit is responsible for unions. Making the workforce cost more is not a profit game.
>this whole post

holy shit you are a fucking retard

>cant comprehend how subversion works

puerto ricans

Shut of zion piggy.

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NYC about to go bankrupt AGAIN

>“The city’s $98 billion unfunded liability for retiree health care exceeds the city’s $93 billion of bond debt and $48 billion pension-fund shortfall.” Which means the retiree health care deficit is in addition to the pension shortfall. These are separate problems totalling nearly $150 billion – for one city.

>NYC’s retiree health care unfunded liability rose by $40 billion in the past decade. But, “It has about $5 billion set aside to pay the bill.” So two years of just the increase in this liability wipes out the money on hand to pay it. That sounds like a cash flow rather than an accounting issue.

>“New York … has almost 300,000 current employees and is responsible for more than 230,000 retirees and their beneficiaries.” There must be a ratio of employees to retirees where the numbers stop working and the system breaks down. 1-to-1, which NYC is approaching, has to be near that boundary.

Leftists are so shit at economics it's amazing anyone votes for them at all.

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Same reason Cali near bankrupt these days. Shekels in private sector won't pay for shitty government debts.

Jew York City is the perfect example of society eating itself.

Public works are subpar
Innate subnations fighting each other for capital
Democracy exhausting and murdering itself.
Behavioral sink from the dense level of social interaction and onslaught of worthless stimuli

ok thanks for explaining
yeah this was what made me learn about this
how the FUCK does one party make the same financial center go bankrupt, TWICE
oh yeah and they wanted to give Amazon a billion though
fucking A, NY, fucking A.

Jews got tired of nigs nigging and fucked everything up extra good

>Jews
>tired of nigs nigging
is that an oxymoron