Will New York City government have a 1975 style financial crisis, threat of bankruptcy, before the end of 2028? | Manifold

Will New York City government have a 1975 style financial crisis, threat of bankruptcy, before the end of 2028?

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https://www.city-journal.org/article/new-york-fiscal-crisis-1970s-migrants-welfare-costs?utm_source=virtuous&utm_medium=email&utm_campaign=cjdaily&vcrmeid=D1QSfbvmrUi8YjPMui8NCg&vcrmiid=zVSxHuH5cES4YsFcziOJWw

The Fading Lessons of New York’s Fiscal Crisis

From exploding welfare costs to billions spent on migrants to soaring compensation, politicians are repeating the mistakes of the 1970s.

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