News

#Scott Stringer’s latest sad bid to buy votes with taxpayer funds

#Scott Stringer’s latest sad bid to buy votes with taxpayer funds

It didn’t take long for 2021 mayoral wannabe Comptroller Scott Stringer to lay down his big-spender marker. In a letter to Mayor de Blasio, Stringer made his case for “shovel-ready” projects to boost the city’s struggling economy.

He wants a burst of borrow-and-spend to jump-start capital projects put on hold by the pandemic. Make use of low interest rates and the city’s good credit rating, he urges.

In fact, it’s a play for the support of construction-trade unions — a key Democratic constituency. His proposal would put a lot of unemployed construction workers back to work, especially since private-sector work seems sure to contract.

Last month, the New York Building Congress, a construction trade association, warned that the pandemic led construction spending this year to fall $10 billion short of the $55 billion spent in 2019.

Hence Stringer’s push for the (near-bankrupt) city to borrow big — to win support for his mayoral campaign.

In the real world, the Office of Management and Budget has reportedly frozen capital projects thanks to the city’s precarious finances — a move a comptroller who wasn’t running for mayor would cheer.

You’ll need to do better than this, Scott.

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our News category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!