Mamdani balanced NYC's budget and Republicans are hysterical

I am sure the nyc union employees will appreciate your logic when their fund dries up

If they're paid their pensions, they won't care where the money comes from. And "the fund" is never going to be adequate for that in the long run, for the reasons I stated.

There's something you may not understand. A "fund" can earn interest, but that will always be outpaced by inflation. Such a fund will shrink in real value over time. The difference will be whatever (inflation) - (interest) may be. 

In an inflationary environment, such as the present Trumpflation and staggering economy, spending "now" money before it declines in value might be the prudent choice.

You've been telling us that government pension funds were drying up, or bankrupt or unable to pay benefits since, at least, the financial crisis of 2009.  Seventeen years or more, so I'd just say your predictive ability in such matters is highly overrated--by you.  

Not mention he did say Trump would lower prices and that we'd all be living in the land of milk and honey if Trump got a second term. 

Never said it - Proof?

Wow, never saw that coming, admitting a mistake, amazing.

You always ask for proof. I asked for your opinion on the Trump pardons and the $1.8 billion slush fund. Crickets.

There's something you may not understand. A "fund" can earn interest, but that will always be outpaced by inflation.

Stupid cpa kevin is wrong again

The S&P 500 has historically delivered an average annual inflation-adjusted return of about 3–7% depending on the time horizon, reflecting the real growth in purchasing power for investors.

The last 10 years (ending February 2026) saw an average annual inflation-adjusted return of 9.95%, while the last 20 years averaged 6.1% per year. - Inflation Tool

Very convenient forgetfulness!  And by the way, is the $1.8b slush fund for Jan 6ers "waste fraud and abuse."?  

The stock market is not a monetary fund, STOOPID. Pension funds sitting in an interest-bearing account deliver a far lower return than the stock market. They also don't match inflation.

God, how you love your irrelevant Tom-stats. What does the stock market have to do with NYC's budget and pensions? Nothing. And before you say it, I know that pension funds do occasionally invest in the markets, but only ultra-safe, AAA+ rated securities, which return far less than the stock markets overall.

I do feel like I'm trying to explain nuclear physics to a pig. It's a waste of time, and it annoys the pig.