The Myth of Two Balanced Budgets, California and New York City
Both California Governor Gavin Newsom and New York City Mayor Zohran Mamdani claim to have balanced their respective budgets, but in both cases, they are running huge deficits while creating the illusion of balance through creative accounting and bailouts. Liberal commentators are hailing Gavin Newsom and Zohran Mamdani as proof that socialist governance works, that a government can expand …
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