Is This Really A Good Idea?

Yesterday The New York Post posted an article about a recent statement by New York City Mayor Bill de Blasio about one of the things that will happen if Joe Biden is elected President.

The article reports:

Mayor Bill de Blasio is hoping a federal stimulus package akin to FDR’s New Deal will help curtail crime in the Big Apple, he said Monday.

Speaking to NY1’s Errol Louis, Hizzoner said if Joe Biden is elected president, New Yorkers should expect a stimulus deal that will help get the city “back on its feet” and combat a spike in murders, shootings and burglaries.

“If Joe Biden’s elected president, the most likely time for a major stimulus is February, and I’m thinking along the lines of the New Deal, and he’s obviously talking about emulating FDR,” the mayor said.

“The second we have that, New York City’s in a position to address a whole host of issues, avert layoffs, but also to do a lot of positive things,” he added.

The mayor also said a coronavirus vaccine that is expected in a matter of months will help reboot the city’s economy — and drive crime down.

Let me do a little translating here. What the Mayor is looking for is a stimulus package that will undo the bad fiscal management that has plagued New York City for some time. One of the reasons the stimulus package has not passed is that the Democrats in the House of Representatives want to use the stimulus to bail out Democrat-controlled cities that have huge budget deficits. The Republicans in the Senate want to use the stimulus bill to help businesses and their employees get back on their feet. It should be noted that in a well run city, getting businesses and employees back on their feet will increase tax revenue; and if the city is run well, help deal with any budget deficit. We have a number of cities in America that need to get their spending under control. A federal bailout will not help curb their excessive spending and should not happen.