Mamdani’s socialist budgeting lies

New York City Mayor Zohran Mamdani boasted this week that his $125.8 billion budget proves socialists “understand economics” and that his administration “budgeted honestly.” In reality, his supposed fiscal triumph is anything but honest.

It relies heavily on fiscal gimmickry, a huge bailout from Albany, and accounting maneuvers that push fiscal pain into the future. […] ...