No Result
View All Result
  • Login
Thursday, August 6, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Mamdani Mendacity – Balanced Budgets and $50 World Cup Tickets

by FeeOnlyNews.com
2 months ago
in Business
Reading Time: 4 mins read
A A
0
Mamdani Mendacity – Balanced Budgets and  World Cup Tickets
Share on FacebookShare on TwitterShare on LInkedIn


In the famous Tennessee Williams play, Cat on a Hot Tin Roof, Big Daddy says: “There ain’t nothin’ more powerful than the odor of mendacity.” Aside from the foul stench of garbage and sewage water that traverses the city that never sleeps, mendacity is a ubiquitous smell, and city hall is ground zero. New York City Mayor Zohran Mamdani has played fast and loose with the facts lately, and democratic socialists are hooting and hollering this is proof that left-wing ideology works.

Zohran Mamdani Balances the Books

Left-leaning social media inhabitants gave Mamdani top Marx earlier this month when the mayor announced he had balanced New York City’s budget. The mayor refrained from Stalin any longer in his announcement, directly and immediately telling city dwellers – nay, the world – that he closed a $12 billion shortfall without putting the deficit “on the backs of working people” and impacting his progressive agenda of universal childcare and city-owned grocery stores

“When we came into office, we uncovered a $12 billion budget deficit. Today, I’m proud to say we brought it down to zero,” he said.

This is the best news the city has received since the New York Yankees won the World Series in the ancient times of 2009. Dislike socialism? Open your heart to the Big Apple and redistribute your happiness. Now everyone can hop on a free bus. Well, not so fast.

The situation is similar to the mayor’s smile: It looks nice on the surface, but something odious lurks behind it. The reality is that a state bailout and deferrals helped close the gaping budget hole, not Mamdani magic.

First, in a May 12 announcement, Gov. Kathy Hochul (D) said Albany will offer almost $8 billion in assistance over two years. This includes “an additional $4 billion gap-closing support” for one of the world’s largest cities.

Second, city hall budget documents suggest $1.64 billion in savings by “restructuring unfunded pension liability.” But this is not saving anything. Instead, the city had projected eliminating its pension debt by 2032, but the mayor’s plan delays this by five years and adds billions of dollars in overall costs to taxpayers. In other words, he is kicking the can down the road, making long-term pension liabilities somebody else’s problem.

Speaking of kicking…

World Cup Fever

Uh, oh. New Yorkers have a fever – World Cup fever, that is!

Soon, the world will set its sights on North America to watch men kick a ball around for 90 minutes, a global spectacle expected to cost American, Mexican, and Canadian taxpayers billions of dollars. The tickets are outrageously expensive, ranging from $600 for nosebleed seats during early round matches to $11,000 for good seats in the final stages.

Mamdani has you covered, Pelé bobby-soxers.

He said on May 21 that New York City has secured 1,000 discounted $50 World Cup tickets, allocated across the five group‑stage matches and two knockout contests at MetLife Stadium. In his social media video, the mayor announced:

“As we prepare to host the World Cup right outside of New York City, we know that ticket prices for this tournament have soared into the thousands of dollars. There are countless New Yorkers desperate to attend a World Cup match, but who simply cannot afford to go.

“We know that there are so many New Yorkers who thought that there was no way they could afford to go to this tournament, and now there is that glimpse of an opportunity.”

To get your hands on these coveted tickets, the city will erect a six-day lottery system, beginning on May 25. Eligible residents can submit one entry per day, and daily participation will be limited to 50,000 signups. Mamdani also required that only New York City residents be eligible and that all five boroughs receive representation. “This is just a question of if you sign up, and then it’s just a question of crossing your fingers,” the mayor said.

On the one hand, kudos to Mamdani for negotiating with one of the most questionable organizations on the planet. On the other hand, the ironic aspect of this story is: What would stop any one of the 1,000 people from winning the ticket and then selling it at market value?

While the city has not confirmed seat locations, reports suggest the lucky winners will be able to sit on the upper-deck Category 3 and 4 sections. As of now, these tickets are selling for well over $3,000 each. It would be safe to say that most individuals would prefer to nab $3,000 rather than squint at a soccer field. If so, this would negate the administration’s efforts, meaning working-class taxpayers are funding somebody’s winnings.

Delaying the Pain

Throughout history, socialist nations, whether the Soviet Union or Nazi Germany, regularly ignored economic reality by delaying pain and relying on short-term fixes. Price subsidies, zombie outfits, and tepid reforms only exacerbated their challenges. Unfortunately, this hallmark has become standard policy for Western conservative or liberal governments. Many leaders do not want to rip off the bandage, preferring to rub snake oil, employ gimmicks, and espouse mendacity.



Source link

Tags: balancedbudgetsCupMamdaniMendacityTicketsworld
ShareTweetShare
Previous Post

Free Kids Workshop Home Depot

Next Post

The Memorial Day Flag Rule That Many Americans Mess Up Without Knowing It

Related Posts

Envista raises 2026 adjusted EPS outlook to .50-.55 as core growth target moves to 3.5%-4.5% (NYSE:NVST)

Envista raises 2026 adjusted EPS outlook to $1.50-$1.55 as core growth target moves to 3.5%-4.5% (NYSE:NVST)

by FeeOnlyNews.com
August 6, 2026
0

Earnings Call Insights: Envista Holdings Corporation (NVST) Q2 2026 Management View "In the second quarter, we continued our momentum in...

Sterlite Tech shares gain 4% on Rs 1,760 crore international order win

Sterlite Tech shares gain 4% on Rs 1,760 crore international order win

by FeeOnlyNews.com
August 6, 2026
0

Shares of optical and digital solutions provider Sterlite Technologies climbed over 4% to trade at Rs 662 on Thursday after...

SpaceX created a new class of ultrawealthy. Here’s what comes next

SpaceX created a new class of ultrawealthy. Here’s what comes next

by FeeOnlyNews.com
August 5, 2026
0

At SpaceX’s market debut on June 12, the perfect trade already looked obvious. Shares priced at $135, valuing the company...

5 years after NIL began, college coaches still out-earn the athletes they coach

5 years after NIL began, college coaches still out-earn the athletes they coach

by FeeOnlyNews.com
August 5, 2026
0

A lot has changed since college athletes began earning compensation in 2021. A small percentage have become rich due to...

US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq

US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq

by FeeOnlyNews.com
August 5, 2026
0

The Dow closed at a record on Wednesday on signs of progress for a peace deal with Iran, while the...

3 Dividend Stocks Ready to Pay You – If You Buy Them This Week

3 Dividend Stocks Ready to Pay You – If You Buy Them This Week

by FeeOnlyNews.com
August 5, 2026
0

Quick Read SiriusXM and American Electric Power both go ex-dividend August 10, offering yields of 3.56% and 2.95% with earnings...

Next Post
The Memorial Day Flag Rule That Many Americans Mess Up Without Knowing It

The Memorial Day Flag Rule That Many Americans Mess Up Without Knowing It

Women’s Closed-Toe Sandals as low as .37!

Women's Closed-Toe Sandals as low as $19.37!

  • Trending
  • Comments
  • Latest
Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

July 7, 2026
US prosecutors examine LA Dodgers owner Mark Walter-linked insurers – report

US prosecutors examine LA Dodgers owner Mark Walter-linked insurers – report

July 21, 2026
Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

July 9, 2026
Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

July 6, 2026
House backs an emergency brake on elder fraud

House backs an emergency brake on elder fraud

June 26, 2026
Why did a 4 billion CEO just endorse stripping most Americans of voting rights?

Why did a $154 billion CEO just endorse stripping most Americans of voting rights?

July 27, 2026
Call Off the Iran War. Just Walk Away!

Call Off the Iran War. Just Walk Away!

0
Fed’s Cook to Support Rate Hike if Disinflation Stalls

Fed’s Cook to Support Rate Hike if Disinflation Stalls

0
CMS Finalizes Medicare Hospice Payment Increase and New Patient Disclosure Rules for FY 2027

CMS Finalizes Medicare Hospice Payment Increase and New Patient Disclosure Rules for FY 2027

0
Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

0
The July 2026 US Venture Capital Funding Report – AlleyWatch

The July 2026 US Venture Capital Funding Report – AlleyWatch

0
Channel Rebate Automation: The 2026 Guide to Scaling Incentives

Channel Rebate Automation: The 2026 Guide to Scaling Incentives

0
Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

August 6, 2026
Envista raises 2026 adjusted EPS outlook to .50-.55 as core growth target moves to 3.5%-4.5% (NYSE:NVST)

Envista raises 2026 adjusted EPS outlook to $1.50-$1.55 as core growth target moves to 3.5%-4.5% (NYSE:NVST)

August 6, 2026
Fed’s Cook to Support Rate Hike if Disinflation Stalls

Fed’s Cook to Support Rate Hike if Disinflation Stalls

August 6, 2026
Sterlite Tech shares gain 4% on Rs 1,760 crore international order win

Sterlite Tech shares gain 4% on Rs 1,760 crore international order win

August 6, 2026
Step-Up SIP: When Should You Increase Your SIP Amount?

Step-Up SIP: When Should You Increase Your SIP Amount?

August 5, 2026
Salmonella Outbreak Linked to Jalapeños at Chipotle Grows to 27 States

Salmonella Outbreak Linked to Jalapeños at Chipotle Grows to 27 States

August 5, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!
  • Envista raises 2026 adjusted EPS outlook to $1.50-$1.55 as core growth target moves to 3.5%-4.5% (NYSE:NVST)
  • Fed’s Cook to Support Rate Hike if Disinflation Stalls
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.