Progressives cheer as Mamdani robs the future to waste money in the present
Mayor Zohran Mamdani has balanced New York City's $125 billion budget, earning praise from progressives. However, critics argue that he is deferring pension costs to future taxpayers, which could lead to significant financial burdens down the line. This approach has raised concerns about the sustainability of city finances and the potential impact on future administrations.
- ▪Mamdani balanced the city's budget while increasing spending, drawing acclaim from figures like Sen. Bernie Sanders.
- ▪He is deferring pension costs, which critics say will burden future taxpayers with $4 billion in annual costs.
- ▪The city has devised a plan to pay off pension debt over 22 years, pushing financial responsibility onto future mayors.
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Opinion Progressives cheer as Mamdani robs the future to waste money in the present By Ken Girardin Published May 27, 2026, 6:59 p.m. ET Zohran Mamdani speaking at Eid al-Adha prayers in Macombs Dam Park in the Bronx in New York City. Michael Brochstein/ZUMA Press Wire / SplashNews.com See more of our coverage in your search results. Add The New York Post on Google The socialists have been swooning ever since Mayor Mamdani announced he had managed to balance New York City’s $125 billion budget. Sen. Bernie Sanders acclaimed the new mayor for confronting “a huge budget deficit” and bringing it “down to zero,” while still boosting spending. “This Man is a LEGEND,” gushed Mamdani superfan Ryan Rozbiani on X. “Something that nobody else could do,” marveled lefty influencer Suzie Rizzio.
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