New York Democratic Mayor Bill de Blasio on Wednesday, said that New York City “needs a stimulus that puts us all back on our feet so that we can succeed together”, arguing that if New York City doesn’t receive “$7 billion” in aid, there is “no recovery”.
“If there is not a strong force stimulus for cities and states, there will not be a national economic recovery, period,” de Blasio claimed.
CNN’s John Berman asked Mayor de Blasio: “What do you need? How much do you need and when? And what happens if he doesn’t come because there’s no action in Washington this week on it.”
De Blasio responded: “John, right now what I’m staring down the barrel of and cities and states all over the country– people are either acting on furloughs and layoffs or preparing for furloughs and layoffs of the exact people, who have been the heroes in this crisis that we should be celebrating and supporting– the first responders, the healthcare workers, the educators. How are we going to support these people we need if we don’t have any money?”
“I’ve lost 7.4 billion dollars already, and my economy can’t come back until I get that stimulus and get back to normal and provide those basic services. It’s a real catch 22– no stimulus, no recovery, no revenue. It only gets worse,” he said.
“So to me, what the federal government needs to do is make cities and states whole. We didn’t ask for the coronavirus, … but once it happened to us, we had no choice but to confront it. And then, when we had no more money, what are we gonna do? The only place that prints money, the only place that can provide the help to get us out of this mess is the federal government. If they don’t, we’re on our own, and there’s no recovery,” the New York City Mayor added. Continued Below
Attorney and legal scholar, Jonathan Turley, reacted on Twitter Wednesday to de Blasio’s claim of needing $7 billion in stimulus aid to reopen New York City, calling it “chilling” and suggesting it is “an invitation to runaway inflation”.
“De Blasio just said on CNN that New York cannot open because it has no money to do so. That is the first direct call for the federal government to actually fund the operation of major cities. He is talking about roughly $7 billion and suggesting that NYC simply cannot reopen,” Turley tweeted.
He continued: “De Blasio justified his demand for billions on the simple fact that Washington is ‘the only place that prints money.’ De Blasio seems to have dispensed with Adam Smith in favor of Bob Hope to ‘simplify’ taxes: ‘Why don’t they just print our money with a return address on it?’” Video Below
“De Blasio’s suggestion to simply wipe out his city’s debt by printing more money is chilling. ‘Print baby print’ is the siren’s call that led to economic disasters from the Weimar Republic to Venezuela. It is an invitation to runaway inflation like blowing a dam to put out fires,” Jonathan Turley expressed.
New York City Mayor Bill de Blasio’s official remarks:
New York City Mayor Bill de Blasio says Trump is „turning his back because of party affiliation“ after the President’s comments that „bailouts“ for blue states are unfair to Republicans: „He is politicizing a pandemic, not being patriotic“ https://t.co/TBevNC9ruU pic.twitter.com/ygGP4zIFor
— CNN Politics (@CNNPolitics) May 6, 2020
Jonathan Turley’s official tweets:
De Blasio just said on CNN that New York cannot open because it has no money to do so. That is the first direct call for the federal government to actually fund the operation of major cities. He is talking about roughly $7 billion and suggesting that NYC simply cannot reopen…
— Jonathan Turley (@JonathanTurley) May 6, 2020
…De Blasio justified his demand for billions on the simple fact that Washington is „the only place that prints money.“ De Blasio seems to have dispensed with Adam Smith in favor of Bob Hope to „simplify“ taxes: „Why don’t they just print our money with a return address on it?“
— Jonathan Turley (@JonathanTurley) May 6, 2020
..DeBlasio’s suggestion to simply wipe out his city’s debt by printing more money is chilling. „Print baby print“ is the siren’s call that led to economic disasters from the Weimar Republic to Venezuela. It is an invitation to runaway inflation like blowing a dam to put out fires
— Jonathan Turley (@JonathanTurley) May 6, 2020
Source: us4trump.com
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