De Blasio’s ‘crime’ is stiffing the NYPD: Goodwin

The dictionary defines “moral hazard” as the “lack of incentive to guard against risk where one is protected from its consequences.” For an example, see Mayor de Blasio’s budget. 

Thanks to the excessive federal bailout, the mayor is laughing all the way to the bank. He’s canceling pandemic-forced savings initiatives and throwing buckets of money at ideas without any concern about whether the ideas are good or the money will be well spent.  At $98.6 billion, his spending plan is $7 billion more than the state of Florida’s. It’s $10 billion more than last year, and that’s before the City Council adds its expensive extras.