Quote by Michael Bloomberg
We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city.
Summary
This quote underscores the dire financial situation of a city, pointing to the unsustainable burden posed by the skyrocketing pension and healthcare costs for employees. The statement emphasizes that the city's existing budget can no longer meet these expenses, and predicts that, if continued, the financial strain could ultimately lead to the city's bankruptcy. It highlights the urgency of addressing these growing costs in order to prevent the city from collapsing under its financial obligations.
Topics
Health
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