The New York City comptroller’s office, which first noticed the missing money, said that the Federal Emergency Management Agency had unilaterally taken the funds from the city’s accounts.

To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.

  • @libertyforever
    -1•3 hours ago

    Explain what? I see the current poverty rate is very similar to the 1980 level.

    • @T00l_shed
      1•3 hours ago

      Exactly, nothing has trickled down.

      • @libertyforever
        0•20 minutes ago

        It did trickled down significantly.

        Poverty rate is relative. If poverty rate doesn’t increase and GDP grow more than normal, then in absolute terms it is better for lower and middle class. That is exactly what happened. See the chart below.

        US GDP as a % of G7 GDP