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.

  • @T00l_shed
    1•3 hours ago

    Exactly, nothing has trickled down.

    • @libertyforever
      0•54 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