De Blasio’s small steps aren’t remotely enough to fix NYC’s fiscal woes

Last week, the Moody’s agency slashed the credit rating on New York City’s debt. Just like with your credit score, the lower it goes, the higher an interest rate the city pays, putting us further in the hole. Gotham owes $116.1 billion in various types of debt. Of that total, Moody’s action covers $39 billion…
Source: NY Post click here for more…