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Comment by mitxela | Hacker News Reader

It's extremely common that when a right wing government transitions to a left wing government, the left wing government notices it has insane unpayable debt and tries a bunch of desperate things to repay it.

Mamdani had the same problem but was luckily able to negotiate practicable payment plans on NYC's debt.

Also I believe it's much easier to solve well intentioned stupidity than to solve malice.

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> It's extremely common that when a right wing government transitions to a left wing government, the left wing government notices it has insane unpayable debt and tries a bunch of desperate things to repay it.

They both often continue increasing deficits and spending until they can't.

> Mamdani had the same problem but was luckily able to negotiate practicable payment plans on NYC's debt.

The last right-wing mayor was Bloomberg (I don't know how right-wing Bloomberg really is when he tried running as a Democrat), and that was 13 years ago.

> Also I believe it's much easier to solve well intentioned stupidity than to solve malice.

Well-intentioned stupidity can go on for far longer because people won't want to intervene because of a negative perception when intervening. If there is malice, there isn't a negative perception when intervening.

You do realise the same is true for moves from the left to the right? The left spends until the coffers are empty, gets voted out by those fed up with the miserable state of the economy, the right takes over and brings things back on track through austerity measures, the economy wakes up but austerity is still demanded due to the size of the mess left by the lefties. Those same lefties point at the blooming economy and complain that only the rich get to profit while we live in austerity, vote for us and everyone gets a free beer and pony. People vote the left in, they start spending like crazy until the cycle repeats. Been there, seen it happen several times.

I assume this is Euro centric? In the US it’s been the right that have spent like drunks.

No, it is not euro-centric. The previous US regime also spent like drunks, did you forget about all the stimulus packages which pushed inflation up to almost 10%?

The deficit consistently decreases when democrats are in power and increases when republicans are in power.

The logic is "left good, right bad". In other places that people here would scoff at it, it is the opposite way around "right good, left bad".

Unfortunately, political tribalism is rife online, and it is as bad here as anywhere else.

That was COVID. Look at the last 30 years. Deficits have gone up faster under Republicans. Trump 2.0 doesn’t have any excuses.

Meanwhile the right wing opposition keeps pointing fingers and telling that it's the left's (or center's, whatever) fault. Happened multiple times.

They both blame each other for their own incompetence.

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