Why U.S. Cities Are Going Broke

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Spending cuts are abound in many U.S. cities as inflation lingers and pandemic-era stimulus dries up. At least 53 major cities have debt obligations that outstrip their assets, according to an estimate from Truth in Accounting. The group estimates higher debt burdens than many public officials report, due to allegedly underreported retiree benefits. The rising public debt may potentially leave future generations on the hook for financial decisions made by today's leaders.
Correction (4/25/24): At 7:45 a previous version of this video incorrectly named the Mayor of Chicago. His name is Brandon Johnson.
Chapters:
0:00-01:01 Cold Open
01:10-04:45 Chapter 1: Spending
04:45-06:53 Chapter 2: Management
06:53-08:39 Chapter 3: Credit ratings
08:39-10:46 Chapter 4: Federal help
Produced and Edited by: Carlos Waters
Animation: Christina Locopo, Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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Why U.S. Cities Are Going Broke

Опубликовано:

9 май 2024

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Комментарии : 4,1 тыс.

@franknuzzo2576 13 дней назад

They don’t have a cash flow problem. They have a spending problem.

@nuevision8 11 дней назад

They have a government salaries & benefits problem. They have a federal income taxes problem.

@elonever.2.071 10 дней назад

They also have a hyper inflation problem.

@franknuzzo2576 10 дней назад

@@elonever.2.071 Inflation is built into the system, unfortunately. It’s what people want, also unfortunately.

@KASLtja 10 дней назад

Corporations control politics

@aab-el9bd 10 дней назад

@@franknuzzo2576 Inflation only benefits the wealthy, whose assets increase faster than the rate of inflation. The middle class doesn't want inflation and the poor get crushed by inflation.

@meowismeify 11 дней назад

Yet we had 95 billion to give Taiwan, Israel, and Ukraine...

@georgewolfiii1170 8 дней назад

Yes, and about 85% of all foreign aid is embezzled by the recipient countries, who are required to kick back part of the money to US officials. Foreign aid has always been a real gravy train for top US government officials.

@geraldarnoult 8 дней назад

That money goes to U.S. contractors and the U.S. Military industrials complex not what that sounds like

@HiDefHDMusic 8 дней назад

@@geraldarnoultso it’s even worse than just giving them money, like significantly worse

@StankHunt42 7 дней назад

And thats just one pay package. Theres been many before it and many will come after

@meowismeify 7 дней назад

@@HiDefHDMusic lol exactly

@rannyorton 5 дней назад

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.

@belljoe 5 дней назад

Biden is worst thing that happened to us

@smithlenn 5 дней назад

TRUMP 2024

@dawsondanny990 5 дней назад

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@dawsondanny990 5 дней назад

It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.

@alicegomez7232 5 дней назад

Don't fret, the debt ceiling always goes up. I wonder if 2008 crisis survivors had it easier. I'm concerned about the stock market, I've lost $35,000 this month, and my income is down. Worried I won't save enough for retirement as I can't add to my savings.

@teresita2- 5 дней назад

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@braggfamily1123 13 дней назад

Politicians definitely are not broke

@richardmead5969 6 дней назад

total corruption politicians are not for us on either side, it`s about show me the money

@willieduffie4967 5 дней назад

They are breaking us!

@ryv2484 10 дней назад

The city may be broke but the ones who are in charge of it sure aren’t. Wonder why that is? 🤔

@joannlarson6386 6 дней назад

Bingo

@Botoburst 6 дней назад

They should be fined for every year they run a deficit. They can work for nothing until they prove themselves.

@nokateno 6 дней назад

Yes, yes. Quite curious indeed.

@user-mn5sn7iy2x 6 дней назад

Because theyre greedy democrats?

@BloodSweatandFears 5 дней назад

Exactly why they released this nonsense “explanation”

@sethalexander3164 9 дней назад

“America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” - Abraham Lincoln, First Republican President

@user-ko5ng3lm1z 9 дней назад

thats exactly what that Russian defector said back in the 70's or 80's theres a vid of him giving you step by step instructions... and well it's happened.

@thetruthalwaysscary 8 дней назад

Theye try to provoke a nuclear war with Russia and pushing an economic war with China, while the USA depend on China that is irreversible. Instead of cooperating and use the 1.4 billion people market to make the USA even richer..the USA politicians want to dominate.

@sethalexander3164 8 дней назад

Thats why CAPITOLIST SOLD OUT TO CCP

@Kado1609 8 дней назад

@@user-ko5ng3lm1z yuri bezmenov i think you are talking about? not sure just a guess

@Number6_ 8 дней назад

Wrong about 1st republican president. UpTo 1860 the 2 parties were wigs and republicans. But since no one would vote wig, they changed there name to republican to get votes. So the real republican party changed there name to democratic party. Look it up! Not that Abe was democratic at all.

@bruhzooka 8 дней назад

nobody can afford stuff anymore. Everything 30% more expensive, but nobody got a 30% raise.

@joscarface_0126 13 дней назад

Look who’s running those cities.

@mr.castle 10 дней назад

That's a decades problem for all of those places..

@greglane3978 10 дней назад

Let me guess. The political party that supported slavery?

@teebone2157 10 дней назад

it doesnt matter who runs it with to many citizens are poor so tax revenues are low. THINK

@mr.g.culinary 10 дней назад

Yup, and all with D’s in front of their names.. it’s so sad to see

@markd.5471 10 дней назад

"Cities."

@J.Shabazz 10 дней назад

ONE WORD: CORRUPTION

@buravan1512 8 дней назад

The writing is on the wall 🧱

@__cdb 7 дней назад

Single-party Democrat cities have a revolving door of dirty politicians who select companies owned by friends and family to manage all of their city services for like the homeless, streets, garbage etc. San Francisco sidewalk cleaners (who just pressure wash the sidewalks) earn over $100,000 per year! Just to spray sidewalks! This is why they will never fix homelessness - because they make too much money from it.

@Paetaor 6 дней назад

Sending money to other countries doesn’t help.

@richardmead5969 6 дней назад

true or soros deep state agenda

@ludwigdrummer7802 6 дней назад

I think New York City treats corruption the way drug dealers treat seizure of shipments retailers treat theft and suppliers treat damage. It's built into their "business" model. Drug dealers assume 10% of what they ship will get seized. Retailers assume 10% of what they have in stock will be stolen. Companies assume 10% of product gets lost due to damage or other means. It's built into the price of everything. I don't know what New York City takes corruption to account as a percentage, but let's say it's 10%. That is a huge amount of money and probably acceptable. I'm not saying it's acceptable to the average citizen or me or you but in the grand scheme of things it's acceptable. You also have to assume that at least 10% of police officers are on the take. Don't get me wrong I like the police but you just have to accept reality.

@cool2180 9 дней назад

95 billion to another country vs being spent in America

@rector0455 8 дней назад

For 5 bln we could've had a southern wall that would've at least been a start to controlling immigration but remember that cost too much. 🙄

@HiDefHDMusic 8 дней назад

@@rector0455I’d rather have immigrants than you, why would I fund a wall?

@AnkitBhatiaat 7 дней назад

@@HiDefHDMusic because now you're paying to house and feed strangers indefinitely

@HiDefHDMusic 7 дней назад

@@AnkitBhatiaat yeah I do that anyway for rich people and that hasn’t done anyone any good ever

@rector0455 7 дней назад

@@HiDefHDMusic I'd rather you have received a functional command of the English language in school, unfortunately, that's not what happened. To answer your question though, you should support the wall because curbing illegal immigration will increase demand for American labor, which means an organic rise in wages for American workers rather than these idiotic, inflation-exacerbating minimum wage hikes every few years, it would further inhibit the flow of illegal drugs and human trafficking, as well as have a positive effect reducing the levels of crime on our streets, mitigate the housing shortage and benefit national security. The better question is, why the hell wouldn't you support it unless you want more inflation, more crime, more illegal drugs, further depressed wages etc.? I can only think of two explanations... Either you hate this country and want to see it destroyed, or you've been programmed via the idiot box by people with those goals and lack the capacity to dispel these insidious notions on your own.

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Thanks to Mrs Deborah Davis.

@msoldate 14 дней назад

New York acts like a kid with a 450 credit score trying to get approved for a Dodge Hellcat 😂

@doomkid1331 14 дней назад

Precisely 💯💯💯

@stephenc2481 14 дней назад

....act like a college kids who want the "college experience" at expensive universities and go into debt for it. Maybe Biden will do the loan forgiveness with NY.

@thezenarcher 14 дней назад

lol what are you talking about NYC has an AA credit rating

@za3739 14 дней назад

@@thezenarcher😂

@stachowi 14 дней назад

plus they know as long as the cities keep voting democrat they'll get bailed out by the federal government.

@misterfunnybones 14 дней назад

It's all debt. Anyone saying taxes are too high doesn't realize debt is already supporting their lifestyle more than they can imagine. Roads, water, sewer, basic infrastructure, is built, then needs maintenance, then needs replacing. It's funded by debt.

@N0Xa880iUL 14 дней назад

This can go on indefinitely as long as the US manages to remain the global reserve currency.

@communismisthefuture6503 14 дней назад

@@N0Xa880iULI had a stroke trying to read that

@N0Xa880iUL 14 дней назад

@@communismisthefuture6503 why

@communismisthefuture6503 14 дней назад

@@N0Xa880iUL it doesn’t make sense in English

@N0Xa880iUL 14 дней назад

@@communismisthefuture6503 Okay. What would be the correct sentence?

@Maadhawk 7 дней назад

One thing you will never hear from something like this is how those cities are also destroying their revenue by driving small businesses away.

@tml2212 8 дней назад

NY is full of billionaires and property prices skyrocketing, but politicians don't know how to fix the debt 😂

@racingbeats1493 7 дней назад

The billionaires will simply just leave if you tax them into oblivion. Slowly raising them for higher income is the way. They SHOULD be rising though

@holmbergaudio 6 дней назад

Why should they fix the debt? People vote for it.

@philipdillon83 6 дней назад

@@racingbeats1493 No they wont. New york is where all the money is, and New York already had high taxes and it still has the most Billionaires.

@aSASa45454 6 дней назад

@@holmbergaudio As if we have too many public services.. clown

@smallestcat 6 дней назад

@@philipdillon83when the city is malfunctioning, crime ridden, dirty, dangerous and expensive will their employees still want to live and work in NY? How's that working out for San Francisco?

@edo6159 14 дней назад

Because we keep fighting wars and funding other countries while neglecting ours….

@beingsshepherd 12 дней назад

Politicians are even wearing Ukraine flag pins. Brazen.

@UmmYeahOk 11 дней назад

Your city taxes aren’t funding the military. What’s happening is these cities have become unaffordable to the working class, so they either leave, or become what is known as “homeless.” That’s why some states have decided that cars should be included as part of your annual property tax. You’re working full time, but can only afford to live in your car, so tax the car.

@alexisf22 11 дней назад

Preach exactly 👍

@gideondejongh838 10 дней назад

Bingo.

@Andromeda2976 10 дней назад

Exactly and not even checking your own backyard: China owns 80% of the farmland in USA

@mr_0n10n5 14 дней назад

Most cities take on debt with the assumption that growth will continue as it did in previous years. Boy were they wrong

@jryde421 14 дней назад

Yeah especially when they putting the money in their pockets and not actually into the city

@raw7504 14 дней назад

Also doesn’t help when the police make up 40% of the budget in some cities Im sorry but police don’t need armored vehicle and grenade launchers

@Dendarang 14 дней назад

To me the problem seems to be treating cities like they're states or countries when they aren't. That matters because for the past 80 years and for the foreseeable future the US has grown and will continue to grow and growth is the default - there have only been a couple of years of recessions since WW2 where GDP fell year over year. But cities are significantly smaller units with significantly different outlook and growth is not necessarily the default assumption for them. During the Cold War when the US was booming and experiencing unprecedented growth a lot of cities were struggling or going broke because people were leaving them and going to suburbs or to some other city in the Sun Belt.

@rudysal1429 14 дней назад

@Dendarang the fact that you said "growth is the default" is the exact problem that is happening now. The people in charge had this mindset that growth was always going to happen and never considered that population growth would start stagnating or even declining. We are starting to drop in population and with it go demand for goods and services, less jobs from less demand, less revenue, etc.

@spicychad55 14 дней назад

Cities have to pay road maintenance themselves without federal help, big expense.

@Sirius39170 9 дней назад

This migrant situation is out of control.

@poempadgett4664 8 дней назад

_Finally,_ a comment mentioning their totally ignoring that undeniable aspect of our economy. Thank you.

@geraldarnoult 8 дней назад

Nothing to do with migrant, so-called illegal aliens get all forms of taxes stolen becouse there made up S.S. number don't match there name, so the money gets stolen, its called the set-Assid or suspension fund, tens of billions held for mismatch, also the migrants claiming asylume are not allowed to work, asking for work, the response, you are not allowed to work, there tracked, so its not like illegal alien, most of them have been in the U.S. for years, most people today are claiming asylum its legal, but you do not get asylume for work, you must say you are in danger, get the money form the illegal alien slush fund in Washington and by the way few Mexicans are crossing the border illegally, not even legally migrating to the U.S.

@HiDefHDMusic 8 дней назад

@@poempadgett4664why would I care? I don’t want *you* here

@StankHunt42 7 дней назад

Actually the democratic party is outta control. Hence why all those cities are democrat run

@AnkitBhatiaat 7 дней назад

@@HiDefHDMusic go back, pedro

@investwithjeff 7 дней назад

We have never had so many Politicians who don't work for the people but work for the sponsors who put them in office

@ManiaMusicChannel 13 дней назад

I feel like we are going into a Great Depression not even a Great Recession anymore

@MichelleLyn84 10 дней назад

You are definitely not far off. People keep underestimating how bad off we are doing. The Fed isn’t even going to cut interest rates until March of next year now, Russia just pulled out Billions out of JPMorgan. Banks are falling, and will continue to fall. This government has had the wrong idea. Thinking they can tax us to death, print money endlessly, and they’ll be fine. It’s like living beyond your means without planning for maintenance needs, insurance needs, it’s all tumbling down. A lot of people will suffer, but honestly, it needs to happen, especially to the elite and big banks. They need a reality check.

@elonever.2.071 10 дней назад

That is what a lot of experts are saying. I hope they are wrong.

@EM-oo1sk 10 дней назад

Tell that to illegal immigrants who are eating 3x a day with free medicare.

@darkmagician2521 10 дней назад

@@elonever.2.071 We're 5 years away from the Great Depression's 100th anniversary so they just might. Yes. There are countermeasures and safeguards that were created from the Great Depression's aftermath, but it doesn't mean they'll fully stop the next economic crisis on a depression level.

@Zeakthecat 10 дней назад

@@darkmagician2521 some of those safeguards were removed during the clinton and reagan administrations, which has caused a lot of the economic hardships we have had today. reaganomics has had a detrimental impact on the middle classes ability to survive a great depression, the middle class themselves has been shrinking drastically since the 1980s, the way we build homes also has a impact. on top of this, Clinton removed safeguards prohibiting banks from issuing mortgages to subprime borrowers, which is what basically caused the 08 housing market crash that almost lead to a even worse outcome than the great depression: a total economic shutdown.

@skipmatsey8352 14 дней назад

Irresponsible governance, excessive pensions, waste, fraud, poor planning, the list goes on.

@lindamorado9828 11 дней назад

And illegals, nobody wants to tell the truth.

@toddlavigne6441 8 дней назад

I jus posted the exact same thing

@firminhofrasco3906 9 дней назад

The problem is the system: A mayor with 4 year mayoralty can spend financed with debt to be payed in 10 years. They spent to buy votes and leave before they have to pay the bill. Leaving the problem to the next. The problem accumulates until it is unsustainable.

@__cdb 7 дней назад

That's what Biden's been doing.

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@garrusch7063 14 дней назад

The suburb I live in demolished a 75 year old high school (nothing wrong with it) and wants to build a new one with higher taxes. They are also building a 12,000 square foot golf course glub house at a cost of $12 million dollars (a cost that is 4X normal construction costs). I can't believe what's going on in my city. It's criminal.

@JeffCaplan313 13 дней назад

Because the cities are run by criminals.

@peanutarbuckle2980 11 дней назад

no one asked

@christianpimentel1426 11 дней назад

@peanutarbuckle2980 I found his response interesting, at least.

@spectre3492 11 дней назад

When people spend other’s money, they don’t care

@jeffrobodine8579 11 дней назад

The Teachers Unions get what they want regardless of cost to the taxpayers so you get what you vote for.

@orlyt274 10 дней назад

That's why taxes need to be spent more wisely. Unfortunately policy makers don't understand that.

@tonyburzio4107 8 дней назад

It's not policy makers, we reward spending with votes.

@neon75105 8 дней назад

Neither are true. Taxes are not what is running this country anymore. It's debt. Votes aren't rewards. Your vote is meaningless when someone can buy the politician. Edit: Read, "Inequality and Democratic Responsiveness: Who Gets What They Want from Government?" by Martin Gilens.

@AL-lh2ht 8 дней назад

@@neon75105 oh yea you big smart declaring "votes don't matter".

@neon75105 8 дней назад

@@AL-lh2ht Here, read the following: www.princeton.edu/~mgilens/idr.pdf

@margyrowland 8 дней назад

It’s not their money 🤷‍♀️

@Blackfilmguild 9 дней назад

I never understood how there were 0 layoffs on transit when there was a 90% reduction in ridership. Who is paying for that if there is a 90% loss in revenue. 4 years later, it is still 50% reduction in ridership.

@KevinSterns 6 дней назад

If you lay off government workers, you automatically lose the next election. Cities are union piggy banks.

@Bjorngrim74 8 дней назад

Funny how they saw the Detroit Bankruptcy and thought, "Yeah, let's do that".

@ShidaiTaino 14 дней назад

No is talking about the shear cost of infrastructure spending to repair and maintain roads for a car dependent city

@N0Xa880iUL 14 дней назад

Strong towns is

@Sacto1654 14 дней назад

Well, New York City's public transportation infrastructure is just as bad, too. They're going to need a *LOT* of money to upgrade their subway and commuter rail networks, and likely will need a major public transit bus investment, too.

@mohammedsarker5756 14 дней назад

@@Sacto1654 NYC should upzone the land around their transit, they have an 800k housing unit shortfall so they need the extra housing units and taxpayers anyway. Additionally, replace the property tax (which is forbidden from assessing homes at market value) with a land value tax

@Demopans5990 14 дней назад

@@Sacto1654 At the same time, the baseline for public transit in the US is so low that NYC's system is considered the best in the US in terms of coverage

@Sacto1654 14 дней назад

@@mohammedsarker5756 Whatever it is, the current situation in NYC is a major mess. Just cleaning up the housing rental market is going to take a massive amount of work, especially when studio apartments in and near Manhattan have monthly rentals of US$3,500 per month to start.

@ayushtiwari8870 14 дней назад

"Strong Towns" episodes on youtube have been flagging this for a very long time.

@TortugaDividendInvesting 14 дней назад

Dense housing = Good for pretty much everything

@teddymoon3744 14 дней назад

cities want to burrow more and more then bankruptcy....its smart...once in your in over your head go all the way and milk it

@floridaman7 14 дней назад

Where can i watch this show

@Vode1234 14 дней назад

@@floridaman7 the channel is called strong towns on youtube. Not just bikes also made a playlist based on their research. /watch?v=fzETR5rkdd0&list=PLJp5q-R0lZ0_FCUbeVWK6OGLN69ehUTVa

@-un6kg 14 дней назад

Just search "Strong Towns playlist" You will get a playlist created by another youtuber called "not just bikes".

@thiwo2 8 дней назад

This is happening by design. Corrupt politicians end up rich without any liability and guess who will pay the price for the goverment debt and bankruptcy ?

@the_derpler 9 дней назад

It's become so expensive to live in these places that tax payers are leaving I bet. Seems the uber poor can live there due to the benefits big cities provide, the uber rich can live there because they are rich, yet the middle, they always need to leave by the time they his child having age. So you lose that tax income.

@williambonadurer9750 12 дней назад

My city had a council race two years ago that I reached out to a candidate about. I asked him about some questions about how city taxes were collected and how different policies would affect this, his response was that he was interested in learning more about this. What I'm trying to say is that he was completely uneducated on how cities work. The problem is that too many people don't know how cities operate.

@toddlavigne6441 8 дней назад

Salaries for these idiots is way too high. They also spend money like drunken sailors. IMO I see work crews all the time. 5 workers with 2 actually working.

@jeffreystanley4991 14 дней назад

Completely separating where people live And where people work was a completely stupid decision.

@jrho8033 14 дней назад

And guess which industry benefits form that. Ford and the car industry corrupted our city building infrastructure that only caters to cars. Now the suburbia everywhere cost more to maintain then they pay in taxes.

@crusherven 14 дней назад

Maybe. When 97% of the population worked on a farm, it made sense to live right there. But if a lot of people in cities are working in a smelly, noisy factory, it kinda makes sense for health and comfort reasons to separate work and home. These days most cities don't have a ton of heavy industry anymore, so the separation doesn't make the same sense.

@jeffreystanley4991 14 дней назад

@@crusherven your right it doesn’t make sense to have some industries next to where people live. But there is no reason we can’t have office space, restaurants, groceries all intermingled with each other. There is no reason why we need separate areas for all these things. There is no reason why people should have to drive to all these places.

@mchoppityhooper 14 дней назад

@@jeffreystanley4991they have that in China and as a result their mental health is garbage. Imagine living where you work. That’d be terrible.

@CadetPolovitz 14 дней назад

@@crusherven In Europe they have restaurants, offices and stores next to housing.

@whiteprivilege912 10 дней назад

I left the city I grew up in because it is poorly governed and the taxes I paid were squandered.

@AFree1Month 10 дней назад

Proud Christian Nationalist here. Sorry to hear brother.

@rector0455 8 дней назад

I'm about in the same boat, I've lived here 30+ years, almost my entire life, I was born in this city, but it's been overrun with leftist out of staters who bring their sh*t politics with them, drugs, homeless, crime. Inside of 5 years, these foreign colonizers have completely destroyed my home. I'm heading to either Wyoming or Texas before 2025.

@arizonaxperience 8 дней назад

They are going broke because they are going woke.

@terryvlunsford1610 7 дней назад

True, if you look at the most broke, most crime, most homeless, most drug overdoses, most people fleeing the city, it is the cities run by progressive (Woke) Democrats.

@MusicGameFinatic999 14 дней назад

Our pensions are "fiscally sound"... Next sentence: 80% funded ... 😂

@serafinacosta7118 13 дней назад

Funding levels by the US Postal Service is about four times that , by design.

@serafinacosta7118 13 дней назад

And Municipal Pension Funds have been targeted by Wall Street speculators , to bankroll their acquisitions , for decades.

@ferriswheeler08 13 дней назад

NO doubt lol.. we have actuarial laws up here that pensions must be at least 95% funded

@NazriB 13 дней назад

Lies again? Stop Lying Men Grab Food

@sten260 11 дней назад

who would have known.. government lies?!

@misterguy2929 14 дней назад

The amazing thing, maybe terrifying, is this is just the large cities. Mid and small towns around the country are crumbling at an alarming rate, burdening with large debts and less income coming in. The amount of states/cities being propped up by the federal government is staggering. My hometown in Arkansas looks worse and worse every year with infrastructure deteriorating to a scary level. It was revealed a few years ago nearly 40% of the cities budget was supplimented by the federal government. If that ever stopped I cant imagine what would happen.

@snorkelwackjr 14 дней назад

As someone who also grew up in a small town in the South, I noticed this too. I highly recommend taking a look at Strong Towns. It's a non-profit that analyzes and provides ideas for how to make cities financially solvent again.

@dpayne2589 14 дней назад

I'm from Helena-West Helena, AR. Same issues going on there as well!!!!

@mylifeisajoke1 13 дней назад

Low density, strong services, low taxes. Pick two.

@okorochukwunonso2563 13 дней назад

Why are they taking funds from FG when they keep voting republican Politicians who cant govern or bad with economics? Isn't that socialism as they always claim?...

@KangTheDigitalNomadInitiative 13 дней назад

I thought I was the only one that could now visit 30 ghost towns IN THE UNITED STATES of AMERICA hell you could shoot 2 more WALKING DEAD APOCALYPTIC shows in those towns...🤷‍♂🤷‍♂ man that's sad all this leave a beautiful place like Europe trust me it's BEAUTIFUL only to land then get into conflict with the natives and those brought over as help like to come here and let the whole thing go up in SMOKE literally like one of these towns could just go POOF and no one would know!!!! Makes not a lick of sense when you think about it. Smdh!!!

@killman369547 8 дней назад

On tonight's episode of "How can we blame the people for our f**k up?"

@avantgarden2438 5 дней назад

Never forget what they did to 36-year-old Derek Floyd, a hard working family man was terminated as part of New York City's effort to free up funds for the migrant crisis, and because of the stress of this he died of a heart attack. The city has ramped up its efforts to pay for housing services for thousands of migrants, therefore fired him. So sad

@matthewlam9416 11 дней назад

This is what happens when it overspends. No accountability for irresponsible budgeting is what lead us here

@gideondejongh838 10 дней назад

Both parties have done this for decades, but they like to play the blame game.

@matthewlam9416 10 дней назад

@@gideondejongh838Isn’t it time to have at least have a third party to balance the power like our government?

@gideondejongh838 10 дней назад

@@matthewlam9416 A three-way battle to see who can brainwash the people the most? As a monarchist, I say it would not change anything since there is no accountability and the plebs worship ideology. Now if people would stop denying reality now that would be a step in the right direction.

@KASLtja 10 дней назад

COMPANIES ARE’T RAISES WAGES!!! This is CAPITALISM! If the PEOPLE have less money, how can businesses thrive?

@matthewlam9416 10 дней назад

@@KASLtjawhat is that has to do with irresponsible spending?

@BeverleeR.Ziegler 10 дней назад

Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. I want to spread across $400k into profit yielding dividend equities but unsure of which to get into

@DeannaMurray-zv 10 дней назад

I stopped listening and taking financial advise from these RU-vidrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice to take advantage and make profits.

@DanielFerreira596 10 дней назад

I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading

@Erickruiz562 10 дней назад

Please educate me, i'm willing to make consultations to improve my situation,

@Erickruiz562 10 дней назад

@@DanielFerreira596 Thanks a lot for this. I'lll check her out right away.

@JimmyA.Alvarez 10 дней назад

This recommendation is coming at the right time because i am literally grasping for straws atm! I verified her online and scheduled a phone call with her.

@Murrays2Smart 9 дней назад

Poor local government, poor municipal government and poor state government. Blame politicians and their poor policies..

@kazual9206 9 дней назад

1: Overspend what they can pay and use money in dubious programs . 2: Subsidies suburbs which are always a huge negative in income for the city. 3:Make impossible for small and medium businesses to establish or survive. 4:Make impossible for people of variable income to exist by disallowing small and modest home construction. 5:People who can somehow afford to live in these crime ridden places simply leave asap. Heh? Why are we broke ?!

@starventure 8 дней назад

Can you cite examples of urban tax money going to surrounding suburban counties in any US city? Not state money, just tax money collected inside city limits.

@commonsense8334 13 дней назад

Everyone in charge needs to be pulled out. We need a major investigation and ultimately a restart

@ricksemeniuk629 10 дней назад

The 10 worst cities mayor's are BLACK, WTF⁉️

@dm96177 9 дней назад

Yes. This country is completely failing. We need a huge redo

@rkgaustin9043 9 дней назад

No re-election of incumbents for at least three election cycles. An independent forensic accounting of every federal, state, and local government department to ferret out the waste, fraud, and corruption. #CleanHouse #NoIncumbents

@johnsmith1953x 13 дней назад

*So 60 years ago, there were NO INCOME TAXES* No property taxes and almost no SALES TAX. How did these cities surive back then?!

@user-fk5lp7if3o 13 дней назад

Over expenditure to the entitled people- simple. Plus masses of wastage and inefficiency.

@justicedemocrat9357 12 дней назад

By not providing any basic services. You had horse faeces piling 3 feet high on every street and rotten cow carcases clogging the rivers.

@johnsmith1953x 12 дней назад

@@justicedemocrat9357 You make my point. Cities had to contend with dead cow carcases and horse faeces back then and back then there was no 3% city tax nor property taxes nor sales taxes. Again, get rids of all those taxes and let the feds fix state and local issues.

@daroofa 12 дней назад

That was before the public sector unions took hold.

@johnsmith1953x 12 дней назад

@@daroofa You mean Police Unions and their crazy, expensive pensions and lawsuits??

@frankarmand3378 5 дней назад

Nate thank you for this righteous video 🏆👍🏻👏🏻👏🏻👏🏻

@noconsentgiven 7 дней назад

Don't increase taxes. We'll figure it out another way.

@reliablealpha6100 10 дней назад

Your credit score drops because you don't have enough debt but also debt is bad!? Okay, what!?

@noahgolden-cv1pc 9 дней назад

Freedom is slavery, war is peace ignorance is knowledge.

@rector0455 8 дней назад

The system is designed to create debt slaves.

@psychic1999 8 дней назад

It drops with your debt ratio (how much you are utilizing) not absolute debt. So you should keep that well below 10%. You just need to be careful of how quickly you ramp up credit.

@starventure 8 дней назад

It also depends on who you are and what you are.

@HiDefHDMusic 8 дней назад

@@psychic1999who thinks this is a workable system? This is the worst thing I’ve ever heard it’s ridiculously immoral and lacks any societal benefit, your economy is entirely a scam

@jimshaw734 14 дней назад

[slurps up the last little bit of juice from a cup] Guys... Why is this empty?

@user-ec3rm9wr1n 13 дней назад

😂😂😂😂

@jimshaw734 13 дней назад

“Don’t worry, we’ll tell you why it’s empty while slurping another cup dry.”

@user-ec3rm9wr1n 13 дней назад

@@jimshaw734 yummy 😋...

@Devilsnowballs 5 дней назад

I helped with a roofing job for a client in Seattle. Now this guy was the accountant for the city of Seattle budget. He actually ended up leaving his job because he was so frustrated with what was going on. He had no control over the spending all he was doing was recording and accounting for it. But it bothered him so much that he left his multiple six-figure job to go pursue his own interests.

@hugowilliams1988 9 дней назад

US cities are too small. They need more people to survive.

@reekhavoc2932 9 дней назад

I agree. Rent control needs to happen. The rent is too high

@BrandonMirrors 14 дней назад

Getting off the gold standard was the worst idea ever

@tk80mufa5 11 дней назад

I would add the income tax and universal suffrage as well.

@sten260 11 дней назад

true, at least gold somewhat limited the government spending

@gideondejongh838 10 дней назад

Uh yep, and every country that drank that kool-Aid is finding that out the hard way right now.

@davidhill850 9 дней назад

Except the gold standard didn't work. Thats why we left it. There was not enough gold to run this or any other economy properly.

@sten260 8 дней назад

@@davidhill850 gold standard works fine for any economy, it doesn't make sense that there isn't enough gold... you can just reduce the prices of things relative to gold, when economy grows the prices of things get cheaper. The reason why they left it because they printed way more dollars than they had gold, so they had no choice to leave gold

@hourbee5535 14 дней назад

Ukraine, Israel and Taiwan apparently need our funds more.

@retro527 14 дней назад

Taiwan absolutely yes. We need their semiconductors. Ukraine and Israel? I don't know what they really offer especially Israel and our strange obsession with doomsday.

@sammarsh9197 14 дней назад

Very True. NO MORE SPENDING ANYWHERE BUT HERE

@jonathanpowell9979 14 дней назад

Cheaper in the long run to keep your allies strong then to lose them for good.

@duerf5826 14 дней назад

@@retro527 Ukraine is a major wheat exporter. Its wheat export is incredibly important to northern African countries, and if that is disrupted and a bunch of North Africans go hungry, where do you you think they're gonna flee to? Not to mention that Russian aggression westward puts the Europeans on edge, and in that case they're less likely to buy luxury goods like iPhones and Teslas costing American jobs. Israel is a MAJOR US ally in the Middle East. It's like the FBI having a snitch the 'hood to know what tf is going on. Losing Israel is NOT an option. Israel itself also a provider high-tech services especially cybersecurity. To say that Ukraine and Israel are not important is shortsighted. Instability costs a lot of money and you either spend some money to plug the hole now or spend A LOT more money later on to clean up the mess.

@jonathanferrer5962 14 дней назад

@@retro527 Israel is our only ally in the Middle East and Ukraine is a cash cow in the making for a rebuild if they win the war.

@user-jm7gw5lm3i 7 дней назад

We require cities to have a balanced budget; but our federal government is running an ever larger deficit!

@palirvin1871 9 дней назад

I"m over 60 and in my lifetime I can't recall too many instances where municipalities underestimated future income growth. THey more often than not 'overestimate' future incomes and 'underestimate' future expenses. it's the root of all of their debts.

@maulerXX 14 дней назад

This video never explained why city revenues are falling.

@growtocycle6992 14 дней назад

Tax cuts or failure to increase taxes with increased spending... Obvious

@niilespunkari8832 12 дней назад

i.e., crime and corruption.

@tk80mufa5 11 дней назад

@@growtocycle6992you forgot high earning ( tax paying ) businesses leaving NYC since the summer of 'love' 2020 like rats a sinking ship. RU-vidrs Louis Rossman and Cash Jordan have chronicled NYC's downfall. They even have an exit tax to prevent you from leaving , NYC is nothing but a bunch of corrupt crooks who are indistinguishable from the mob.

@nuevision8 11 дней назад

People moving out of cities. People not spending money in cities due to higher city sales tax rates. People not going into cities on weekends. Higher crime rates & higher insurance rates in cities.

@PodcastClips23969 10 дней назад

Tax payers are leaving because of crime and high taxes

@Souchirouu 12 дней назад

It is honestly crazy how incompetence is allowed to stay. If this wasn't the government but a private business these people would have been fired long ago and be replaced with someone who does deliver work that meets the mandates set by policy. It is because of their incompetence that regular citizens now have to suffer and somehow this has 0 repercussions to the people who failed their oath to the people and their mandates. Better yet they probably get a pay raise or promotion instead :| Then you wonder why most cities are turning into a debt bubble that WILL implode at some point.

@rolandowagner7775 9 дней назад

If politicians behaved in private business like they do in government, the vast majority would be convicted of numerous crimes.

@AnonymousStranger-up5he 6 дней назад

Government should never be allowed to go into debt in the first place.

@redstarfarms2778 8 часов назад

for all the money this country has given away we could have had free education, free healthcare, and fixed immigration.

@mustafabransfield340 14 дней назад

Anytime i went broke in simcity i just took out 3 high interest loans

@catmelvin997 14 дней назад

feel the sudden urge to play sim city 3000 again

@nuevision8 11 дней назад

You mean, every time you went broke, you were able to get financing to go broke again ?

@cjmarsh504 9 дней назад

SimCity 4 vibes right now. I would do the same thing 🤣, or do the side missions (crooked stuff) to keep the balance afloat. Lol

@kineticstar 14 дней назад

Maybe we don't give billions to billionaires to fund vanity stadium projects, and we force cops to pay for their own insurance bailouts when they do something to get the city sued as a start.

@republicunited2183 14 дней назад

Or illegals, foreign countries, etc.

@Dave-qi3ft 14 дней назад

Translation: I missed economics 101.

@chan13153 14 дней назад

@@Dave-qi3ft Nah so many studies by economist has shown that sport stadium are not worth the investment. They in fact do not bring in more money than the cost of the stadiums. Time and time again that notion of a sports team generating tons of money for the city has been proven wrong.

@Dave-qi3ft 14 дней назад

@@chan13153 sports stadiums have nothing to do with deteriorating cities.

@mr.bigsquid8422 14 дней назад

@@Dave-qi3ft town’s taxpayers funding a multi billion dollar stadium isn’t burdensome?

@TheodoreRandolph 6 дней назад

The big problem with U.S. cities is the housing shortage. It doesn’t matter how much they spend: As long as they refuse to build more housing then all the spending is wasted.

@ill7066 9 дней назад

"The government you elect is the government you deserve." -Thomas Jefferson

@Mr.Boring_Man 14 дней назад

Lots of permanent programs started with temporary funds. My city seems to only add programs. For some reason they have a hard time scaling back or removing services that are no longer needed. They have blown through the pandemic money after using it to plug budget shortfalls and continue to raise taxes. Now, the new hustle is too overvalue your home to levy more property taxes. People are getting hit with $100k increased assessments in a year and they've done nothing to the hone and no new development is in the area. Smh.

@guardianoffire8814 14 дней назад

NGO industrial complex has taken over most countries across Canada, Western Europe and the United States. Its these days one of the largest employers often getting billions in govt support. Like most things NGOS want problems to continue to make money to cover their wages, executive compensation packages, and health benefits. You also have many politicians and their families making money indirectly from these programs to avoid accusations of corruption.

@mohammedsarker5756 14 дней назад

@@guardianoffire8814 you get it. We need to crack down on corrupt NGOs, rebuild state capacity and implement upzonings/densification as well as a land value tax

@bobroberts2217 13 дней назад

Jesus it’s not NGOs or George Soros. It’s literally American Rescue Plan Act getting spent before they lose it all. Sorry I don’t have a more interesting conspiracy theory answer to keep you engaged. The truth is really boring I hate to tell ya.

@garybulwinkle82 13 дней назад

They do this to keep paying the people they hired even though they are no longer needed!! It a Democrat thing!!! If they keep these people dependent on the Government jobs they will continue to vote Democrat! If these people are forced to actually earn their money by providing a service or producing a product they learn the lessons that Capitalism teaches them!!

@sten260 11 дней назад

that's how government works, once they implement something ,you can't get rid of it anymore. It's in their best interest to keep the program going because otherwise they would have to find another job

@cosmicclusters3255 14 дней назад

love to see corruption not on this list. thats the root of alot of our issues but no one ever talks about.

@AlmightyDude420 14 дней назад

Absolutely right

@badpuppy3 14 дней назад

Corruption is like 1% of the problem. Completely over blown

@user-fm7ht2bt2c 13 дней назад

You wish. it's incompetence more than anything

@garybulwinkle82 13 дней назад

@@user-fm7ht2bt2c Let's call it what it is, stupidity!

@strawberriesncandii 10 дней назад

@@badpuppy3Corruption is a huge part. There are laws created and social behaviors allowed to tank they economy. Look at how much blue cities are prioritizing illegal aliens over taxpaying citizens. Look at the homeless industrial complex in LA and San Francisco alone. There was an article that said that California mismanaged $24 billion in funds to fix the homelessness problem. But there are non profit workers getting paid a quarter million dollars a pop. Why would they want to stop or fix this problem when it’s making them money. Two people recently were arrested recently spending part of those funds renting a lavish house in Beverly Hills and spending on luxury cars and dinners. Corruption and greed, incentivizing poor behavior and poor work ethic, protecting criminals, over regulation, and overspending are huge problems with specially in San Fran, NYC, LA, and Chicago.

@demajeahopkins778 7 дней назад

The whole world can’t be broke, the money has to flow somewhere

@haweater1555 7 дней назад

Reason is obvious: cities tend to have expenses and obligations that benefit small places that don't contribute.

@dantesinfernopurgatory7826 14 дней назад

>Why U.S. Cities Are Going Broke Progressive policies to start...

@nishiljaiswal2216 14 дней назад

yea the policies that fuel mindless suburban sprawl

@gregoryturk1275 13 дней назад

Those are progressive?

@dantesinfernopurgatory7826 12 дней назад

@@gregoryturk1275 That's what they call it. A more accurate term is "regressive".

@sten260 11 дней назад

big bloated governments, public services, welfare and you get bankrupt cities. Need to go back to capitalism because that used to work better

@Josec805sb 14 дней назад

they are just telling us how bad its becoming without pushing action to change it and incrementally we throw our hands up and just accept the new norm. its like they are preping us for these changes and before you know it we dont realize we accepted them overtime.

@beingsshepherd 12 дней назад

As with the Iraq War. We gasped at the atrocities for 5 years, now civilian drone-kiling isn't even controversial.

@capmarketer5038 5 дней назад

NYC lost 80,000 affordable housing units cuz it was too dysfunctional to track them LOL

@phil00075 7 дней назад

Empty office buildings due to remote work, plus empty downtown restaurants due to remote work - not mentioned.

@pilo711 14 дней назад

Is called corruption

@ninzki143 14 дней назад

ding-ding....

@jordanfgfox7237 14 дней назад

No it's the people in charge in the US government stop blaming businesses and blame the main issue that is using our taxpayer dollars ill responsibly

@Gazelle871 14 дней назад

Seriously, what does that mean? It baffles me how many people blame everyone in government whilst barely knowing how their government works in the first place.

@ninzki143 14 дней назад

@@Gazelle871 u haven’t seen the news lately about the city of Los Angeles corruption and racketeering?

@keithjackson2035 14 дней назад

Exactly!

@Charlotte03849 11 дней назад

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

@PranatiSahoo-yg3gp 11 дней назад

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.

@sara_top80 11 дней назад

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

@keithcarvey48 11 дней назад

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

@toni_leyn 11 дней назад

Thanks to Mrs Maria Davis.

@toni_leyn 11 дней назад

She's a licensed broker here in the states

@TuckaBuck89 8 дней назад

"..cut services or benefits..." How about stop spending so much on non-core items? Ever think of that? Course not, politicians always want to increase spending, taxes, and fees (and property values) and NEVER want to cut spending. They may shift around the spending i.e. some get less, some get more, but never is the overall spending cut. God forbid they should cut something like sanctuary city policies (food, housing, medical, free checks, etc), providing drugs and paraphernalia to drug users, funding special interest orgs that somehow always seem that the presidents/directors have $100k vehicles, matching salaries, well-funded staff while very little is done for their target groups, advisory individuals and groups (I thought the cities had staff whose families depend on the salary earner and thereby the salary earner has a vested interest in ensuring the city prospers, rather than a one-and-done jerk). So much waste and needless spending while the tax-paying citizens get screwed. Elections matter.

@buravan1512 8 дней назад

CITIES make STATES... STATES make a COUNTRY... in order words it's the US as a Country that is going down 👇🏼 "Let's just be Frank here"

@investingTE 11 дней назад

Funny how they didn't bring up the effects of remote working, but then spoke to potentially raising property taxes as a recourse to aid the deficits.

@Fellowtellurian 14 дней назад

They are going broke because of corruption. The bidding process does not encourage competition and instead rewards the projects to friends of politicians. I have worked on projects in the suburbs and in the city and the mark up for work in the city is INSANE and the quality is not better.

@JasonBatemanC 6 дней назад

Is there a correlation between party affiliation and fiscal sickness?

@daveyoung3857 8 дней назад

We need LESS government. They spend and waste so much money. So glad I don't live in NYC. The govt arrogance is killing the city

@WhatifAltHist 10 дней назад

I’m 22. Why am I expected to spend the rest of my life paying for the Boomer’s party. Also, why do they keep on raising more money or taxes rather than cutting costs

@SoCalFreelance 4 дня назад

"You'll own nothing and be happy" ~ World Economic Forum

@N0Xa880iUL 14 дней назад

Watch strong towns and not just bikes to get the answer.

@Northwest360 14 дней назад

Fantastic channels 🙌🏻 oh the urbanity and Second Thought are also great ones

@cmair77 14 дней назад

Exactly

@buddy1155 14 дней назад

@@Northwest360 oh the Urbanity not really, never based on science just their feelings. If anything they do more harm than good.

@Northwest360 14 дней назад

@@buddy1155I like the content on the missing middle housing. Can’t wait to visit Montreal because of it

@strongtowns 14 дней назад

👀

@thku4grace 10 дней назад

The obvious problem in New York is one of perspective. NY Comptroller: "Right now we have about $96B of debt outstanding, currently the way the debt ceiling works, we could borrow up to about $125B. So we have $25-$30B of room". No! All this spending isn't from infrastructure. Plenty spent on maintenance and interest. Another $25B-$30B is digging deeper in a hole we can't get out of now. The population is dropping year by year, and those aren't the welfare recipients leaving. That's the tax base. This isn't coming back. Have to raise more tax revenue on a middle class dealing with significantly higher inflation since 2020.

@saddingus7850 10 дней назад

why are they in trouble? because the middle class is dead. people are living in their cars because they cant afford housing near their jobs, if theyre lucky enough to have a job, which of course removes more tax income from the cities, who then have to raise it by putting the burden on the people who are actually lucky to still have any money. then we blame the poor for being lazy. while in reality, its the wealthy who have sucked the country dry, get around paying taxes any way they can, and want MORE! concentrated wealth never works. the corporations and investment speculators have destroyed this country from within. people are worried about foreign actors ending the US? all they need to do is wait, the greed of the few will do it for them.

@rjwagz 14 дней назад

This video completely misses the mark. Cities are in financial trouble because of overly car-centric zoning and land use laws, with single family zoning being a huge part of this. Lawns and roads don't pay city taxes.

@TheResidance 14 дней назад

And they require more infrastructure for less people too

@24killsequalMOAB 14 дней назад

It's what happens when people don't own the land they have "ownership" of.

@inorite4553 14 дней назад

This is one of the smartest comments I've seen. People have moved out as the space has been taken up by parking lots, streets and lawns. Those people in the burbs benefit from the city but don't pay towards it.

@rjwagz 14 дней назад

@@inorite4553 thanks. I was basically summing up what I know from studying up on urbanism on youtube. Strong Towns and Not Just Bikes are a couple good channels for that.

@Demopans5990 14 дней назад

@@inorite4553 Does explain all the ruckus about NYC implementing congestion taxes. On top of the fact that non-NY E-ZPass tags pay a higher toll

@dehoyosrudolph8885 14 дней назад

Can’t pay bills now, how could they pay back the bonds later, with interest!!

@DefinitelyNotRin 14 дней назад

People say debt is the way to build wealth but more often you're just delaying bankruptcy.

@stephenc2481 14 дней назад

@@DefinitelyNotRin ...lol. it is literally what billionaires/millionaires do. keep cash under your bed and you are guaranteed to be poor.

@randomguy7175 14 дней назад

US can print dollars like no nation on earth. Need to use printing machine

@noneshere 14 дней назад

Cyprus Bail In coming to America soon. You owe it to your country for letting welfare recipient government run your finances.

@madbug1965 14 дней назад

This is why I vote NO on all bonds...

@NotDeadYetIWBB1D 8 дней назад

Charles Marohn Jr of Strong Towns has been talking about this subject since the 2010s. Major infrastructure projects lack substance in ROI, politically favourable decisions are made without economic considerations, and long-term outlooks. Most of North American cities are extremely overleveraged, and are ticking financial timebombs

@stephenphillips6245 14 дней назад

Problem with asset cost inflation is that it increases the cost to maintain it as well. The cost of everything rises making it harder to hold.

@JaceFalcon 11 дней назад

The super rich want you to give cobtrol to a super rich asset holder

@CFITOMAHAWK2 11 дней назад

@@JaceFalcon Most poor people pay zero taxes in USA while using my taxes money for roads, schools for their moron kids, and more services they use, but dont pay. Want to bet on that ?

@alphaomega1351 14 дней назад

Clearly, this debt based economic system is not working. Everywhere you look, extreme debt, debt, and more debt! Isn't it about time to throw in the towel and come up with something that makes a lot more sense? 🤔 The status quo is not sustainable!

@nbkw2ae 13 дней назад

My thoughts exactly. The entire system created in the early 1900s appeared to work because it was Ponzi scheme predicated on debt. The system is not sustainable

@justicedemocrat9357 12 дней назад

This debt based economic system has lifted billions of people out of poverty so stop crying you have no idea what you're babbling about.

@CandiceMMartinez 12 дней назад

@@justicedemocrat9357 And what happens when there aren't enough taxpayers left to fund the debt? The people being kept afloat by debt will starve.

@tk80mufa5 11 дней назад

@@justicedemocrat9357 maybe don't accuse people of "babbling about" when your comment lacks any kind of substance. But of course your nickname says it all...

@mediaisthevirus 11 дней назад

@@justicedemocrat9357found the ponze lover

@commanderpower79 8 дней назад

The Answer to this question is simple. Stop Voting Democrat. Those people have lost their minds.

@RodSherwood1 9 дней назад

When you have more people taking then contributing, this is what happens.

@AzureAlliance31 14 дней назад

Not a word about upzoning economically unsustainable low density areas. Not a good look, CNBC

@FullLengthInterstates 13 дней назад

American incomes are very, very high. This allows us to pay for inefficient low density systems, even if it means paying federal taxes that are then used to bail out failing suburbs.

@draganpenchev 12 дней назад

Not a word about the corruption too . Obviously it does not exist .

@justicedemocrat9357 12 дней назад

OMG no one cares about upzoning stop crying about upzoning.

@Brownyman 14 дней назад

If you commit credit fraud targeting an adult you’re called a criminal. But if you commit credit fraud targeting unborn children you’re called a politician 👍

@starventure 8 дней назад

Funny thing is the whole defrauding the unborn is basically what happened in China, and now they are in full scale panic to try to get women to have babies.

@amazon4716 8 дней назад

Sales tax going down is not going to help. Lift the tariff tax on other nations Decrease the bank interest rates Etc. I bet that would get the economy going again.

@amnatnevarroanandan4320 6 дней назад

when your country try to lecture other country this is what happen

@seandunagan8366 14 дней назад

LOL at NBC listing the mayor of Chicago as "Brandon Scott"

@josephfisher426 13 дней назад

Chicago wishes it had a mayor as inconsequential as Brandon Scott. At least he doesn't break things.

@alainportant6412 12 дней назад

@@josephfisher426 no because he is blakc

@beingsshepherd 12 дней назад

Let's go Brandon!

@goneviral8814 12 дней назад

At the end of the day, anything thats not backed by gold is all a Big A$$ ponzi scheme 😅😂😅😂

@RUHappyATM 8 дней назад

What about crypto? LMAO.

@Brandonmichaelc 8 дней назад

It could be backed with the Nation's GDP, natural resources and other assets. Which would create an incentive to produce here at home.

@noammichael5592 9 дней назад

“Stagnant revenue growth” is what happens when no one can afford to live in your city and either A: moves out or B: has limited spending ability due to the high cost of living.

@pgppe9488 5 дней назад

Stop all the handouts for people who make the decision to not work and provide for themselves and their love ones. Train people how to be self sustaining, so they become more productive start paying taxes and saving for their retirement.

@Krynale 14 дней назад

If y'all think this is strictly an American problem, you're kidding yourself. This is happening worldwide.

@jennifertarin4707 14 дней назад

And a lot stems back to the covid lockdowns

@noneshere 14 дней назад

Actually no it isn't.... The Swiss , Netherlands, Saudi Arabia, Iran, and Taiwan all live on surplus money.

@Krynale 14 дней назад

@@noneshereActually yeah it is...I know it happens in the UK, Canada, Spain, Italy, Portugal, Australia. Debt is the reason why Dubai went bankrupt in '08 and had to get bailed out by Abu Dhabi. So don't act like debt doesn't exist in the jurisdictions you mentioned.

@WinahhTaylahh 13 дней назад

@@Krynale Lol, I'm Australian and I know damn well we don't have these issues, nice try but it IS soley an American thing, believe me😉

@Krynale 13 дней назад

@@WinahhTaylahh I'm in Montreal, Canada and we have similar issues with infrastructure and transit system as the USA. So no it's not strictly an American problem, I have yet to see a major city in the world not offering bonds (debt) to finance itself, but nice try though.