Episode Details

In this video, I discuss the recent announcement from NYC Mayor Zohran Mamdani that the supposed budget deficit has been solved, despite him not getting tax increases or cutting any of his new spending. As I explain in this video Mamdani actually gets the budget "balanced" by taking a massive state bail out & refusing to fund NYC's pensions, a maneuver that has actually led to a credit downgrade & Chicago as well as NYC's 1970s bankruptcy

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Sources:

Mamdani's Propaganda: https://x.com/NYCMayor/status/2054255351340421585

Article Explaining Why This Is A Disaster: https://nypost.com/2026/04/27/opinion/mamdanis-plan-to-delay-pension-payments-echoes-the-schemes-that-brought-nyc-to-near-bankruptcy/

Another Article That Explains This SCAM: https://www.forbes.com/sites/nathangoldman/2026/05/13/3-key-takeaways-from-mamdanis-historic-1247-billion-nyc-budget/

Chicago Downgraded This Year For This Scheme: https://www.kbra.com/publications/ycHGdGMP/kbra-downgrades-the-city-of-chicago-il-general-obligation-bonds-to-bbb-assigns-bbb-rating-to-the-city-s-general-obligation-bonds-taxable-series-2026a-and-general-obligation-bonds-series-2026b-outlook-remains-negative

Billionaire DESTROYS Mamdani: https://youtu.be/ox_jnSoPByk

My Last Video On This: https://youtu.be/laEmJpbkWF0

Full Mamdani Budget Announcement Press Conference: https://www.youtube.com/live/rteQByAaCJ8?si=yj3p6tqfpP6W_7mG

Mamdani Preemptive Tweet: https://x.com/NYCMayor/status/2023791652146442545 

My Previous Video On The NYC Budget: https://youtu.be/ePwqgj20Y6o

Mamdani Press Event: https://www.youtube.com/live/qNIHfEF2DAE?si=eoFy_l4pLxye3RXk

Adams Warning Of $12 Billion Deficit: https://x.com/RezaC1/status/2016715674786082887

#ZohranMamdani #BudgetCrisis #IamSean90 

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