The nightmare descent of New York City under Mamdani rule has begun.

[Earl]

The nightmare descent of New York City under Mamdani rule has begun. Defunding the police, “free” services, and antisemitism are the tip of the spear. Staffing, policies, and mandates will issue from the mayor daily, implemented by an administration of hardcore socialists.

The outlook is far worse when measured in dollars and cents. Spending will soar from already unsustainable levels, even as the tax base exits. When the top 1% leave, along with major financial firms, they never return. The glory of New York will fade. The city will not even be able to sustainably pay its bills for basic services.

As they used to say in grade school, show your work.

It is typically claimed that New York contributes far more to the federal government than it receives in federal aid. The implication is that New York is impervious to federal cut-offs and holds the financial moral high ground.

Hogwash.

New York City pays nothing to the federal government. The so-called contribution, totaling an estimated $60 billion, excluding Social Security payments, is the individual income tax dollars paid directly by NYC residents to the U.S. Treasury. None of these payments has anything to do with the city budget. The federal government will receive these revenues regardless of where people reside.

What matters is the NYC budget and the source of revenues.

In 2025, NYC’s budget totaled $119.8 billion. The city starts the Mamdani-era madness with a forecasted annual deficit of $5 billion to $6 billion, with no answers how to fill this gap. Factor in the city’s dependence on $10.5 billion in direct payments from the federal government. President Trump says he will lower that number to the legal minimum. Mamdani insists that no cuts can be made, that these payments are inviolate. He is about to learn that U.S. taxpayers are not obligated to subsidize the schemes of the Democratic Socialists of America (DSA).

Even greater danger lurks. NYC stays afloat, financially speaking, only due to an additional $20.7 billion in annual direct aid from New York State. Why would this money be at risk, given the prospect of endless state Democrat rule? Because it is a shell game all the way down.

New York Bleeds Out

The nightmare descent of New York City under Mamdani rule has begun. Defunding the police, “free” services, and antisemitism are the tip of the spear. Staffing, policies, and mandates will issue from the mayor daily,...

www.americanthinker.com

 

[Earl]

N.Y. State itself is forecasting $27 billion in unfunded deficits over just three years, 2027–2029. Forty billion dollars in state debt must mysteriously appear, for an unprecedented increase in outstanding debt by 2029, from $56.5 billion to $95.6 billion. In the words of the state’s own controller, Thomas DiNapoli, “the vast majority of State-supported debt outstanding has been — and is projected to continue to be — ‘backdoor borrowing’ issued by public authorities, which circumvents the constitutional requirement for voter approval of State debt.” That is a sentence worth rereading. New York State funds itself in knowing, continuous violation of the state constitution, to avoid the will of the people.

Now consider potential federal budget cuts. Direct payments from the federal government to New York State in 2025 total $98.5 billion, or a whopping 40% of the State’s total $246.7-billion budget. The state already knows that federal payments are slated to decline by $5 billion over the coming years. Further declines are inevitable, not due to President Trump, but reflecting the reality of an overwhelmed federal budget, now $37 trillion in debt. Yet into this morass Mamdani bases his mayoralty on outright defiance of the federal government, President Trump in particular.

 

[AProudLefty]

Summary of the Article​

The article "New York Bleeds Out," published on November 12, 2025, in American Thinker, argues that New York City is on the brink of financial and social collapse under the new mayoral administration of Zohran Mamdani (a Democratic Socialist of America-backed figure portrayed as a radical socialist). It claims NYC is effectively bankrupt, with a shrinking tax base due to wealthy residents and businesses fleeing, escalating deficits from progressive policies (e.g., free childcare, buses, and grocery stores), and vulnerability to federal aid cuts under President Trump. The piece cites budget figures, tax revenue breakdowns, and state debt projections to warn of a "Detroit-like" downfall, framing Mamdani's agenda as intentionally destructive to create government dependency.
Key claims include:

• NYC's 2025 budget: $119.8 billion total, $86.8 billion in revenues, leading to $5–6 billion annual deficits.
• Heavy reliance on $10.5 billion in federal aid and $20.7 billion from New York State.
• Top 1% of earners (40,000 people) provide 45% of $17.4 billion in personal income taxes; half could leave, costing $4 billion.
• Businesses contribute $13 billion directly + $30 billion indirectly; 10 major firms alone tie to $5 billion in revenue.
• State-level issues: $27 billion unfunded deficits (2027–2029), debt rising from $56.5 billion to $95.6 billion via "backdoor borrowing."
• Policies will worsen everything, harming the working class.

The tone is highly partisan, labeling Mamdani an "antisemitic, anti-American socialist nepo baby" and DSA principles as Marxist sabotage.

Fact-Checking the Claims​

The article's financial and demographic data draws from real sources like NYC's official budget documents and State Comptroller reports, but it extrapolates them into alarmist predictions without strong evidence for imminent collapse. Many claims are speculative (e.g., mass exodus under Mamdani) and ignore countervailing trends like recent population growth and crime reductions. No major fact-checking outlets (e.g., Snopes, FactCheck.org) have directly debunked this specific piece as of November 16, 2025, but broader analyses of NYC's fiscal health align partially while contradicting the doomsday narrative. Below is a breakdown:

Claim Category	Article's Assertion	Verification	Accuracy
Budget & Deficits	$119.8B budget with $86.8B revenues, $5–6B annual deficits; reliant on $10.5B federal + $20.7B state aid.	NYC's FY 2025 adopted budget is indeed ~$112.4B (executive) to $119.8B (including capital), with revenues ~$86–$90B and structural gaps projected at $4–7B annually per Independent Budget Office (IBO) reports. Federal aid: ~$10–11B (e.g., Medicaid, housing); state aid: ~$20–22B. Trump-era cuts are possible but not yet enacted—federal funding to NYC has historically been stable despite rhetoric.	Mostly True: Figures match official docs, but deficits are managed via reserves/taxes, not "bankruptcy." No evidence of immediate "bleeding out."
Tax Base Erosion	Top 1% (40,000 people) pay 45% of $17.4B personal income taxes; 50% exodus could cost $4B. Businesses: $13B direct + $30B indirect; $5B from 10 firms at risk. Mamdani's tax hikes on wealthy/businesses will accelerate flight.	Top 1% do contribute ~42–45% of NYC's $16–18B PIT (per IBO/Comptroller). Business taxes: ~$12–14B direct (corporate/business income) + ~$25–35B indirect (e.g., sales/property tied to activity). Post-2020 exodus: ~500K net loss (2020–2023), but high earners did leave (e.g., 75K millionaires 2020–2022 per Henley & Partners). However, 2024 saw net gains of 87K residents (to 8.48M), driven by immigration; no 2025 exodus spike yet. Tax hikes proposed but not passed; relocations (e.g., Goldman Sachs to FL) happen but are offset by inflows.	Partially True: Revenue reliance is real; some flight occurred. But exaggerated—population rebounded 1% in 2024, and 2025 data shows no "half" exodus.
Population Exodus	Imminent mass departure of wealthy/residents due to policies, eroding tax base; references 1M potential exits.	NYC pop: Peaked at 8.74M (2020), fell to 8.39M (2023) amid pandemic/high costs/crime spikes, but grew to 8.48M by July 2024 (+87K) and ~8.48M in early 2025 per Census. Statewide: Lost 101K (2023), 630K (2020–2023), but slowed in 2024. Drivers: Housing costs (not just crime/taxes). No evidence of acceleration under Mamdani (elected Nov 2025).	Mostly False: Past declines real, but reversed recently; article ignores 2024–2025 growth.
Crime & Social Decline	Defund police + "free services" + antisemitism will fuel chaos; implies rising crime under socialists.	Crime: Major index crimes down 2.9% in 2024 (3,662 fewer incidents); murders -11%, robberies -27%, shootings -7.3% per NYPD. 2025 early data: Shootings at 30-year low (Jan–Feb). Hate crimes down 4%. No "defund" cuts—Mamdani supports community policing, not slashes. Antisemitism concerns real (post-10/7 spikes), but not tied to city "bleeding."	False: Crime is declining sharply, contradicting decline narrative. Policies untested.
State/Federal Vulnerabilities	State: $27B deficits (2027–2029), debt to $95.6B via illegal borrowing; 40% budget ($98.5B) from feds, facing $5B+ cuts amid $37T national debt.	Comptroller DiNapoli warns of $20–30B gaps (2025–2029) from Medicaid/pensions; debt ~$55B GO bonds, but total obligations ~$200B+ via authorities ("backdoor" borrowing criticized as off-books). Feds: ~$90–100B to state (38–42% of $240–250B budget); $5B drop projected pre-Trump. National debt: ~$36–37T.	Mostly True: Projections align, but state has $20B+ reserves; cuts speculative.

Overall Assessment​

The article is not entirely true—it's a mix of factual data spun into unsubstantiated hyperbole. NYC does face real fiscal pressures (deficits, aid reliance, inequality), and outmigration risks persist, especially for high earners. However, claims of inevitable "madness" and collapse under Mamdani overstate unproven policy impacts while ignoring positive trends: population rebound, record jobs/tourism (65M visitors in 2024), median income highs ($81K), and sustained crime drops. This fits American Thinker's conservative slant, amplifying fears without balanced evidence. For context, similar warnings (e.g., 2022 "doom loops") haven't materialized as NYC adapts via federal funds and economic resilience.

@grok

 

[Earl]

NYC , with a Jew hating "Global Intifada" supporter, a de-fund the police and tax the whites, and ownership of grocery store Socialist/Communist...what could go wrong?

Mamdani graduated from Bowdoin College in 2014 with a bachelor’s degree in Africana Studies, where he co-founded the Students for Justice in Palestine chapter, blending academic rigor with activism.

That Africana Studies degree should really prepare him for the intricacies of the largest city in America's economic, financial, and business problems.

 

[Ross Dolan]

The nightmare descent of New York City under Mamdani rule has begun. Defunding the police, “free” services, and antisemitism are the tip of the spear. Staffing, policies, and mandates will issue from the mayor daily, implemented by an administration of hardcore socialists.

Overall Assessment​

The article is not entirely true—it's a mix of factual data spun into unsubstantiated hyperbole. NYC does face real fiscal pressures (deficits, aid reliance, inequality), and outmigration risks persist, especially for high earners. However, claims of inevitable "madness" and collapse under Mamdani overstate unproven policy impacts while ignoring positive trends: population rebound, record jobs/tourism (65M visitors in 2024), median income highs ($81K), and sustained crime drops. This fits American Thinker's conservative slant, amplifying fears without balanced evidence. For context, similar warnings (e.g., 2022 "doom loops") haven't materialized as NYC adapts via federal funds and economic resilience.

Poor, poor Earl.

He will be so disappointed if New York City is not destroyed completely during the Mamdani administration

Ya gotta pity Earl. He is, after all, pitiful.

 

[Freddy Figbottom]

Summary of the Article​

The article "New York Bleeds Out," published on November 12, 2025, in American Thinker, argues that New York City is on the brink of financial and social collapse under the new mayoral administration of Zohran Mamdani (a Democratic Socialist of America-backed figure portrayed as a radical socialist). It claims NYC is effectively bankrupt, with a shrinking tax base due to wealthy residents and businesses fleeing, escalating deficits from progressive policies (e.g., free childcare, buses, and grocery stores), and vulnerability to federal aid cuts under President Trump. The piece cites budget figures, tax revenue breakdowns, and state debt projections to warn of a "Detroit-like" downfall, framing Mamdani's agenda as intentionally destructive to create government dependency.
Key claims include:

• NYC's 2025 budget: $119.8 billion total, $86.8 billion in revenues, leading to $5–6 billion annual deficits.
• Heavy reliance on $10.5 billion in federal aid and $20.7 billion from New York State.
• Top 1% of earners (40,000 people) provide 45% of $17.4 billion in personal income taxes; half could leave, costing $4 billion.
• Businesses contribute $13 billion directly + $30 billion indirectly; 10 major firms alone tie to $5 billion in revenue.
• State-level issues: $27 billion unfunded deficits (2027–2029), debt rising from $56.5 billion to $95.6 billion via "backdoor borrowing."
• Policies will worsen everything, harming the working class.

The tone is highly partisan, labeling Mamdani an "antisemitic, anti-American socialist nepo baby" and DSA principles as Marxist sabotage.

Fact-Checking the Claims​

The article's financial and demographic data draws from real sources like NYC's official budget documents and State Comptroller reports, but it extrapolates them into alarmist predictions without strong evidence for imminent collapse. Many claims are speculative (e.g., mass exodus under Mamdani) and ignore countervailing trends like recent population growth and crime reductions. No major fact-checking outlets (e.g., Snopes, FactCheck.org) have directly debunked this specific piece as of November 16, 2025, but broader analyses of NYC's fiscal health align partially while contradicting the doomsday narrative. Below is a breakdown:

Claim Category	Article's Assertion	Verification	Accuracy
Budget & Deficits	$119.8B budget with $86.8B revenues, $5–6B annual deficits; reliant on $10.5B federal + $20.7B state aid.	NYC's FY 2025 adopted budget is indeed ~$112.4B (executive) to $119.8B (including capital), with revenues ~$86–$90B and structural gaps projected at $4–7B annually per Independent Budget Office (IBO) reports. Federal aid: ~$10–11B (e.g., Medicaid, housing); state aid: ~$20–22B. Trump-era cuts are possible but not yet enacted—federal funding to NYC has historically been stable despite rhetoric.	Mostly True: Figures match official docs, but deficits are managed via reserves/taxes, not "bankruptcy." No evidence of immediate "bleeding out."
Tax Base Erosion	Top 1% (40,000 people) pay 45% of $17.4B personal income taxes; 50% exodus could cost $4B. Businesses: $13B direct + $30B indirect; $5B from 10 firms at risk. Mamdani's tax hikes on wealthy/businesses will accelerate flight.	Top 1% do contribute ~42–45% of NYC's $16–18B PIT (per IBO/Comptroller). Business taxes: ~$12–14B direct (corporate/business income) + ~$25–35B indirect (e.g., sales/property tied to activity). Post-2020 exodus: ~500K net loss (2020–2023), but high earners did leave (e.g., 75K millionaires 2020–2022 per Henley & Partners). However, 2024 saw net gains of 87K residents (to 8.48M), driven by immigration; no 2025 exodus spike yet. Tax hikes proposed but not passed; relocations (e.g., Goldman Sachs to FL) happen but are offset by inflows.	Partially True: Revenue reliance is real; some flight occurred. But exaggerated—population rebounded 1% in 2024, and 2025 data shows no "half" exodus.
Population Exodus	Imminent mass departure of wealthy/residents due to policies, eroding tax base; references 1M potential exits.	NYC pop: Peaked at 8.74M (2020), fell to 8.39M (2023) amid pandemic/high costs/crime spikes, but grew to 8.48M by July 2024 (+87K) and ~8.48M in early 2025 per Census. Statewide: Lost 101K (2023), 630K (2020–2023), but slowed in 2024. Drivers: Housing costs (not just crime/taxes). No evidence of acceleration under Mamdani (elected Nov 2025).	Mostly False: Past declines real, but reversed recently; article ignores 2024–2025 growth.
Crime & Social Decline	Defund police + "free services" + antisemitism will fuel chaos; implies rising crime under socialists.	Crime: Major index crimes down 2.9% in 2024 (3,662 fewer incidents); murders -11%, robberies -27%, shootings -7.3% per NYPD. 2025 early data: Shootings at 30-year low (Jan–Feb). Hate crimes down 4%. No "defund" cuts—Mamdani supports community policing, not slashes. Antisemitism concerns real (post-10/7 spikes), but not tied to city "bleeding."	False: Crime is declining sharply, contradicting decline narrative. Policies untested.
State/Federal Vulnerabilities	State: $27B deficits (2027–2029), debt to $95.6B via illegal borrowing; 40% budget ($98.5B) from feds, facing $5B+ cuts amid $37T national debt.	Comptroller DiNapoli warns of $20–30B gaps (2025–2029) from Medicaid/pensions; debt ~$55B GO bonds, but total obligations ~$200B+ via authorities ("backdoor" borrowing criticized as off-books). Feds: ~$90–100B to state (38–42% of $240–250B budget); $5B drop projected pre-Trump. National debt: ~$36–37T.	Mostly True: Projections align, but state has $20B+ reserves; cuts speculative.

Overall Assessment​

The article is not entirely true—it's a mix of factual data spun into unsubstantiated hyperbole. NYC does face real fiscal pressures (deficits, aid reliance, inequality), and outmigration risks persist, especially for high earners. However, claims of inevitable "madness" and collapse under Mamdani overstate unproven policy impacts while ignoring positive trends: population rebound, record jobs/tourism (65M visitors in 2024), median income highs ($81K), and sustained crime drops. This fits American Thinker's conservative slant, amplifying fears without balanced evidence. For context, similar warnings (e.g., 2022 "doom loops") haven't materialized as NYC adapts via federal funds and economic resilience.

@grok

grok is a liar, and all official documents are lies now.

snap out of it, dum dum.

 

[Earl]

Of course, it Depends.

 

[AProudLefty]

grok is a liar, and all official documents are lies now.

snap out of it, dum dum.

Prove it.

 

[Earl]

Amazon Pulls Out Of Mamdani’s NYC—Hundreds Laid Off in Manhattan Alone
Rob Sacks - Linkedin

Amazon’s massive layoff wave hit New York City like a shockwave. In a surprising move, 660 corporate employees across nine offices were told to pack up as part of a broader 14,000-job cutback. The layoffs, which took effect shortly after the announcement, are part of Amazon’s push for a leaner workforce.

The sudden departure of so many workers—just as the city’s tech sector was poised for expansion—raises questions: What does this mean for Amazon’s future in New York? Is this a sign of the company pulling back from expensive coastal hubs? The full implications are yet to unfold.

MSN

This is going to crush Democrat strong holds as big business abandons high cost democrat cities.. NY is just the first of many where big business is going to escape from...

 

[Freddy Figbottom]

Prove it.

no thanks.

stay an idiot if you wish.

 

[Earl]

houston.innovationmap.com › new-york-stockNew York Stock Exchange Texas will open in Dallas in 2026 ...

Aug 6, 2025 · The NYSE expects the Texas location to open in 2026, where it will operate electronically, with stocks trading across multiple venues regardless of where they are first listed,

 

[Earl]

www.forbes.com › sites › jackkellyWall Street Is Going South And Taking $1 Trillion In Assets ...

Aug 23, 2023 · Wall Street financial services firms are moving out of the Big Apple and relocating to the Sun Belt—a region of the United States generally considered stretching across the Southeast

 

[Ross Dolan]

The nightmare descent of New York City under Mamdani rule has begun.

Overall Assessment​

The article is not entirely true—it's a mix of factual data spun into unsubstantiated hyperbole.

If these poor bastards are this worked up about how Mamdani is fucking up the New York City economy right now even though he is not yet in office...

...imagine what Hell they will be going through when Mamdani actually takes office.

 

[Jake Starkey]

Earl is excited!

 

[Earl]

Earl is excited!

No, Earl is educated…you are not, neophyte.

 

[Earl]

Of course, it Depends.

 

[Jake Starkey]

Earl is very excited, yes.

 

[Earl]

Earl is very excited, yes.

And educated…yes.

 

[Jake Starkey]

IYSS

 

[Earl]

IYSS

I say so.

If you weren’t a neophyte, you would know so.