New York Bleeds Out

American Thinker ^ | 13 Nov, 2025 | William Levin

[MtnClimber]

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.

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TOPICS: Business/Economy; Society
KEYWORDS: kathyhochul; leftism; newyork; newyorkcity; zohranmamdani

[Big Red Badger]

Burn ,
Baby BURN!
.
Like California falling
Into the Oceans in Flames!
Adios Muchacho

[NonValueAdded]

The only explanation I can think of is that Deep State is going to have federal taxpayers cover the city’s losses.

President Ford said it best: NYC Drop Dead

[mewzilla]

I hope that happens.

The other 49 subsidizing Albany has done us no favors in NYS.

[mewzilla]

Meanwhile, so much for their commie principles...

Wall Street Apes
@WallStreetApes

Multiple restaurants in New York City have found a way around paying the minimum wage

They are hiring virtual cashiers from the Philippines via zoom calls and only have to pay them $3.25 per hour

The locations doing this still ask for 18% tips on orders

Sansan Chicken, Sansan Ramen, and Yaso Kitchen locations in Manhattan, Queens, and Jersey City still prompt customers for 18% tips.

2:27 PM · Nov 13, 2025 2.8M Views

https://x.com/WallStreetApes/status/1989052620062015510

[AAABEST]

You witnessed the contrast from the wormy Big Apple to Giuliani turning into a near Disneyland. It was a beaitiful city - best on earth.

We won’t see that again in our lifetimes. NYC will never elect a Rudy, and NYS will never vote GOP again like they did with Pataki.

Also, in the 70s it still had the fundamentals that made it great - “magic dirt” commercial real estate, banking capitol of the planet, best retail/shopping, the radio and TV center of the US.

That’s all gone. Skyscrapers have huge vacancies. Goldman moved to Florida and most trading is now done online, so no reason for Wall Street to even be there. Nobody watches network TV or listens to the radio anymore. Even the legendary ports/harbor, another “best on earth” doesn’t have the sigificance it once did. The natives have been supplanted with godless shitholians who suck up welfare and services, then vote for communists, real ones, to supply the addiction.

The city is done - just a matter of how hard and deep the fall will be, and how long it will take.