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811,218 Views ⢠Apr 25, 2024 ⢠Click to toggle off description
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
Views : 811,218
Genre: News & Politics
Date of upload: Apr 25, 2024 ^^
Rating : 4.39 (1,931/10,730 LTDR)
RYD date created : 2024-05-07T14:30:28.86133Z
See in json
YouTube Comments - 4,146 Comments
Top Comments of this video!! :3
They donât have a cash flow problem. They have a spending problem.
1.3K |
Opinions diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?.
947 |
The city may be broke but the ones who are in charge of it sure arenât. Wonder why that is? đ¤
124 |
ONE WORD: CORRUPTION
124 |
Politicians definitely are not broke
277 |
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.
692 |
âAmerica will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.â â Abraham Lincoln, First Republican President
300 |
Look whoâs running those cities.
393 |
Yet we had 95 billion to give Taiwan, Israel, and Ukraine...
336 |
95 billion to another country vs being spent in America
75 |
nobody can afford stuff anymore. Everything 30% more expensive, but nobody got a 30% raise.
15 |
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.
2.4K |
Most cities take on debt with the assumption that growth will continue as it did in previous years.
Boy were they wrong
943 |
One thing you will never hear from something like this is how those cities are also destroying their revenue by driving small businesses away.
6 |
NY is full of billionaires and property prices skyrocketing, but politicians don't know how to fix the debt đ
46 |
I feel like we are going into a Great Depression not even a Great Recession anymore
103 |
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.
140 |
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
459 |
We have never had so many Politicians who don't work for the people but work for the sponsors who put them in office
3 |
@rannyorton
3 days ago
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.
356 |