Why America Is Running Out Of Money

Why America Is Running Out Of Money
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Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
SOURCES:
• Why U.S. Cities Are Go...
www.investor.gov/introduction...
publicplansdata.org/quick-fac...
www.urban.org/policy-centers/...
equable.org/unfunded-liabilit...
comptroller.nyc.gov/newsroom/...
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[@taus_ahmed]

Everybody talks about raising taxes, cutting the budget, and not borrowing... yet no one talks about how the city is actually USING the money. Wasting money on inflated salaries, overpaying for construction projects, mismanagement/corruption...

[@otrebla8944]

Migrants....

[@gio.orbit5498]

its crazy how everyone already knows but nobody talks about the solution

[@hh-nh6ju]

@@otrebla8944 yes more migrants will help eleviate some of the problems, like increased workforce, more people paying into the taxes

[@Dgnmuse]

Literally I've worked with government and they over pay ALWAYS. companies exploit the government big time and charge them 4x the cost.

[@someonethirsty1957]

​@@hh-nh6ju When they're legal.

[@Xairos84]

Keep in mind that budgets in the US rarely go backwards... Govt always gets fatter

[@HShango]

Dollar dollar bill y'all

[@grimaffiliations3671]

Why should budgets go backwards?

[@otrebla8944]

​@@grimaffiliations3671to cut spending.

[@grimaffiliations3671]

@@otrebla8944 Why tho? If they're worried about the national debt they can just stop selling bonds

[@LaFonteCheVi]

@@grimaffiliations3671 ...that isn't how it works at all. If they stop issuing bonds then they cannot raise the funds necessary to pay and then the whole system collapses.

[@peteredwardcox]

Dave Ramjikh: You’re spending like you’re in Congress! Caller: I am Congress

[@uverex251]

😂😂😂😂😂😂

[@AndreiJikh]

Ha!! That's a good one

[@gianttwinkie]

If Las Vegas is short on money, we are all screwed.

[@AndreiJikh]

ha!

[@Mohamed-vv4yt]

@@AndreiJikh It s the stri$$er index

[@xiphoid2011]

I'm an Asian American who came to US to study and immigrated. This video left out the root cause of the problem: American people's, in general, terrible personal finance habits. We Asian Americans are saving/investing 20-40% while horrified by how most non-asian Americans spend, borrow, and don't save. Half of the people want to pay less tax, half of the people want more free handouts. The majority, with their terrible spending habits, then elect politicians who promise to spend like they do, and then the government spends just as irresponsibly as the people. The problem isn't the country, this is why the American Dream is still true for us Asian Americans. The problem is that most Americans have been a rich country for so long that people have shed their personal responsibility and put it on the government, expecting to be able to spend irresponsibly, have the government save them except only electing politicians who either cut taxes or increase benefits.

[@lam7499]

What part of Asia are you from? I'm also Asian-American (though born and mostly raised in the west), and I noticed the same thing where Asians (and the Chinese especially) tend to be really diligent with their savings compared to Americans.

[@xlook4wardx]

As an Asian immigrant I agree with you. Majority of my money is saved and invested accordingly. I have a budget set up that I follow even though I can afford to splurge. I’d say I kept the same simple lifestyle regardless of how much money I have liquid or how much my investments appreciated.

[@davidmella1174]

Average american consumers are bad at capitalism 💀💀

[@_Junkers]

Isn't the American economy built upon consumption? I heard it makes up roughly 40% of the economy. I think the debt habit has blossomed through the idea of continual growth I.e. continual ramping of personal spending. Now, there is an impending hangover.

[@CharBar07]

@@_Junkersit’s 80%. I had to double, triple check my reseach.

[@GavinGMoney]

Yeah, with 35 trillion in debt, America isn’t headed for a good place.

[@HShango]

Yet, America continues to print that dollar

[@69pepe420]

bitcoin is tho

[@GavinGMoney]

@@69pepe420we will see. It’s not guaranteed.

[@grimaffiliations3671]

The national debt is just the savings and assets of the non-government

[@34faeli]

Debt is money. So they have plenty and it belongs to the people. US will be fine

[@allthingsnu4673]

There were news reports of a corrupt city employee in Houston who was having her relatives and friends to form fake businesses so she could award them city contracts worth hundreds of thousands, if not millions, for work they weren't even qualified to do. My point is that sometimes cities are being looted from the inside and outside due to corruption. Cities need to tighten down and make sure they have the proper checks and balances in place to prevent corruption and protect their revenue. There should be a team in place to award contracts, not just one person.

[@clintpot8521]

agreed, racketeering used to be done by criminal gangs. Now racketeering is acceptable business practice in our gov't

[@joecochran7797]

I live in Michigan and remember Detroit's debt crisis. A judge actually dissolved around $8B of their $18B debt. This has enormous consequences because future lenders will not purchase municipal bonds without extreme interest rates attached for fear of being left holding an empty bag.

[@pleasedonttemptme5963]

I too live Michigan. It’s a dumpster, I am finally relocating to Georgia later this year.. This place is so worthless

[@clintpot8521]

contracts don't mean much to these politicians. They are all about social change instead of upholding contract law.

[@jon34153]

You are brilliant, Andrei! Love your channel not only for the magic and financial information but for the laughs! Other channels provide solid financial info, but none have the comedy woven in like this one.

[@patrickdrozynski5070]

Im from Pittsburgh and we literally had a sinkhole that engulfed a bus, and a bridge that collapsed and also engulfed a bus 🥴

[@grimaffiliations3671]

So they should increase the infrastructure budget

[@jeffML3926]

So don't be a bus driver in Pittsburgh

[@MrTubesong]

⁠@@jeffML3926bus should be banned in Pittsburgh 😂

[@gailhanks2065]

We are going broke as a country because only the middle class pay enough tax, the rich and companies have loopholes

[@hatework4282]

The "loopholes" exist for evweyone. Educate yourself and start using them.

[@JakeAoTK]

Back in the 70s tax rate was as high as 70%. Federal tax revenues were nearly double if you adjust for inflation and as a result they spent more on education, housing, mental health, and infrastructure. (All areas of concern for Americans today. ) All of this came at the expense of the middle class. Most of the middle class either moved into the working class or if they were smart and or lucky moved to the upper class where these services don’t matter as much.

[@migooknamja]

Don't forget the lower class which gets everything comped by the Democratic Party

[@Ponjolo92]

waiting for your video Broo.... looking forward to another financial enlighten ...

[@jordanlover23]

$4T for COVID stimulus, then $150B for Ukraine and $80-100B for illegal immigrants. Pretty simple calculus.

[@dominosnostradamus2415]

Hahaha Republican elite propaganda. Goofy af

[@dominosnostradamus2415]

Corporate wealthfare checks under trump and military industrial complex

[@clintpot8521]

Ya I remember several rounds of those covid money spending sprees were like $200 billion and only about 10% of it went to the people while 90% of it went to big corporations. COVID was just another excuse to bailout those who have bought off the gov't.

[@rook9309]

Things need to slow down. You can’t just keep going faster and faster and expect stuff to not become devalued. Like does anyone take their time anymore. Why is so much of pop culture in a flipping rush?

[@abal4lyf]

I live in NYC. There are potholes all over the city. My tires get flat all the time.

[@AndreiJikh]

Crazy! It's super bad in Vegas too

[@maritimezhang]

Check your air more often.

[@mikkhail]

@@AndreiJikh Wait till you see Rhode Island roads 😂

[@tonyspinelli9562]

Too bad those $10k credit cards Erica Adams gave out to the illegals didn’t go to fix them

[@teqexe]

@@maritimezhang rather than crave for roads? interesting

[@MrGRockin]

The potholes here in Colorado are outrageous. Denver is worse than I've ever seen it, constantly dodging a flat tire while jammed in bumper to bumper traffic. I visited the springs recently and it's even worse. The roads might as well just be dirt.

[@gilliebeann]

Super interesting topic choice and I'm glad I learned something new today! Thanks, Andrei!

[@AndreiJikh]

Glad to hear it!

[@user-wt7pq5qc2q]

Good info, keep up the good work !!!!

[@Broxerlol]

That intro was 🔥🤣

[@GigaChadow]

Love the content! I always look forward to your videos coming out because I know I’ll learn something and I can trust your research while understanding it in a digestible way. Thanks for all you do!

[@hacoc21]

It will not get any better, be happy with what you got.

[@hermanparisius2828]

Andrej for MAJOR!!

[@caseyfaitel]

You live where you do to avoid income tax?

[@X4hunterx4]

Yet, we give money to other countries.

[@genxtechguy]

Yep, if we stop that we could do so much for the cities in America, but hey, the politicians know what’s better for us 🙄

[@chupapopita]

Well u only looking at giving money what about all the benefits that the USA got after WW2 becoming the super power and police of the world. Invading, scheming , putting governments in other countries etc etc etc. Don't make it look like is one way street.

[@lukasclark884]

Unfortunately, maintaining infrastructure becomes more and more expensive with time. NotJustBikes did a great job explaining this in some of his videos.

[@erickayson588]

Remember when nearly 70% of Americans couldn't afford a $600 emergency?

[@AndreiJikh]

I'm trying to figure out how accurate that statistic is but I'm finding conflicting reports on it

[@daniellord-vera6987]

its over even here in canada

[@pleasedonttemptme5963]

Andrei I love your channel. Keep making videos please

[@thetradersam6157]

I agree. I visit NYC often and the potholes are a menace to anyone's vehicle.

[@JKPham23]

this intro was fire lol

[@AlexofCharmCity]

Demand more Ramsey impressions! Would have loved a whole skit with uncle Sam calling for advice 😂

[@theodorecollins7042]

Thank you for making this video!

[@oidbio2565]

Love the video. Especially the last few minutes

[@d02575575]

Happy Monday everyone enjoy this amazing video

[@AndreiJikh]

Have a nice day!

[@elizabethinsaurralde8037]

You're really good! Thank you!

[@billm47645]

We are the USSR. We can’t afford the military anymore and we’ve done all we could possibly do to destroy the middle class. So now there’s either poor or wealthy. Go to any two class country, roads and infrastructure are terrible. Europe understood that ~30 years ago and decided to invest in their people. Now they have better infrastructure than we do.

[@JakeAoTK]

We understood that decades ago before Regan started cutting taxes and funding to education, infrastructure, health, etc. Federal tax revenue is nearly half what it was in the 70s if you adjust for inflation. They killed the middle class and then made upward mobility harder for working class individuals. Some argue it was post civil rights retaliation, and honestly it makes sense when you consider the fact that minorities were mostly barred from quality education, housing, unions, and even travel in some cases. (Owning a car has a barrier to entry)

[@WesleyJames36]

We need entire videos like the intro

[@sintay8002]

Enjoyed this journalist style video, hope you do more! Also been watching a lot of Cash Jordan, and if you two could discuss stuff like this going on in New York I think that would be pretty cool. He started off looking at apartments, but has been doing more journalism as of late and I think both of your styles are cool in different ways.

[@ramizvatan1702]

Now we need to share this video with everyone in the country

[@gregmoore803]

I have not yet watched the entire video, I can't stop replaying the first 15 seconds. Legendary intro.

[@_D3adB0y_]

The roads down here in San Diego are goin to sht.

[@Elch0riz0]

Sup bro. Like your videos man. Keep up the good work brother.

[@AndreiJikh]

Thanks! Will do!

[@francesca.pellegrino]

Grew up in coal country -- recently a sinkhole opened up below a creek due to heavy rain and now there's no creek, just a big hole in the ground. We're lucky it didn't swallow up the nearby houses.

[@twonagaskins2960]

We can't save anything because of high prices everywhere but my pay is still the same!!!🤔😡🤔😡🤔😡

[@laundrygoddess4]

Almost everyone can save something. I did it living on disability. It's about lifestyle and choices

[@TheMoonlitArcade]

​@@laundrygoddess4That's a bit tone deaf

[@laundrygoddess4]

@@TheMoonlitArcade how so? I didn't say everyone, just most people. I work in finance and I see all kinds of spending plans. I see friends and family and what they consider a need even though it's not. I grew up on welfare and lived below the poverty level for 26 of my first 30 years on the planet. It's not being tone deaf. It's about accepting responsibility for making choices. I get that people aren't too fond of that but it is what it is.

[@JeepAndThings]

Blown tires? That can happen here in Phoenix well. I get around it with driving a Jeep Wrangler with thicker sidewalls.

[@benjaminlynch3209]

Thanks. Interesting content.

[@cashflowinvestor23]

That intro was absolutely hilarious

[@LuisMarad0na]

Andrei for mayor 💪!

[@JcDaGoat]

great video

[@hardyk2010]

watching this from Portland ! :)

[@genxtechguy]

I’m sorry. Blink if you can’t leave on your own free will.

[@wanghaowang5790]

Thanks for sharing

[@janevens7611]

That intro is on point. Wow, haha

[@The_Ste_Ven57]

😂 I really liked the intro

[@Dan-od6zx]

Poor leadership and reckless spending.

[@leomega]

Great intro brother

[@ICEEALL]

This is a fantastic video!

[@AndrewChedid]

The Dave Ramsey intro was hilarious 😂 more please!!

[@Babylionhotshot]

You are getting so good at this KZbin thing. I have thought that a long time. Just now telling you.

[@theiceageiscoming.5516]

Nice lead-in bro! 😅 💪😎🇺🇲

[@ryankennedy5957]

Wild that pension funds can be accessed. In Australia I don’t think that’s the case and superannuation is seperate. However there is a pension you can get from the government that occasionally gets adjusted

[@RamiChessBlog]

Very informative.

[@mbank3832]

I mean our country keep giving money to overseas and paying underserved people here, ofc we are going broke…

[@grimaffiliations3671]

the federal government can't go broke when it makes the currency. And no, inflation only becomes a problem if you spend more than your economy can produce, and we're not even close to that

[@Rando11111]

GOAT intro

[@st-tube]

Well done

[@btr333]

This is the first time I'm hearing this. I wish more people talk about it and get things fix

[@falsettoandhighnotes6913]

I love the coin magic trick

[@Pl-qq4yl]

Andre , the problem with America today is that people listen to channels that have absolutely zero value and solve nothing. While the author is getting paid.

[@steveyonkman]

I live in Chicago, we have two seasons. Winter and construction.

[@EricNord]

Thanks!

[@FutureGoalsLetsGo]

It's very hard to get ahead nowadays 😢

[@checo333]

Dude I was just talking with unacquaintance about how the city looks strange (Chicago). I was asking him about his opinion about why I felt the city looked strange after many years not driving through a part of it. We weren’t sure we were just saying it looks cheap and ragged. Your video totally explains what we couldn’t put our finger on.

[@Medicine91]

The song at the beginning is called Baker Street.

[@jasm5205]

Portland makes sense

[@DavidVillaTorre]

The issue are suburbs and road infrastructure. If you look at the data theyre cash losses that are subsidized by other sectors

[@CaseyBurnsInvesting]

Please make a video about the economics of the Kendrick and Drake Beef.

[@randybloomfield5090]

Love Jerry Rafferty 👍, oh and yer channel too😂

[@abal4lyf]

I think they need to cut down the City Agency’s budget. I recently done some data analysis based on NY City’s budget. NYPD gets the most overtime pay, then department of comptroller next.

[@danielhettema5845]

I’d vote for you Andre

[@KrissKross92]

The intro 😂😂😂😂

[@Yolgezer]

We will see big cities will be closing schools and be moving to online virtual education to cut expenses. This is another level how public will pay the consequence of having (public) debt.

[@johnconnor7501]

Great intro😂

[@jagicyooo2007]

HOUSTON WE HAVE A PROBLEM

[@The-Pigeon-Zambola]

Amen 🙏

[@Ponjolo92]

Fan from Tanzania 🇹🇿

[@AndreiJikh]

thank you! I'll have to visit Tanzania someday :D

[@Ponjolo92]

Cheers Brother... Most welcome ​@AndreiJikh

[@DysVeteran]

LOL the intro! xD

[@davidmarciniak6118]

That Ramsey impression was elite 😂

[@JohnTubiolo]

The problem is too many people sucking up resources and not contributing.

[@DREWTampa1]

I can already tell this is gonna be a banger

[@AndreiJikh]

haha thanks! Those are my favorite ones to make

[@tomtesting99]

Why Andrei Jikh is running out of watchable content?????

[@johnvu7151]

Dude... One of my tires popped at the pothole at the railroad track... And it's true I noticed more potholes on the street.

[@dashybaby255]

That Start.... ha ha ha

[@NiMareQ]

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, followed by a dictatorship."

[@grimaffiliations3671]

The public treasury doesn't really exist in real terms. Taxes do not pay for spending, and the fed has an infinite supply of dollars. The limits on government spending are in real terms, not financial terms. If we have the resources, we have the money

[@robertbrown1021]

Could you post source where you got these 75 cities? I would love to check on my families cites.

[@jbrockskill]

Government spends far too much and always demands more

[@cbboiii1100]

14:14 what other job do you have that you are in a commercial vehicle? Just curious. I have a class A myself

[@caseyfaitel]

They need to change the mission statements for the cities development authorities. They are on a mission to increase your property taxes. How is this a mission? It should be illegal.

[@divyv20]

Hey Andrie , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?

[@nick-dogg]

Do you happen to drive a Tesla? I notice a lot of Tesla owners experience the same pain with potholes due to the weight of the vehicle.

[@commonsense-og1gz]

they need to make an appearance on Caleb hammer.

[@donaldthornton3531]

My county just raised property taxes 60 percent.

[@Maha-Shakti]

You can sue the City for the cost of replacing your tires BTW!! ✊️😎

[@ArdentLion]

slash the budget and move to a modest consumption tax rather than income tax. the bottom 50% pay no tax and the top earners find loopholes. consumption tax fixes both problems.