Politics

EXPOSED: NYC's Socialist Mayor LOOTS Pension Funds, Raids Reserves in Just 45 DAYS—New Yorkers Get Bread Lines Instead

Gary FranchiFebruary 19, 202634 views
EXPOSED: NYC's Socialist Mayor LOOTS Pension Funds, Raids Reserves in Just 45 DAYS—New Yorkers Get Bread Lines Instead

Forty-five days. That's all it took for New York City's new mayor to torch every campaign promise and reveal the radical socialist agenda lurking beneath his carefully crafted "moderate" facade.

Mayor Zohran Mamdani, who swept into office on hollow pledges of unity and fiscal responsibility, has already begun systematically looting the city's finances—raiding pension funds, draining the Retiree Health Benefits Trust of $229 million, gutting nearly a billion dollars from rainy day reserves, and jacking up property taxes on working families already struggling to survive in one of America's most expensive cities.

The median household income in NYC? Just $122,000—and these families are about to get crushed under Mamdani's staggering $127 billion budget proposal. Let that sink in, patriots. That's nearly $10 billion MORE than the entire state of Florida spends, despite Florida having a significantly larger population.

Bread Lines in the Big Apple

But the financial catastrophe is just the beginning. Mamdani recently staged a pathetic publicity stunt called "Polly Market"—a so-called free grocery store that had desperate New Yorkers standing in line for FIVE HOURS just to fill a single small blue bag with a few eggs and some fruit.

Sound familiar? It should. Venezuela. Cuba. Cambodia under Pol Pot. The pattern never changes with these people. Promise everything for free, bankrupt the productive citizens who actually pay the bills, then act shocked when bread lines form and cities collapse.

This isn't prosperity, folks. This is a preview of the socialist nightmare that follows every leftist experiment in history.

Cultural Transformation Nobody Voted For

Meanwhile, the cultural transformation of New York is accelerating at a pace that would make George Soros smile. Videos are surfacing across social media showing the Islamic call to prayer being broadcast over loudspeakers across Manhattan streets—in a city still scarred by the horrors of September 11th.

The largest Jewish population in the country is now listening to amplified religious broadcasts they never consented to, while Christian students can't even bow their heads in prayer at public schools. The hypocrisy is breathtaking.

Basic Services in Freefall

Garbage is piling up across city blocks. Snow removal has become a sick joke. Sidewalks are covered in filth that would make San Francisco blush. New York City streets increasingly resemble the worst days of the crime-ridden 1990s—except now taxpayers are funding "free" everything for illegal immigrants while their own services collapse.

This is the progressive playbook in action: Brandon Johnson in Chicago, Gretchen Whitmer in Michigan, and now Mamdani in New York. Campaign as moderates, govern as full-blown Marxists, loot public funds, and transform cities beyond recognition while basic infrastructure crumbles.

Retirees and Taxpayers Left Holding the Bag

The real victims here are the public workers who gave 20, 30, even 40 years of service to the city—only to watch their retirement savings get raided by a radical politician who's been in office less than two months. Property taxes are surging on families already stretched to the breaking point.

When Mamdani stood at the podium and said "this is not typical," he was accidentally telling the truth. This level of betrayal, this fast, is unprecedented even by New York City's notoriously corrupt standards.

The buyer's remorse is spreading like wildfire across every borough. New Yorkers are waking up to the cold reality that they were sold a complete fantasy—and now retirees and taxpayers are paying the price.

The question every American should be asking: Will voters in blue cities finally learn from these catastrophes, or will they keep pulling the lever for radical politicians who lie through their teeth on the campaign trail and govern like Castro once they're in power?

Every warning sign was there. Every red flag was ignored. And now the chickens are coming home to roost—in just 45 days.

G
Gary Franchi

Award-winning journalist covering breaking news, politics & culture for Next News Network.

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F
FreeMarketFanVerifiedjust now
Shocking! (Not really.) This is socialism 101 - spend other people's money until you run out, then find more people to steal from.
B
BronxBusinessVerifiedjust now
My small business barely survived the lockdowns and now this. Higher taxes, raided reserves, and economic policies that make zero sense. Time to move to Florida.
C
ConservativeMom3Verifiedjust now
Wait, can someone explain how he's legally allowed to touch pension funds? Isn't there oversight for this kind of thing?
P
PatriotNY2024Verifiedjust now
This is exactly what happens when you elect socialists! They promise everything for free and then raid the piggy bank to pay for it.
T
TaxpayerAlertVerifiedjust now
And guess who's going to foot the bill? Working families like us who actually pay taxes.
W
WallStreetRealistVerifiedjust now
The bread lines comment isn't hyperbole - I've seen the food pantry lines in Brooklyn getting longer every week. This city is heading straight for Venezuela-style collapse.
A
AmericaFirst2024Verifiedjust now
45 days?! That has to be some kind of record for destroying a city's finances.
R
RetiredCop47Verifiedjust now
As a retired NYPD officer, this makes my blood boil. That's MY pension money he's playing with! I worked 25 years for that security and now this clown is treating it like his personal slush fund.
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FirefighterMikeVerifiedjust now
Same here brother. FDNY retiree and I'm watching my pension get looted in real time.