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How Philly Turned Their Financial Crisis Around
Delancey Place ^
| June 19, 2012
| Ed Rendell
Posted on 06/19/2012 5:04:05 AM PDT by econjack
"... in 1992, newly-elected Philadelphia Mayor Ed Rendell faced perhaps the greatest financial crisis of any city in that era -- and pulled off what the New York Times called "one of the most stunning turnarounds in recent municipal history."
(Excerpt) Read more at us.mg1.mail.yahoo.com ...
TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: debt; philadelphia; taxes
Good blue print for what the feds need to do. Notice the debt reduction was done without tax increases.
posted on 06/19/2012 5:04:17 AM PDT
posted on 06/19/2012 5:05:55 AM PDT
If it’s yours why don’t you just post it here? Why force us to go elsewhere? Pimping a blog?
posted on 06/19/2012 5:35:29 AM PDT
by John O
(God Save America (Please))
Ed Rendell did NOTHING to solve a bankrupt Philly except kick the can down the road.
He sucked Harrisburg dry and rode the property bubble.
The unions STILL control Philly and they have bankrupted the city.
posted on 06/19/2012 6:42:07 AM PDT
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: John O
posted on 06/19/2012 6:46:57 AM PDT
Fast Eddie Rendell did very little.
Yes, he sucked money from the rest of the state, especially rural areas and also presided over the city at a time of economic growth.
posted on 06/19/2012 7:42:33 AM PDT
by Erik Latranyi
(When religions have to beg the gov't for a waiver, we are already under socialism.)
You maybe right. Rendell notes he did everything through the collective bargaining process which mean the Unions still retained power over the democratic process.
posted on 06/19/2012 7:43:52 AM PDT
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