Philadelphia Will Do  
 

Oct

9

City’s Economy Falling Apart Along With Rest Of World’s

Philadelphians may have delighted at the demise of the Mets, but nobody’s happy about the plunging Dow. Things have gotten so bad the libraries were slated to close, and then they didn’t. Somebody think of the children who maybe would have been affected and could be affected in the future. Mayor Nutter even revealed at a press conference the city was considering selling off the top of City Hall to close a budget deficit (at right: artist’s conception).

Okay, so he didn’t actually say that. Selling off City Hall wouldn’t cover it: Nutter said the city is $850 million short. Last month, Nutter warned of a $450 million budget deficit. Not even an economy-boosting Phillies playoff run can make up for the financial hell the world is in.

“I am fully confident that the City of Philadelphia will weather this storm,” Nutter told reporters, so I suppose we can just, say, tie ourselves to the top of a hotel and hope for the best. Paxil helps for this kind of depression, too, right?
 
dmac | 8:36 AM | 2 Comments
City Budget, City Budget Deficit, Depression 2008, Michael Nutter
 
  1. friendlynerd Says: Oct 9 12:30 PM

    We’d probably do better if property taxes weren’t treated as optional.

    Quick way to balance the budget: sell back tax debts to a collection company and let them deal with it. It’s been done before.

  2. kris Says: Oct 9 3:06 PM

    even if William Penn was up for sale, who would offer enough cold, hard cash for him to make a dent in the deficit? Bill Gates?

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