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Nutter’s Sweeping Budget Cuts

110608nutter.jpg Whoops! Looks like the hope and change promised by the Phillies, Barack Obama and the Large Hadron Collider doesn’t magically make the economy 100 percent better.

Today, Michael Nutter held a big ol’ live television address to let people know about the big budget cuts he’s going to make.

And he’s eliminating snow removal on smaller streets! Those horseshoe streets and cul-de-sacs out in the Far Northeast will… continue to not be plowed, I guess. Also he’s getting rid of the city’s sponsorship of the Dell East Summer Concert Series, which is something the Daily News writes about a lot I think.

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?