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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: Jim S who wrote (48809)6/5/2006 5:22:46 PM
From: Lazarus_Long  Read Replies (1) of 90947
 
You should stick to your guns.
Financial crisis hit the city in the mid-1970s, when it briefly appeared that the city might have to declare bankruptcy during the mayoralty of John Lindsay. The fiscal crisis resulted largely from the combination of generous welfare spending by the city government in the 1960s and the stock market and economic stagnation of the 1970s. President Gerald R. Ford earned the enmity of many New Yorkers when he refused to use federal money to "bail out" the city. On October 30, 1975, the New York Daily News creatively summarized Ford's decision in a headline: "Ford to City: Drop Dead". Ford approved a loan to the city (rather than the grant it had sought) shortly thereafter.
en.wikipedia.org
It was a loan, not a grant.

CA should have such luck!
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