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Re: Why NYC could benefit from municipal bankruptcy

Posted by 3-9 on Fri Apr 26 18:01:22 2024, in response to Why NYC could benefit from municipal bankruptcy, posted by Peter Rosa on Fri Apr 26 16:27:06 2024.

Things like slashing spending, including cuts to the overstaffed NYPD and FDNY; breaking the stranglehold of the municipal unions; and vastly changing or even elimination zoning so that factories can pop up. Short term pain, long term gain.

Cutting the NYPD and FDNY sounds like what was tried in the '60s and early '70s, and as you know it did not turn out well. IMO, NYC needs at least 2 major things: reliable mass transit and a low crime rate. Cutting the NYPD doesn't sound like you'll maintain the latter.

As for zoning, I don't think that's going to help bring back factories. Real estate is too expensive to start new factories, or at least big ones, and the people will go to court to stop messy factories in their neighborhoods.

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