Mayor provides leadership through economic woes
Editorial Board
Issue date: 11/21/08 Section: Ed-Op
"In [the letter from Philadelphia, Atlanta and Phoenix to the Treasury], they made the case that dwindling revenues have led to layoffs and cuts in services, and dried-up sources of credit have made it hard for cities to get bonds for infrastructure projects that could provide jobs," The Associated Press reported Nov. 18.
Layoffs and cuts in City services will only exacerbate our economic problems. Federal money may make it possible for hundreds of people laid off in Philadelphia to begin working again, or possibly to reopen libraries, swimming pools and fire companies that were recently shut down as a result of budget cuts.
Philadelphia City Council passed six bills Nov. 20 to help fill in the City's $1 billion deficit in its five-year plan, which shows that the City and Nutter are still focused on solving the credit crisis and economic problem at home.
Let's hope the concentrated efforts on the home front continue if federal money is pumped into Philadelphia - otherwise, Philadelphia will not benefit from a bailout, but instead will create a bigger financial crisis for itself in the years to come.
Layoffs and cuts in City services will only exacerbate our economic problems. Federal money may make it possible for hundreds of people laid off in Philadelphia to begin working again, or possibly to reopen libraries, swimming pools and fire companies that were recently shut down as a result of budget cuts.
Philadelphia City Council passed six bills Nov. 20 to help fill in the City's $1 billion deficit in its five-year plan, which shows that the City and Nutter are still focused on solving the credit crisis and economic problem at home.
Let's hope the concentrated efforts on the home front continue if federal money is pumped into Philadelphia - otherwise, Philadelphia will not benefit from a bailout, but instead will create a bigger financial crisis for itself in the years to come.
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