Hugh Carey, Who Led Fiscal Rescue of New York City, Is Dead at 92

[bananas]

Source: New York Times

Hugh L. Carey, the governor who helped rescue New York from the brink of financial collapse in the 1970s and tamed a culture of ever-growing spending, died Sunday at his summer home on Shelter Island, N.Y. He was 92.
...
From 1975 through 1982, as the state’s 51st governor, Mr. Carey led a small group of public servants who vanquished the fiscal crisis that threatened New York City and State — the direst emergency a governor had faced since the Depression — by taking on powers over the city’s finances that no governor had wielded before and none has wielded since.
...
On Oct. 29, 1975, President Gerald R. Ford vowed that he would veto “any bill that has as its purpose a federal bailout of New York City.” The next day, the front page of The Daily News famously proclaimed: “Ford to City: Drop Dead.”
...
In seven terms in Congress, Mr. Carey ranked high on the scorecards of liberal groups and adhered to positions like opposing the death penalty even when they were unpopular. But in keeping with the tone of his district, he portrayed himself as a moderate, playing up his support for federal aid to parochial schools.
...

Read more: http://www.nytimes.com/2011/08/08/nyregion/hugh-carey-who-led-fiscal-rescue-of-new-york-city-dead-at-92.html

[indurancevile]

1. the phony "rescue" of the phony "bankruptcy". it was the same thing then that they're doing now.

the monied classes on capital strike, using extortion to force austerity.

so i spit on his grave.