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S2 Ep28: Could NYC Go Broke Again?

S2 Ep28: Could NYC Go Broke Again?

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 Richard E. Farley wrote a book called Drop Dead about New York City's 1975 fiscal crisis. John Avlon and Richard compare it to today, highlighting similar risks: rising interest rates, job and tax-base uncertainty, reduced federal support, and political dysfunction. Unlike in 1975, today's polarized politics make federal bailouts harder, emphasizing the urgent need to restore fiscal discipline and cooperative governance.

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