99% Invisible

The Power Broker #13: Drop Dead City

39 snips
Sep 30, 2025
Dive into the tumultuous 1970s in New York, where chaos erupted amidst fiscal crises and union struggles. Discover how systemic issues led to the city running out of money and the striking visuals that capture its gritty atmosphere. Unpack the infamous 'Ford to City, Drop Dead' headline, which stirred anger and unity among New Yorkers. Explore the role of federal reluctance, service cuts, and the Municipal Assistance Corporation in averting complete disaster. This narrative paints a vivid picture of a city's fight for survival.
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INSIGHT

The City Felt Like It Was Falling Apart

  • 1970s New York looked physically and institutionally like it was falling apart, creating the sense of a 'fall of New York.'
  • That decay framed Robert Caro's subtitle and made the city's fiscal crisis feel inevitable to observers.
INSIGHT

Poor Bookkeeping Hid The Growing Debt

  • New York's bookkeeping was chaotic and informal, masking long-term borrowing and deficits for decades.
  • That sloppy, 'slushy' accounting let the city live on borrowed money until the debt spiral became unmanageable.
INSIGHT

From Capital Bonds To Everyday Borrowing

  • Robert Moses' bond-driven model normalized borrowing for capital projects, which later mutated into borrowing for day-to-day expenses.
  • That shift turned the city into a chronic borrower, making eventual insolvency more likely.
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