See Newsday
“The city is bankrupt, the last payroll was the last cash we had,” said Nagin, looking and sounding exhausted. “We have no money. … I can’t even make payroll for my police and fire [personnnel].
Nagin, who met with President George W. Bush earlier in the day, told the assemblage of state, city and school elected leaders that he hoped to find a way to pay all municipal employees through the end of the calendar year, but didn’t know how.
“Technically, today we are out of cash. By hook or by crook, we are going to pay our employees until the end of the year,” he said. “Then we are going to try to figure out what we can afford. That’s the intention.”
Yeah, but what are the intentions of those faceless ‘city fathers’ and heads of businesses and industries? The death of old New Orleans and a new New Orleans we won’t recognize. Only the beginning.