FORD TO CITY: DROP DEAD
Bankruptcy of New York City government and the refusal of President Gerald Ford to give financial assistance to the city prompted this headline in 1975.
As Mayor (1977 to 1989), Ed Koch is credited with restoring fiscal stability to the City of New York, and placing the City on a budget balanced according to generally accepted accounting principles (GAAP).
His catch-phrase as Mayor was "How'm I doing?" When walking down the street, he would often use that question as a greeting to the people he talked to.
