OT: New York State Budget Deficit $4.1 Billion - Leave New York State NOW!
And don't jump out of the pan and into the fire that is New Jersey, either! Things are about to get pretty rough here in NY, my fellow JETS fans. Politicians from both sides of the aisle are scared-to-death here at the State Capitol. After Bloomberg is re-re-elected expect the (revised) numbers out of NYC to be bad, too.
You may want to consider moving to VA, NC, SC, FL, or TX for at least the next 3-4 years. But, not before Sunday when the JETS trounce the Buffalo Bills - even the Bills are looking to relocate to Toronto!
Sadly, the only route out of this government-financial nightmare is....Rudy Guiliani (R). David Paterson (D) or Andrew Cuomo (D) will NOT stop Assembly Speaker Sheldon Silver (D)!!
[B][SIZE="3"]State Comptroller Warns Albany to Cut Deficit[/SIZE][/B]
By DANNY HAKIM
Published: October 14, 2009
ALBANY — Deteriorating economic factors have propelled New York State’s projected budget deficit to [B]$4.1 billion[/B], according to the state’s comptroller, who warned on Wednesday that state leaders needed to do more to address an increasingly dire situation.
“Most New Yorkers understand they cannot spend more than they make,” the comptroller, Thomas P. DiNapoli, told reporters. “The state needs to adopt that same kind of common sense. If we stay on the current path, New York will run out of cash.”
Every state besides Vermont has a balanced budget in their state constitution. They have no choice than to cut 4plus billion of spending. Otherwise they need to raise taxes across the board or a combination of both.
NY/NJ/CA have huge spending problems. They tax the crap out of their citizens, but it's never enough. One day, people will realize that they can take care of themselves better than government can for them.
[QUOTE=BrooklynBound;3311656]NY/NJ/CA have huge spending problems. They tax the crap out of their citizens, but it's never enough. One day, people will realize that they can take care of themselves better than government can for them.[/QUOTE]
Or perhaps the entire country will realize that allowing the super wealthy to have low tax rates did not encourage them to spend more money it encouraged them to hoard more money.
Thus the 1% of the population having 95% of the money (or whatever that figure is) statistic.
[QUOTE=Buster;3311827]Or perhaps the entire country will realize that allowing the super wealthy to have low tax rates did not encourage them to spend more money it encouraged them to hoard more money.
Thus the 1% of the population having 95% of the money (or whatever that figure is) statistic.[/QUOTE]
Not trying to be argumentative, I hear you and understand but also please just consider....
1 percent of the country pays 70 percent of the tax. 5 percent of the countrty pays 90 percent of the tax and 60 percent of the country pay NO tax at all.
More than 1/2 the country pay no income tax.
Also, the fact that ALL the money is concentrated in very few is a WORLD wide stat. In ALL countries that is true and has been for hundreds of years. This is not related to income tax.
Michael Dell, Bill Gates, Trump etc.... Al Gore, Clinton , Bush
[QUOTE=Buster;3311648]are you reffering to Louis XVI selling titles to the wealthy which in effect made them exempt from taxes?[/QUOTE]
haha we wouldn't dare do such a thing...it turned out pretty well for the wealthy lemme tell you..the wealthy are only part of the issue...we shouldn't punish success, that's lunacy, rather it's greed that's the problem..when we start worrying more about bottom line profit than we do about human beings that's a seriously big issue. When we spend more on liquor and cigarettes than we do on education..that's a seriously big issue..the veil has been lifted..and it is not good..where is our Washington? Our Jefferson?