New York,the 2nd highest taxed state in the union is almost broke according to the unelected Governor David Paterson.
He called a special joint session of the State Legislature yesterday to give us all the good news that we have until Christmas before we're broke... and to beg the Legislature to find ways to close the budget gap. Despite NY being one of the highest taxed states he says there is still $3.2 billion in cuts needed from the over bloated budget... especially in health care and education where the state by far exceeds the national average per capita. [$2,283 per capita on Medicaid, far more than any other state and twice the national average.The state also spends $14,884 per pupil on school aid, more than any other state and well above the national average of $9,138.]
A big part of the problem was that last year the Democrat controlled government ,in the wake of the orgasm after the 2008 elections,decided to increase the state budget by a $12 billion increase in spending . That would be smack in the middle of a "financial crisis " . How's that Keynesian solution working for you ?
State Democrats are terrified of the cuts needed remembering how Democrats across the state including Westchester County Executive Andy Spano and Nassau County Executive Tom Suozzi got their butts kicked in last week' elections. Maybe they can get those service employee's unions to make some concessions?? Yeah right !
The legislature was to meet to consider bills to make gay marriage legal. I guess there are more pressing concerns now . One thing they had better be seriously concerned about is the wealth flight out of the state. Turns out there is only so much a rich person can take when their pockets are constantly picked.
I think Patterson should catch a ride to China with the President . Perhaps he can convince them to become patrons to the State like they are to the nation.