The situation is this: New Yorkers are loosing their jobs at a rate not seen since perhaps the Great Depression. The housing market is still heading downwards. People have less, money is tight and prospects are gloomy.
The governor must turn in a budget to address each of these matters.
What do to?
Yes! Increase the size of the budget, therefore increasing the size of the government, and, to pay for it, raise taxes at a rate higher than at any other time in history! Take even more money from people! What a fantastic and original idea! (The Mayor of New York, team player Bloomberg, is following his governor’s lead.)
It worked for Michigan, didn’t it? Where governor Granholm two years ago faced the same crisis now confronting New York governor Patterson.
Granholm, seeing jobs fizzling out and housing prices falling so fast that many just abandoned their homes, instituted a host of new taxes and fees so that she could grow government and, as it naturally follows, fix everybody’s problems.
I don’t have to tell you what happened. Michigan is obviously now a worker’s paradise. Just ask Ford, GM, and Chrysler.
Also, once the crisis is over, I’m sure the governments in New York and Michigan will rush to revert to their former, smaller sizes.