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Should Washington Deliver Obama Bucks to Bail Out NY Deficits? Posted on Saturday, January 09 @ 11:15:22 EST by jfbailey

White Plains CitizeNetReporter

WPCNR MR. AND MRS. AND MS. WHITE PLAINS SURVEY. January 9, 2010: In view of the New York State $15 Billion Deficit, give or take a few billion here and there, depending on the latest Governor's state press conference, New York State is facing massive state cuts, which at the latest look, the legislature seems unwilling to do.

The state also needs about $16 Billion for the Tappan Zee Bridge reconstruction, and faces another similar $15 Billion gap in 2012.

In the back of most legislators' minds (though WPCNR cannot read the minds, but that presupposes New York legislators think) is that Washington will bail out the state with some of the Troubled Asset Relief Program money they received back from the banks. The state shamelessly did not cut any money from this year's budget and used stimulus funds, sending them back to the counties, which at least in Westchester was used to offset the $60 Million sales tax gap in 2009, according to the former Spano Administration press office.

What do you think? Is New York too big to fail? Of course, should the Obama Administration bail out New York with say $40 Billion in "Obama Bucks" that would mean they would be obligated to send similar money out to Michigan, and similar states ravaged by the economy.

What do you think?


 
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