Anti-prosperity "Progressive" Governance in New York

It leads to a California-style budget disaster:

Without a budget deal, New York will be left with just $36 million in the bank by the end of December, according to current projections. And the money will last that long, officials say, only if the state chooses to fully exhaust its emergency reserves by tapping several billion dollars’ worth of temporary loans from its rainy-day fund and short-term investments.

For weeks, Gov. David A. Paterson has invoked the shrinking amount of available cash in an effort to provoke the Legislature to deal with the state’s $3.2 billion budget deficit. So far, the specter of such dire fiscal outcomes has been greeted with what amount to legislative shrugs, chiefly in the recalcitrant State Senate.

The NYTimes author fatuously suggests that "New York is by no means California" before going on to describe New York's dropping credit rating, projected inability to make payments, education cuts, and tax hikes.

Uh huh. Not like California at all. By no means. Keep tellin' yourself that.

posted by Gabriel Malor at 12:45 PM

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