The New York child was mistakenly left off this poster. "Greece, Ireland, Spain, Portugal, California, Illinois, Los Angeles and Chicago are simply the poster children for what happens when elected officials engage in reckless and irresponsible management of their economies, their banking system or their respective government's public finances."
Welcome to the La-la land of NY where, "Paterson announced a hard line hiring freeze in July, only to find out in October that 31,684 new employees had been added to the state payroll."
and where NY "state’s deficit has doubled to $15 billion since August," or taking into account interest rate changes $15.8 Billion (2011-2012 deficit)
Then, Gov. Paterson doled out $17 million in pork-barrel spending after asking a special session of NY Legislature to close a $315 million dollar deficit which Comptroller DiNapoli claimed was really almost a billion dollars in a Albany Follies Sideshow.
The blog apologizes for not identifying Gov. Paterson (also in a blue uniform to the right between two women) at the Albany Thanksgiving Swamp Fest picture below, where the hand writing on the wall was seen.
Now a follow up of the handwriting on the wall from Arithmetic for the Economically Challenged Idiots,
California's budget deficit is $25 Billion dollars
California's population is 36,961,664 or $6,763 per resident
NY's budget deficit is $15 billion dollars (see links above).
NY's population is 19,541,453 or $7,765 per resident
What's ahead for New York is visible in California where, "California has been sending out IOUs instead of tax refunds, bills aren't being paid, workers have been furloughed two days a month without pay, and now Arnold is preparing to send out 20,000 pink slips—10 percent of the governor-controlled state headcount."
Please send your comments to Andrew Cuomo on a proposed New York script that can be used for NY tax refunds and other purposes.
Nicknamed "the Cuomo" NY State can print plenty of these to give to you.