Governor Paterson: Deficit Will Be $47 Billion in 2012

Governor Paterson continued his series of bad news about state economy by predicting the deficit to grow to $47 billion by 2012, thanks to the falling financial markets and NY State's own overspending. And for next year alone, it will grow to $12.5 billion--the current deficit is $1.2 billion--and that number is basically double what his administration previously projected. Paterson hasn't made any decisions about how the state will deal with these escalating costs, but he did say yesterday, "When you're in that amount of trouble, everything is on the table, not because you want it to be, but because it's the only way to manage. It is a crisis, and a crisis means that everyone has to be accountable and everyone has to sacrifice."

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So basically, we're fucked?

excellent raise my taxes more. i can't WAIT.

With future projections of deficits its good always to take the figures with a grain of salt. Who knows what will happen in the next 4 years.

How about firing non-essential government employees?
If they are non-essential why do they even have jobs?

This would be a great time to adopt an ascetic lifestyle. Even if you don't want to.

@miz coaster

That's okay. Just claim "non-filer" syndrome for 5 years. It'll get you off the hook for sure.

"It is a crisis, and a crisis means that everyone has to be accountable and everyone has to sacrifice."

Bullshit. Whitey will be asked to sacrifice and be accountable whether it's the jerk on wall street or the mechanic next door while services earmarked for non-whites will continue to be held as top priorities.


How about firing ALL government employees.

Except teachers, sanitation, and cops.


And #7:

YES! I wholeheartedly encourage everyone (who actually PAYS taxes on April 15th) to write a check for $0 with "No More Bailouts" in the memo.

Of course, you are legally obligated to FILE (not pay). We all must file taxes and not pay.



Sad thing is, govern'sment just straight up SNATCHES that money from 95% of "working Americans"
before it even hits their bank accts.

Start drilling for oil Gov Paterson! I hear there's black gold under Long Island.(who knows? Maybe Ronkonkoma could be like, the next Dubai.)

#2, LOL, I can't wait either. I hope they take out 75% from my paycheck.

State of NY exists for the sole benefit of NYS labor unions. It's their parcel of land to fleece. MTA, LIRR, teachers, police etc. etc. they all share in taxpayer funded bounty.

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