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alstry (35.49)

IS THE SHIP SINKING WHILE THE FOOLS ARE PARTYING?????

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April 08, 2010 – Comments (2)

New York Gov. David Paterson has delayed pay raises for 130,000 state workers, citing the state’s financial problems.

The 4 percent pay boost took effect April 1, adding about $480 million to the state’s payroll costs. The raises were scheduled to appear in paychecks for state workers later this month, beginning April 22.

On Thursday, Paterson said he will not include money for the raises in the next round of emergency spending bills that legislators will have to approve to keep the state running, since there is no budget in place.

“The delay is because we don’t have the resources to pay them right now,” Paterson said. “We are doing everything we can to keep the ship afloat.”



Read more: Paterson delays raises for 130,000 state workers - The Business Review (Albany):

INTERESTING TIMES..........NOW  THE QUESTION IS TIME RUNNING OUT???

2 Comments – Post Your Own

#1) On April 08, 2010 at 5:31 PM, davejh23 (< 20) wrote:

If a 4% raise for each of 130K workers is adding $480 million to the budget, then the average pay for these workers is $90K+.  Do they really need, or deserve, a 4% raise?...when many people working for profitable private companies didn't receive any raises this year?  A 4% reduction in pay would be more in order.  Or, how about laying off 30K of them?...you just saved $2.7 billion!

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#2) On April 08, 2010 at 5:36 PM, alstry (35.49) wrote:

BINGO!!!!  What about all the self employed people getting nothing at all!!!!!!!!!!!!!!!!

But by saving $2.7 Billion....you cut out about a billion in Federal tax receipts...a bunch of social security and health tax payments........plus a few billion that won't be spent in the economy.

If you understand the above.....you are well on your way to understanding Zombulation.

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