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alstry (35.03)

Time to think....

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15

July 24, 2009 – Comments (4)

From Zero Hedge: 

One feels the pain of New York City Comptroller Bill Thompson, Jr. Not only does he have to deal with the continuing lunacy over in Albany and the still ongoing power struggle in the wake of Spitzer's abrupt implosion, but he has to scramble to contain the fall out in the world's most financially dependent city. His only wildcard: hope, whether it be preached by 1,000 billboards across America, or Obama appearing on TV every 15 minutes to remind Americans that the only way out of a credit crisis is to max out their credit cards, or by watching comedy channels disguised as financial reporting.

In the meantime, underneath the still glitzy veneer, is a hollow core that is starting to shrivel at such an alarming pace that the $16 billion in projected budgetary shortfalls will likely double within 12 months at the current rate of deterioration.

BUDGET SHORTFALLS TO DOUBLE WITHIN 12 MONTHS!!!!!!!!!!!

Think about the consequences of that just for a second.........

4 Comments – Post Your Own

#1) On July 24, 2009 at 12:09 PM, dickseacup (67.30) wrote:

Clearly the only option is to raise taxes on the wealthy. Because, you know, it's not like they don't have the means to relocate their wealth (and themselves) to more hospitable surroundings.

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#2) On July 24, 2009 at 12:33 PM, alstry (35.03) wrote:

dick,

You think the wealthy have that much money?

Maybe we should have Donner do the calculations.....

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#3) On July 24, 2009 at 12:43 PM, dickseacup (67.30) wrote:

I forgot my closing /sarcasm tag, again. 

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#4) On July 24, 2009 at 12:57 PM, dudemonkey (40.56) wrote:

or by watching comedy channels disguised as financial reporting.

 

HAHAHA

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