Conservative Policy from…Governor Patterson?!?
As we R’s search high and low to find someone who can articulate conservative fiscal policy, who knew we would find it in New York…and from our DEMOCRAT Governor? I’ll almost feel bad campaigning for Rudy Giuliani in two years, but for now…
New York state also faces a $12.5 billion deficit in 2009, and the Democratic governor has said he would ask labor unions to forgo 3% raises called for by contracts that would have to be renegotiated. But Gov. Paterson has rejected calls for higher taxes on the wealthy-unlike New York City Mayor Michael Bloomberg, who has proposed tax increases.
“[T]he higher we tax even the wealthy, the more we lose population and the less job creation there is,” Gov. Paterson said in an interview Friday. “We’re pretty resigned to the fact that we’re going to have to do this with spending cuts.”
New York’s governor blames the state’s current shortfall, in part, on its failure to better manage revenue during the years of soaring Wall Street profits. “What’s actually more embarrassing than the fact that we have such a huge deficit now, when bonuses are down and capital gains are down, is the fact that when there was…wealth, we overspent,” says Gov. Paterson.
And with the dow under 8,000, even a blind man can see…what? Too soon?
