Welcome, Guest.
Please login or register.
Recession In NYS
Rotterdam NY...the people's voice    Rotterdam's Virtual Internet Community    New York State  ›  Recession In NYS Moderators: Admin
Users Browsing Forum
Googlebot and 30 Guests

Recession In NYS  This thread currently has 513 views. |
1 Pages 1 Recommend Thread
Admin
May 1, 2008, 4:32pm Report to Moderator
Board Moderator
Posts
18,484
Reputation
64.00%
Reputation Score
+16 / -9
Time Online
769 days 23 minutes
http://www.dailygazette.com
Quoted Text
Officials say recession beginning in New York
Thursday, May 1, 2008
The Associated Press

ALBANY — Fiscal analysts for Gov. David Paterson say a recession is beginning in New York and should continue into early 2009 in what will likely be a longer and deeper downturn than a national recession.
State Budget Director Laura Anglin says that while the national recession should be short and relatively mild, New York historically starts later and lingers longer in these economic slowdowns.
The report served as a warning to the Legislature that state government spending growth — which has been around 10 percent a year — must be cut drastically.
Anglin says that unlike past years, eventual increases in revenue will no longer be enough to avoid billions of dollars in deficits because the state is spending so much.
Logged
Private Message
senders
May 1, 2008, 7:54pm Report to Moderator
Hero Member
Posts
29,348
Reputation
70.97%
Reputation Score
+22 / -9
Time Online
1574 days 2 hours 22 minutes
Quoted Text
State Budget Director Laura Anglin says that while the national recession should be short and relatively mild, New York historically starts later and lingers longer in these economic slowdowns


that would be because of the monkey on our backs just taking it all......


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

Logged Offline
Private Message Reply: 1 - 1
1 Pages 1 Recommend Thread
|


Thread Rating
There is currently no rating for this thread