Showing posts with label NY Economy. Show all posts
Showing posts with label NY Economy. Show all posts

July 29, 2008

Governor Paterson's Speech

Governor Paterson just delivered his speech on the local television stations. I was a little nervous at first, it began as what could have turned into a typical liberal speech. I held my breath, hoping the Governor would not be calling for tax increases to beef up the state coffers.

Governor Paterson did not disappoint, in fact I yelled "Woo Hoo!" when he said he was calling for an emergency session of the state legislature and the legislators vacations were coming to an end. He went on to state that, like New Yorkers, the government will need to learn to get by with less and we need to cut up our credit cards!

One thing the Governor said that may give some of us pause is that the government needs to act. As history has shown, government action often makes fiscal problems worse.

It remains to be seen if the dysfunctional New York State Senate and Assembly will do anything to balance the budget. It doesn't fit with their "spending for votes" way of thinking. But the Governor is going to give it a go and he should get credit for that.

Washington, are you listening?