Paterson plans layoffs to help balance budget

Paterson should have layoffs and should also end the Lotto that steals from the poor to balance our budget. Stop these taxes if we can stop the spending.

Advoacting the layoffs of people. What a great way to kill any chance of a recovery we have in the near future.

Layoffs to control state budget costs and reduce the overwhelming tax burden on private industry, which will help create private sector jobs, is a great way to help economic recovery.'

The unions want layoffs, since they refused pay freezes, pension reform, benefits reform, and furloughs.

LICcomm, you must agree that private industry has failed to conduct its business in a profitable and viable manner, leading to a higher tax burden for all others who contribute to state budget costs. As such, their employees have suffered decreasing real wages and benefits that embody the American standard of living.

>leading to a higher tax burden for all others who contribute to state budget costs.

Where is the proof?

What's the percentage of NYS tax receipts are coming from private business and their employees?

efficient private industry: too-big-to-fail banks, enron, worldcom, the rigas family empire, bp, aig, cargill...the list could go on endlessly

large, corporate, private industry serves as looting venue for executive suites

the looted are taxpayers, employees, shareholders, and consumers

privatized internet access is a real howl--right here in nyc

When a private business screws up, it gets wiped out and the capital gets deployed to well-run businesses. That is efficient. When government screws up, it borrows more to keep paying lavish benefits to its employees and suck the taxpayers dry. That is, until a situation like in Greece happens.

When a private business screws up it's capital get wiped out (what's to deploy?? duh)--and taxpayers get left holding the bag--

kinda like newtown creek

it's the new pardigm of socialism for wealthy corporations and individuals--fogged over with garbage about union and working class stifling of the economy, and ripping off of the hard-working tax-paying trickle-down wealthy--reinforced with maccarthy-style redbaiting

LICC: You mean like GM? I did hear from my grandparents that they were wiped out promptly after failing to notice that the Japanese were making better cars and treating their employees better around 1970. Or maybe you are thinking of Citi/GS/Merrill/Chase? The core LTCM profiteers, now on their third major fortune derived from destroying other people's capital? Or was it BP & Exxon you had in mind? Haliburton's privatized war department?

It is true that the government subsidy program for home mortgage borrowers has been known as a failure at least since Jane Jacobs, with only limited reform (it was extended to multi-family condo/coops at some point). And there are plenty of Greenspan admirers still running the country even after the biggest economic screw-up since the last time the laissez-fair predators were in control.

But in general, government capital has been pretty heavily redeployed over the last generation; the money that used to go to support public schools and libraries and state universities and the regulators now goes to tax breaks for hedge fund managers and cleaning up financial crises and privatized war contracts to Halliburton and private prisons, with a frisson for the public prisons and middle-eastern wars. What could be more efficient than turning money over to those willing to pay the highest price for it? Isn't that the definition of efficiency?

the only capital wiped out as we reinforced our pathetic banking system, was that of the taxpayer---talk about handouts---and youll sweat that a small percentage of those receiving foodstamps are gaming the system??---get real

tell it finance guy--

and i work in finance--and i believe in high-quality properly regulated capitalism--by good, democratically-elected government--not by shills for goldman sachs, bp, blackwater, enron, aig, our health "insurers" .......

happy to pay my share of taxes, if above what we aspire to---

There are no good answers once you're broke. You need to be disciplined in the first place and not exceed your budget.

Fewer jobs, higher taxes, more creative taxes, higher costs, more propaganda, more government... that is our future.

You use an example of where the government interfered with the free market as an example? Typical twisted liberal logic.

Okeh, LICcomm, provide an example from free-market Liberia.

> Advoacting the layoffs of people. What a great way to kill any chance of a recovery we have in the
> near future.

Spending money we don't have and having a bankrupt state, and/or decades of growing deficits.

Sounds like a recipe for growth!

"LICC: You mean like GM? I did hear from my grandparents that they were wiped out promptly after failing to notice that the Japanese were making better cars and treating their employees better around 1970. "

The exception that proves the rule.... held together for the unions!
Thats a government company!

"You use an example of where the government interfered with the free market as an example? Typical twisted liberal logic."

I'd expect nothing less.

It does epitomize our country though... when in debt, take out more... until they stop giving it to you.

"and i work in finance--and i believe in high-quality properly regulated capitalism--by good, democratically-elected government--not by shills for goldman sachs, bp, blackwater, enron, aig, our health "insurers" ......."

Agreed.

How does having equally horrific state government get us to that goal?

Oh yeah, its alpo's two wrongs make a right theory.

"Layoffs to control state budget costs and reduce the overwhelming tax burden on private industry, which will help create private sector jobs, is a great way to help economic recovery.'"

Oh, so were still preachig the bullshit line that tax cuts create jobs. Yes, taxcuts do create something, like deficits, 10% unemployment, bailouts. If you think that private industry si going to hire all the laid off state workers, your smoking some strong stuff.

The government is broke, but the leader of the regime want more and more spending. It is as if he wants to destroy the country on purpose. Marxist theory...( destroy first then rebuild.)

Do you really believe any of this crap that you spout?

Maybe that 40-50% of the country's households that pay no federal income tax should chip in a little for their country.

Tax cuts don't cause deficits, etc. Excessive government spending over tax revenues cause those problems.

@LICComment EIC credit funding isn't that big, 45bln as of 2009. EIC goes towards only people that work. We can cut the amount of federal employees to make up the difference, or cut off other unemployment/welfare program:

http://en.wikipedia.org/wiki/2009_United_States_federal_budget

> Oh, so were still preachig the bullshit line that tax cuts create jobs.

or, more simply taxes kill jobs.

If you don't think thats the case... well, you're alpo, so none of us are surprised.

> If you think that private industry si going to hire all the laid off state workers, your smoking
> some strong stuff.

Alpo, are you still on the crack pipe of "the government will just hire everyone".

Come on doggie, play that till the end.

How on earth do you think that is sustainable?

btw, if you don't think that taxes kill jobs, you haven't created any.

I disagree with more government, but wasn't the government stating a few months ago that it created all these jobs... except that they are non value jobs or temporary seasonal jobs.

So its not that the gov will hire everyone, its that they think they are helping by making MORE government, MORE taxes, MORE REGULATION. Yikes is there a reset button anywhere?

So you silly Republicans want to cut govt spending? Ok, fine. Effective January 1, let's cut the defense budget by 35%. Oh, but every time we crazy lefties even propose cutting the defense budget a single penny, you immediately call us traitors and hoping the terrorists win.

And don't forget the debt service attributable to military spending.

Fine, effective July 1st lets cut ALL spending by 50%.

Silly republicans? I am not a republican, I am liberal. I don't remember when liberals were supposed to pay for government employees? Do you mind to refresh that for me?

OH, no you don't ... it's 35%, not 50%. Nice try ...

>it's 35%, not 50%. Nice try ..

LOL?

First not sure what's 35%. Let me get you a bit of simple math. The assumption is that X > 0;

X - 35% > 0