New York Faces Bankruptcy

New york is looking to lay off 7000 workers to try to stave off

bankruptcy, the move would save 350 million a yr.

That would be added to a original 1300 planned to let go, and

another 8000 to be weeded out through attrition and buyouts.

This global meltdown is starting to ripple throughtout , with these people

on the dole, not spending , more will incoming. rawstory.com...

reply to post by Seany


The only good to actually come from this recession/depression is that government will have to trim down, because there is not enough revenue to pay everyone.

Well except for the feds.. they will just keep printing money whenever they run low.


[edit on 9-4-2009 by justsomeboreddude]

reply to post by justsomeboreddude


At the moment they are doing the opposite with all their spending. They are driving the whole nation into bankruptcy.

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