Unforseen circumstances

Wall Street bankers in New York are getting much smaller bonuses this year than last year.

That’s a good thing, right?  In view of the financial apocalypse, they deserve less.

Only thing is, New York City and New York State made a lot of money out of taxing those bonuses, and between them they are looking at over $1bn less money to spend on everything that city and state government needed to pay for. 

It’s a tough time for local government cuts.

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    Every Lib Dems criticise Labour's policy on this, they enable the debate to be focused back onto "Clegg and the Lib Dems lied to you"....
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    @SimonShaw I rather suspect Labour have spent time costing the proposal to ensure it is do-able rather than land themselves in the same position as...
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