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.

Read more by or more about , , , or .
This entry was posted in LDVUSA.
Advert

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • Neil James Sandison
    Liberalism has evolved over the centuries with many different names and alliances .That is good in terms of development of progressive politics . We are clearly...
  • Mark ValladaresMark Valladares
    @ Peter, Having briefly looked at the Legatum Institute report that you refer to, whilst I take your general point, their scoring system is a bit quirky. Mid...
  • Peter Martin
    @ Joe, Yes there is poverty in London but that still doesn't change the fact that London and the SE of England are where the wealth is. There would be less p...
  • expats
    I watched the programme and almost choked on my G&T when hearing 'an investor' stating that the public sector couldn't run anything efficiently... Despite ...
  • Mark ValladaresMark Valladares
    @ David, Thank you for raising this. I find myself wondering whether or not we need to think about how social care is provided (and by whom) just as much as ...