Empty Your Pockets For The Politicians

Both Governor Paterson and Mayor Bloomberg recently warned that tax increases may be necessary to close anticipated deficits. In today’s current economic situation, New York City residents are likely to face state and city tax increases in the very near future. Once again, unwise and wasteful spending brings us to the precipice. New York State and City governments should have mandatory special savings accounts to tide them (and us) over during tough economic times. You know. The kind of savings accounts that New Yorkers will be forced to dip into when the taxman comes knocking.