Friday, October 03, 2008

I don't usually get this coarse . . .

. . . but, TOUGH SHIT!

NEW YORK (Reuters) - New York Gov. David Paterson on Friday pledged not to raise taxes, even as he predicted an increase in the state's budget deficit to $2 billion amid fallout from the credit crisis and recalled the legislature for a special session next month to address the economy.

Paterson, a Democrat, said he feared Wall Street, which accounts for one out of every five tax dollars in the state, could slash bonuses by 60 percent and capital gains tax collections could plunge by about 50 percent.

Paterson said Wall Street bonuses generate 30 percent of the state's taxes in the January to March quarter.

Considering what's been going on in the financial markets, doesn't this fall in the category of poetic justice?

And, since poetry was mentioned . . .

Poetry . . . shows what should or must occur, rather than merely what does occur.
- Aristotle

That also seems relevant to the topic does it not?