New York Needs Help? Well, Let's Get To It!

Dig this.

Gov. Paterson said yesterday the feds have to help bail out cash-starved New York to help plug the more than $9 billion budget gap facing the state.

"We are struggling for survival to close this budget deficit," Paterson said during a town-hall meeting in White Plains, his second budget-focused event in the past week.

He added: "There is going to have to be federal relief here."

Followed by this bit of Jacob Marlyism.

State Treasurer Timothy P. Cahill, an independent candidate for governor, today offered a wide-ranging and scathing criticism of the state’s universal health care law, saying it is bankrupting Massachusetts and will do the same nationally, if a similar plan is passed in Congress.

"If President Obama and the Democrats repeat the mistake of the health insurance reform here in Massachusetts on a national level, they will threaten to wipe out the American economy within four years,” Cahill said in a press conference in his office.

Of course, my own California blows these examples away.

Meanwhile, credit rating agencies are starting to warn the US of a possible downgrade and both Japan and China have become net sellers of US debt. Clearly, the solution here is to pass into law another monster entitlement.