Site for Free Markets and Free People

Wednesday, December 17, 2008

No Recession for NY Government

New Yorkers, beware. You will soon be facing all sorts of new taxes, all of which are virtually guaranteed to hurt consumer spending and economic growth. Cheer up, though - the government still plans to increase spending next year. They try to make it sound like they're really cutting back by saying that government spending growth is expected to slow to "only 1%" next year, the lowest growth in years. Hooray.