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56% in New York Say State Likely To Be Bankrupt By Year’s End
Rasmussen Reports ^ | November 21, 2009

Posted on 11/22/2009 1:54:16 PM PST by reaganaut1

New York voters aren’t very optimistic about the financial solvency of their state, but they're also sending their elected representatives mixed signals. They oppose budget cuts in a couple key areas but are against tax hikes even more.

A new Rasmussen Reports telephone survey in the state finds that 56% of voters say it is at least somewhat likely that New York will be bankrupt by the end of the year. Twenty-one percent (21%) say it is very likely.

Thirty-seven percent (37%) believe that outcome is unlikely, but only nine percent (9%) say it is not at all likely.

An overwhelming 81% of say the bigger problem in New York State today is not that voters are unwilling to pay enough in taxes but that politicians are unwilling to control government spending. Just eight percent (8%) think the bigger problem is voter unwillingness to pay enough taxes.

New York State faces a $3.2 billion budget deficit this fiscal year, and that deficit is projected to climb much higher next year.

But 58% of voters in the state oppose cuts to social welfare benefits and education spending, both of which are among the highest in the nation, to help reduce the budget deficit, as New York’s unpopular governor David Paterson has proposed. Twenty-eight percent (28%) are in favor of such cuts, and 14% are undecided.

Only 15% think raising state taxes is a good way to help reduce the deficit. Seventy-five percent (75%) are against tax hikes for that purpose.

Republicans and voters not affiliated with either major political party are much more likely than Democrats to predict that the state will go bankrupt.

Seventy-two percent (72%) of Democrats and the plurality (47%) of unaffiliateds oppose cuts to social welfare and education spending. Republicans are almost evenly divided on the question.

(Excerpt) Read more at rasmussenreports.com ...


TOPICS: Business/Economy; US: New York
KEYWORDS: 2009polls; ny2009; nybudget; taxandspend

1 posted on 11/22/2009 1:54:17 PM PST by reaganaut1
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To: reaganaut1

Representation by polling; is similar to bribery at the poll booth, giving them something they want for the moment.


2 posted on 11/22/2009 2:02:04 PM PST by ntmxx (I am not so sure about this misdirection!)
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To: reaganaut1

$3.2 billion? Look to CA on how to keep on going with far greater deficits.


3 posted on 11/22/2009 2:03:00 PM PST by umgud (I couldn't understand why the ball kept getting bigger......... then it hit me.)
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To: reaganaut1

Defining bankruptcy is becoming a chore in itself anymore thanks to liberal government moving us away from the dictate of our Constitution.


4 posted on 11/22/2009 2:03:15 PM PST by EGPWS (Trust in God, question everyone else)
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To: umgud
Look to CA on how to keep on going with far greater deficits.

If one needs a loan, ask California as they are the land of plenty. /s

5 posted on 11/22/2009 2:05:46 PM PST by EGPWS (Trust in God, question everyone else)
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To: reaganaut1

The end result of liberalism.


6 posted on 11/22/2009 2:10:39 PM PST by KC_Conspirator
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To: reaganaut1

That’s ok, David Patterson, John Sampson and Sheldon Silver will just pass more tax increases and claim they made the “tough decisions” necessary to correct the problem. Once again they’ll literally say, “problem solved, no worries, move on.” Pathetic.


7 posted on 11/22/2009 2:16:10 PM PST by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: umgud

$3.2B? That’s chump change. CA is looking at 20B deficits for the next 5 years. Those libs really know how to run things...into the ground.


8 posted on 11/22/2009 2:17:23 PM PST by Signalman
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To: KC_Conspirator
The end result of liberalism.

Liberals wear suspenders thus they know nothing of belt tightening.

9 posted on 11/22/2009 2:19:16 PM PST by EGPWS (Trust in God, question everyone else)
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To: Bobkk47
$3.2B? That’s chump change.

Just what the Federal Reserve made it.

10 posted on 11/22/2009 2:21:17 PM PST by EGPWS (Trust in God, question everyone else)
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To: reaganaut1

IOU’s for the win. /s


11 posted on 11/22/2009 2:24:50 PM PST by cranked
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To: reaganaut1

Hey N.Y., quit yer whinnnning, ya done it to yourselves.


12 posted on 11/22/2009 2:29:22 PM PST by Joe Boucher (This marxist punk has got to go.)
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To: reaganaut1

Wait ‘til they find out there’s no money left to bail them out....


13 posted on 11/22/2009 2:29:42 PM PST by GOPJ (ObamaCare - slush fund scam that would make Bernie Madoff blush.)
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To: reaganaut1

Morally or fiscally?

SnakeDoc


14 posted on 11/22/2009 2:48:28 PM PST by SnakeDoctor ("Talk low, talk slow, and don't say too much." -- John Wayne)
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