Home > economic freedom, government waste, New York > It Depends What the Definition of “Broke” Is

It Depends What the Definition of “Broke” Is


CNBC is reporting that New York State is “nearly” broke and has delayed payments on $2.5 billion in bills.

“Had we not done that, I think we would have been close to broke,” [State Budget Director Robert] Megna told reporters in Albany. This is the third time since December the cash-poor state has withheld funds.

Excuse me, but if you’re blowing off your bills because you don’t have the money to pay them, you are already broke.

Advertisements
  1. Mark Axinn
    June 2, 2010 at 3:02 pm

    One way the states are trying to manage their cash flow issues is to slow down tax refund checks to their citizens.

  2. June 3, 2010 at 1:33 am

    “How did you go bankrupt?”

    “Two ways, gradually and then suddenly.”

    Ernest Hemingway, “The Sun Also Rises”

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: