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Avery Goodman
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Avery B. Goodman is a licensed attorney and the author of the action-packed Wall Street thriller "The Synod". He holds a B.A. from Emory University, where he concentrated on history and economics. He also holds a Juris Doctorate degree from the University of California at Los Angeles Law... More
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Bank: Thrilling Adventures on Wall Street
  • NYC Mayor Fires Teachers While Opening Gay/Lesbian Senior Center! 3 comments
    May 6, 2011 11:48 PM

    Mayor Bloomberg recently submitted his proposals for dealing with the fiscal crisis that is now plaguing New York City.  For the first time since the stagflation era of the 1970s, he is proposing to cut 4,000 teachers.  Yet, according to the New York Times, the same budget includes new money to fund a series of Senior Citizen centers across the city, including one specially designed to cater to the needs of the gay, lesbian, bisexual, and transgender community of senior citizens.  In addition, 1,000 slots at low-income child day care centers are also being eliminated, as well as $51 million of a previous $91 million budget for child care services.

    New York City has what are among the highest taxes in the nation.  Although its tax revenues this year are robust, last year's revenues were lower, as were revenues in 2008.  But, the State of New York is nearly bankrupt, and has cut some funding for the City, more than cancelling the City's own revenue increases. The City has no choice but to cut its budget because it cannot raise more taxes without creating a profoundly negative effect on the city economy.  It cannot spend money that it doesn't have.  So, something has got to be cut.  New York's Mayor can save a lot of cash by firing teachers.

    But, it is a question of priorities.  Should teachers and child care be cut, while the City builds senior citizen gay and lesbian centers?  What is more important?  Senior citizens, some of whom are living an alternative lifestyle?   Or, the children, who are the future?  We leave this question for the reader to decide.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Comments (3)
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  • Demparty2008
    , contributor
    Comment (1) | Send Message
    Based on how the author presented the question we know his opinion and objective. Seniors in New York City will be loosing services to the tune of $40 million dollars. A drastic cut will leave senior services struggling. These seniors are the people who paved NYC roads, kept NYC residents safe at night, raised their family in NYC, and much more. Yes children may be the future but what type of future are the inheriting when a society can not take care of those who took care of it when we were children. The policy decision to cut senior services and from children is just flat out wrong. There has to be a better way.
    12 May 2011, 09:43 AM Reply Like
  • randallsanborn
    , contributor
    Comments (11) | Send Message
    Yes, but you are still missing the point. And what have senior citizens done for us? Look at the state we are in? Children are the future that's the bottom line.
    31 May 2011, 07:19 PM Reply Like
  • Erica flores
    , contributor
    Comment (1) | Send Message
    Thanks to the Seniors, the Future exist.....


    Seniors should be respected, that is one step, we all have to confront someday..... Ha,ha,ha....
    21 Jul 2011, 10:56 PM Reply Like
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