Bloomberg: Job cuts needed to stop NY City bankruptcy.

I guess this has nothing to do with Rush Limbaugh's decision to avoid working in New York. Seems like most people in NY want him to go.

The recession and the Wall Street crisis have knocked a huge hole in city finances that traditionally relied heavily on taxes from financial companies.

Having fat cats wages slashed is turning out to be so much fun, right? Good advice from a dear departed lady: "let them eat cake."