New York State of CRISIS?
Posted by ayeshawrites4u on July 28, 2008
According to today’s issue of the New York Post, Governor Paterson is expected to give an unprecedented speech about the dismal status of New York’s fiscal state. According to the Post, by 2012 we will have a “$5.4 billion dollar budget gap” due to increased state spending and Wall Street’s economic decline. We have not faced an economic crisis this bad since the 1970’s.
The last time this happened, 19,000 civil servants were fired and bonds were defaulted on. In fact, eight firehouses were closed to offset the budgetary problems the city faced.
How are we to prepare for these hard times? As a New York City teacher and the resume writer of Ayesha Writes 4 You, I know it is important to have my resume handy and to have a 3-6 month savings cushion just in case the past repeats itself.
Are you prepared? Do you have an updated resume that you can send out if layoffs do occur? Have you been networking and keeping up with old friends just in case you need to find a new position?
If not, I think it is time to start now.
