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Link: http://wsws.org/articles/2010/feb2010/nycb-f16.shtml
Mayor Michael Bloomberg recently announced plans to implement a series of cuts in order to close New York City’s $4.9 billion budget deficit, part of the growing wave of fiscal crises affecting state and local governments throughout the country. Bloomberg’s answer to this crisis is slashing the jobs and wages of municipal employees and cutting vital social services for the city’s residents.