Obama helps NYC

Obama plans to get New York City back on track. His plan is to give 3.4 billion to the big apple over the next two years. The reason for this is to close NYC's budget gap by giving 1.6 billion to education and 1.8 billion more to Medicaid reimbursement. This would help this large city get out of the large debt they are currently in. It is estimated that New York's debt could rise to 11.3 billion over the next 3 years because of sinking revenues. It looks less probable with Obama's plan in place.

I think that Obama is doing the right thing here by helping New York out. The reason I think this is because he is funding the two most important things for them: education and Medicaid reimbursement. This is a great step in the right direction for both Obama and the city of NYC. I hope this funding will continue in the near future to other cities in need.