The main cause is the state's tendency to enact spending and tax-cut obligations that balloon in size in later years, without identifying the means to pay for them, a longstanding practice that Mr. Pataki has not changed.
The only clear-cut obligation is to consult.
Other people in circumstances similar to these might have understandably cut further obligations short.
Chrysler would give the union a 55percentt stake to cut its obligations to the health care trust in half, said these people, who spoke on condition of anonymity because details of the agreement have not been released publicly.
Hospital, corrections and municipal officials have long complained about people with mental illness crowding emergency rooms, homeless shelters and prisons in Massachusetts, saying mental health budget cuts transfer obligations to them.
Despite the surge in state revenues, primarily from taxes on Wall Street profits, the governor, the Senate majority leader, Joseph Bruno, and Assembly Speaker Sheldon Silver must be careful not to endorse either tax cuts or obligations that would expand the deficit later.
While I'm sure ABC will reclaim what's rightfully theirs if the match-made-in-heaven falls through, real couples often don't have such clear-cut contractual obligations to guide them.
Wage freezes, unpaid furlough days and higher health insurance contributions are common, and many states have taken steps beyond raising worker contributions to cut their pension obligations.
That is likely to push more companies into steps to cut their DB obligations, if necessary by closing their schemes to existing members, as well as new ones.
Shares of companies in which Gulf investors own big stakes, including the London Stock Exchange, the grocer J Sainsbury and the German carmaker Porsche, also fell sharply on concerns the holdings would be cut to meet obligations at home.
