The biggest similarities, though, are in the financial ledgers. In New York, they want to raise taxes and cut services essentially what the Greeks are doing to plug a $9 billion deficit. In New Jersey, the governor says We have done every quick fix in the book that you can do, and now we are left literally holding the bag. Hes already declared a state of emergency, and is cutting budgets like a tsunamis on his tail. And maybe it is.