So with all the talk of debt, and financial crisis I thoght I would point out a picture from a trip a couple years ago to New York City.
Southwest just opened a new route to Newark from Houston, so there are lots of sub $200 flight deals out there which is especially good for a summer fare.
Tip: Reserve a ticket ahead of time, to go inside the statue liberty, otherwise you will just have to wonder the grounds till the next ferry comes. Link
Food: Grimaldi's pizza under the Brooklyn Bridge, worth the wait Link (p.s. there are locations across the US including (Arizona, Flordia, Las Vegas, & Texas so you can get a sneak peak before you go)