Am I better off today than I was when they took office? Easy answer - NO
Is the state fiscally better off than it was when they took office? - Easy answer - NO
Check and Balance has a new meaning in New York State. The Democrats are writing the checks and the state budget is way out of balance, by $25 billion over the next three years.
Democrats have shown no willingness to cut spending, therefore it leaves no choice but for them to continue to raise taxes, like they did this year to cover the gaps.
"Nearly a full month after the Legislature’s adoption of the 2009-10 state budget, Governor David Paterson’s Division of the Budget (DOB) today issued its first official financial plan update since January. The bottom line: New York State’s long-term financial outlook has significantly deteriorated since Paterson unveiled his Executive Budget a little over four months ago. Due to a combination of falling revenues and added spending approved as part of the 2009-10 budget deal, the state’s out-year budget gaps are more than twice as large as those the governor originally projected in his Executive Budget proposal."Stimulus money masked the real problems and created more.
"The stimulus funds are slated to expire after 2010-11. As a result, the official projection of State Operating Funds disbursements takes a sharp jump of $9.4 billion, or 11 percent, in 2011-12 – which, as it happens, is also the first fiscal year of the next gubernatorial term. At that point, spending paid for in part with federal stimulus funds in 2009-10 and 2010-11 will have to be either cut or financed with the state’s own revenues."Read More
NY Times
NY Post
NY Fiscal Watch
10 comments:
Hmmm. Let's see.
Economy in crisis?
Let's raise taxes AND spending, and push our deficits into the future.
That's a lesson straight from Washington.
It's heartening to see our Albany Democrats can learn it as well!
Laura Anglin is a babe, like our own, Alex Field!
Q & A for your "fav incumbent in office," or for your "party's pick for office?"
No diff really ...
Besides, their answers are always the same: "Vote for me and get change..."
Yes, but Party favs are NOT change.
They are substitutions ...
Cynical? Yes, a bit - why, aren't you [yet]? LOL
Enough of Addie & Darrell
What if I don't have a favorite incumbent? As a matter of fact I am voting against all incumbents. With $19 billion in the hole we need a new crew across the board. I know it's bush's fault because someone always tells me so. But he's gone and these sons o bitches are still here spending my money!
And if the Republicans had their way, or at least installed what they said they wanted, we'd have seen an even bigger number.
Fact is, that number was approaching $100 billion (Remember when the Gov came and told us all about that in Watertown, Syracuse and on press conferences on News 10 Now) over three years before the budget passed.
Now it's only $20 billion? Sounds like comparative fiscal responsibility to me. The Republicans wanted to increase spending and decrease revenue, hmmm, talk about budget gaps
So I guess we just increase spending and increase taxes push out what business is left and shut to hell up right? After all It is the patriotic thing to do. Whatever I am leaving NY anyway so yall enjoy.
The news just keeps getting better. Now the tax break we are supposed to get was calculated wrong.At the end of this year they are going to want it back.Applies to married couples who both work and single people with two jobs.This goes for the 250$ you retirees are due to get in the next few weeks. Funny why they want to keep this secret.
10:12 is right. The donkeys are showing us fiscal responsiblity. It would have been worse if we hadn't voted in the donkeys.
These comments prove we must spend more money on education. Or tacos, or something. Quickly.
10:12 is right. The donkeys are showing us fiscal responsiblity. It would have been worse if we hadn't voted in the donkeys.
These comments prove we must spend more money on education. Or tacos, or something. Quickly.
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