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Thread: Fiscally Responsible Dems?

  1. #1
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    Fiscally Responsible Dems?

    Will the Dems of NYS block this form of fiscal irresponsibility or will it go through because the infrastructure has been allowed to ruin in favor of Union pay hikes and compensation?

    Hevesi: PACB Approving Billions In State Debt

    November 22, 2006

    The state Public Authorities Control Board is pushing through billions of dollars of borrowed funding, just months before the current administration leaves office.

    The PACB has approved numerous state construction and economic development projects in the past month, and Comptroller Alan Hevesi says it is saddling state taxpayers with billions of dollars in debt, in the final days of Governor George Pataki's term.

    In October, projects worth nearly $5 billion were approved and this month, the PACB was set to vote on nearly $7 billion more, much of it new state debt.

    But Governor Pataki's office says the board is voting on measures that had been delayed by Hevesi and Assembly Speaker Sheldon Silver.

  2. #2
    Member Mr. Lackawanna's Avatar
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    You know as well as I that the Democrats will act like prostitutes and approve the debt. It may be a little less than originally planed. Then they will try to spin the new larger debt as a victory because they have reduced our debt. this will go along with some people who post on this board that all debt is good.

  3. #3
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    Here's the crux of this whole debt issue.
    The state will be over 11 billion, yes with a B, in debt.
    The city of Buffalo and Erie County have counted on state money for years to balance their budgets. There isn't any money for the state to send our way to balance our budgets. As we know the sales tax issue is back up for votes and it may or may not pass. I'm certain it will. Oh Yippie!
    So where is all this revenue going to come from when Spitzer has promised not to raise taxes and he said "You can take that to the bank!"

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