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Paterson: NYS Will Be Broke Before Christmas
CBS ^ | Nov 9, 2009 | Marcia Kramer

Posted on 11/09/2009 8:01:33 PM PST by neverdem

Delivers Scary News To Legislature, Says Only Way To Fix Problem Is To Have Immediate Cuts To Education, Hospitals

Governor David Paterson called an unusual joint session of the Legislature Monday to implore recalcitrant lawmakers to close the state's huge budget gap before New York runs out of money.

To some lawmakers it's nothing more than a photo op to help Paterson get re-elected. But the governor is dead serious. He said if the Legislature doesn't cut the budget now the state could run out of money by next month.

"We're going to run out of cash in four and a half weeks. We are going to run out of money. Unless we do something about it, (it will) threaten generations," Paterson said.

And so began what is turning out to be a tense tug of war between Gov. Paterson and the Legislature.

The governor says $3.2 billion in cuts must be enacted how -- or else. The cuts range from $500 million in agency spending to over $1 billion in already committed in aid to school districts and hospitals.

"I will mortgage my political career, but I will not mortgage the fate of the State of New York," Paterson said.

But Senate Democrats, with their tenuous 32-30 hold on the upper house, are terrified to make school and hospital cuts because, they said, the cuts could mean increases in local property taxes.

And that could mean suburban Democrats on Long Island, in Westchester and other parts of the state could have trouble getting re-elected next year.

Remember, high property taxes led to the ouster of many suburban Democrats last week, including Westchester County Executive Andy Spano. Nassau County Executive Tom Suozzi could also lose once absentee ballots are counted.

"Personally, I do not favor mid-year school cuts," said State Sen. Pedro Espada, D-Bronx.

"Last year, in the midst of this financial crisis, the Senate and the Assembly together with the governor decided to raise spending by $12 billion," added Sen. Andrew Lanza, R-Staten Island.

"I'd rather present 96 or 97 percent of a check to school districts, to hospitals than to have them call up and say where's my check? And the state says, sorry, we didn't have any money," said Assembly Speaker Sheldon Silver, D-Manhattan.

The governor has ordered lawmakers into special session Tuesday to close the budget gap. Right now there is no agreement and he could flex his muscles by keeping them here until there is.

Also on the agenda Tuesday are bills to legalize gay marriage, toughen drunk-driving laws, impose a cap on state spending and reform the state's public authorities.


TOPICS: Business/Economy; Culture/Society; Extended News; Politics/Elections; US: New York
KEYWORDS: paterson
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1 posted on 11/09/2009 8:01:34 PM PST by neverdem
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To: neverdem

So its a spending problem after all? For thirty years, we New Yorkers have been told that the problem was that we weren’t paying enough in taxes. Funny how us knuckle-dragging conservatives have been right all along.


2 posted on 11/09/2009 8:04:51 PM PST by fhayek
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To: neverdem

Headline from 2011:

USA to be Broke by Christmas, President Says


3 posted on 11/09/2009 8:05:06 PM PST by jtal
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To: neverdem

If it wasn’t so sad it would be funny. People of NY, you voted for these jack holes, now you pay the price.


4 posted on 11/09/2009 8:05:54 PM PST by Drill Thrawl (0-435 Vote them all out.)
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To: neverdem
We Californians ran out of money several times ... and someone the ship of state keeps floating on.

These politicians are better magicians than Copperfield ... that freeko geeko that tricked a super model into marrying him!

5 posted on 11/09/2009 8:06:05 PM PST by who_would_fardels_bear (These fragments I have shored against my ruins)
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To: neverdem

So, is Patterson going to show more sense than Arnie? That would certainly be unexpected.


6 posted on 11/09/2009 8:07:55 PM PST by Cicero (Marcus Tullius)
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To: neverdem

Perhaps if they, like California) did something about their illegal alien problem, they wouldn’t be in this mess.

Didn’t they take stimulus money?


7 posted on 11/09/2009 8:08:18 PM PST by Kimberly GG (Sarah Palin - Supports a "path to citizenship" for illegal aliens. "path to citizenship" IS AMNESTY)
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To: neverdem
Another State belly up under democrat leadership. Wow.... what a surprise!
8 posted on 11/09/2009 8:08:57 PM PST by Rickcbw
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To: Rickcbw
Just wait until the States have to pay the mandates required in the bill just passed by the US House in the stealth of the night on Saturday. If the States think that they have economic woes now, they are sitting ducks for Obama, Inc.’s plans for them.
9 posted on 11/09/2009 8:11:22 PM PST by madinmadtown
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To: neverdem
Screw New York.

Who's been running that place?

10 posted on 11/09/2009 8:13:59 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
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To: neverdem

We’ll Be Broke by Christmas (to the tune of “I’ll Be Home by Christmas”)

We’ll be broke by Christmas,
You can count on us.
Please send dough and on we’ll go,
Spending all you have.

We’ll be broke by Christmas,
We’ll turn out the lights,
Shutting schools, ‘cause we’re no fools,
We know you will give in.

Tax the old folks’ houses,
So we can foreclose.
Hospitals will close their doors,
But we will keep our perks.

We’ll be broke by Christmas,
But keep our liberal dreams.


11 posted on 11/09/2009 8:15:31 PM PST by Pining_4_TX
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To: neverdem
This is the dumbass who crowed a few months ago that if he knew that raising taxes would impel Rush Limbaugh to leave New York he would've raised them a long time ago.

How's that hope and tax increases working for you Paterson?

12 posted on 11/09/2009 8:16:00 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
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To: madinmadtown

Yes, you’re right. That will put them under for sure. Good point!


13 posted on 11/09/2009 8:20:58 PM PST by Rickcbw
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To: neverdem
Hospitals, police, firefighters, and libraries must all suffer the consequences of six-figure public servant pensions and an endless array of government worker union demands.

It's only fair.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

14 posted on 11/09/2009 8:21:28 PM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: neverdem

NYC broke—thanks go entirely to Liberal DemoRAT socialists. America is waking up! We The People will drain the sewer come 2010. RATs that don’t believe it, are smoking Pelosi’s lies.


15 posted on 11/09/2009 8:21:48 PM PST by ExTexasRedhead
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To: neverdem
Restored Crown Point, N.Y., lighthouse features Rodin

Was this really necessary? No!

By CHRIS CAROLA The Associated Press - Published: May 15, 2009

CROWN POINT, N.Y.

A bronze plaque created by Auguste Rodin a century ago will soon be returned to its place on the Champlain Memorial Lighthouse, slated to reopen this spring after a more than $2 million restoration project that included conserving the French sculptor's "La France."

Rather than repair the Crown Point bridge in that area (Lake Cahnplain)they waste money on that. Now the bridge will be demolished and a new one built.

16 posted on 11/09/2009 8:22:24 PM PST by lysie (A long habit of not thinking a thing wrong gives it a superficial appearance of being right.T.Paine)
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To: Drill Thrawl
If only we had this guy:

And this one:

Paterson isn't helping any of his dwindling chances of getting reelected with these dire realities, but I give him credit for at least pointing out that there is a HUGE problem within NY State's fiscal budget ... something which eludes all those NY polits with clear vision, but even a blind Paterson can see it

17 posted on 11/09/2009 8:23:46 PM PST by Mr_Moonlight
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To: neverdem
Ever notice how blue states always seem to be going broke? California, New York, and Michigan are prime examples of liberal fiscal policy. I feel as much sympathy for these states as I do the bankrupt MSM.
18 posted on 11/09/2009 8:25:13 PM PST by Nosterrex
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To: neverdem

Every Democratic state will be going broke. They want more government than they can afford. They still say it is a “rich country” which gives them license to loot it, then tax and spend.

First 3 trillion in sub prime mortgages, now a trillion for health care, and there is no money to pay the interest on the national debt.

It will end in chaos.


19 posted on 11/09/2009 8:29:07 PM PST by Titus-Maximus (Light from Light)
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To: Pining_4_TX

Not bad! Now write some lyrics to “Budget Cuts roasting on an open fire...”


20 posted on 11/09/2009 8:34:42 PM PST by DTogo (High time to bring back the Sons of Liberty !!)
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