Governor Paterson to address state tonight. Re: budget crisis

Shit, almost forgot all the consumerism dollars flowing freely across the TwinSpan!

They’re going to announce that they’re giving themselves raises in a strategic move to motivate themselves to work harder to find a solution.

“cuts to state services”
I’ll take Medicaid for 500, Alex. That’s not just a liberal thing either. We spend 130% more per capita on it than California.

days before summer break :rofl:

PX is up $0.10 since you were last here.

…I’m going to try to chart the stock price move in relation to your active presence on NYSpeed throughout the business day.

Two reasons:
I’m that bored at work.
You’re that bored at work.

the whole market took off in the last hour.

SHUT UP.

I bet he didn’t know that.

I’m sorry Joe, Sheldon Silver has decided you are not allowed to pick from that category. And since NY is the most dysfunctional government in the entire country, one Democrat from NYC has that power.

They are going to hire 1000 experts to do a 10 year study on simple addition and subtraction to get to the bottom of this crisis.
The good thing is the experts are willing to do this for only $350,000/year each.
:mamoru:

:lol: If my work paid off that well my fingers would be bloody from working so hard. Alas, there is very little difference in this position between working on critical goals and playing with my bubble gum.

You country boys. :roll:

Ugh. I’m getting real sick of NY State. Texas here i come.

“We’re fucked. We’ll be back in a month to deal with it.”

What the hell did he say about joint public/private ventures?

Vegas is sounding better and better.

What happens in vegas…

2nd result for “hookers & blow”


YES it’s worksafe.

Well, what clips they’re showing on the local news sound good. I’ll have to find the entire speech tomorrow and listen to it, but so far I like what he’s said.

Of course, I’ve been down this road once starting to trust a Democrat with Spitzer. In the end the least of my problems with Spitzer was the hooker thing.

Sheldon Silver says that Paterson is over reacting.
Can you say Ivory Tower?
When you think $6,000,000,000 is not worthy of attention, you are out of touch.
I mean if NY was somehwere in the middle it would be one thing but when you are dead last in just about every fiscal catagory, you need to improve.
Silver, Bloomberg and the rest of those people need to STFU!

As was I… I will remain skeptical but optimistic if you find the full one send me a link. The 2 on your side thing of holding politicians accountable with the interviews was interesting I didn’t realize how fucked up our government really is in this state.

And some of the bills which grease other people and special interest groups… just really screwed up.

Isn’t such a great thing that I am staying in Buffalo and not going to Denver :roll2: stupid TW and dicking me around.

Transcript:

FOR IMMEDIATE RELEASE:
July 29, 2008
GOVERNOR PATERSON CALLS LEGISLATURE BACK TO ALBANY FOR SPECIAL ECONOMIC SESSION ON AUGUST 19
Three Year Budget Deficit Now Projected at $26.2 Billion, a 22 Percent Increase in 90 Days

Governor Calls on State Government to “Follow the Lead” of New York Families and Dramatically Cut Spending


Governor David A. Paterson today delivered the following speech to the citizens of New York State during a live televised broadcast:

My fellow New Yorkers,

Our state now faces increasingly harsh economic times. When I travel across the State I see communities suffering. Everywhere I go I meet people who are losing their jobs and their homes. I meet families forced to pay more for gasoline and for food, while their paychecks stay the same. Next winter some of these families will have to choose between heating their homes and feeding their children. The rising costs of health care mean that they can’t afford to get sick. The rising costs of education mean that parents can no longer prepare for their children to be in the work force. The damage on Wall Street is affecting all of our communities and its effects on our New York State’s finances are devastating.

When I took office, I was apprised that the New York State budget deficit for next year was $5 billion. I immediately ordered cuts to state spending, but the situation has gotten worse. Tomorrow I will submit a budget plan that places our deficit for next year at $6.4 billion – that is $1.4 billion higher than it was just a few short months ago. How could this happen? It’s simple. Costs are rising steadily, revenues are dropping dramatically.

In the beginning of May, our budget director projected our New York State deficit over the next three years at $21.5 billion – that was a record. But things have changed. That number has now erupted to $26.2 billion – a staggering 22 percent increase in less than 90 days.

In June of 2007, the 16 banks that pay the most on taxes to their profits remitted $173 million to our New York State Treasury. This June, just a month ago, they sent us $5 million – a 97 percent decrease. Our economic woes are so severe that I wanted to talk to you personally this evening about where we stand. The fact is: we confront harsh times. Let me be honest: this situation will get worse before it gets better.

But the time to act is now. We cannot waste any further opportunities. We can’t wait and hope that this problem will resolve itself. If we do, we will lose our opportunity to turn this situation around. These times call for action and today I promise you there will be action.

Today I am calling the legislature back for an emergency economic session on Tuesday, August [19th].

In the interim, my administration will confront the following issues: addressing the size of the state work force; further cuts to agency spending and generating proposals for public and private partnerships for our State assets.

When I meet with the legislature, we will work together to help New Yorkers cope with this crisis. We will continue working on a property tax cap to lighten the load for homeowners and we will find a way to curtail the rising costs of home heating next winter. I will do everything I can to make sure that New York’s families do not freeze when it gets cold. My message to the legislature is that next year’s budget process starts now.

New York’s families are already making the tough choices. Every time you fill up a tank of gas or go to the supermarket you are learning to do more with less. New Yorker’s are prioritizing spending every day. The lesser crowding of the New York State Thruway is an indication that too many of you have postponed holidays or canceled your vacations.

Now your government is going to follow your lead. We are going to end the legislators’ vacations and bring them back to Albany to reprioritize the way we manage New York State’s finances. For too long we have done less with more and paid more for less. Now government will do what families have done when their incomes have fallen – we will cut spending. Government will learn to do more with less.

But I can’t do it alone; I need all of your help. I’m asking for the State leaders in the public and private sector, in labor, those who serve in Washington, owners of business and others to join us in this great effort.

It is time for New York and other governments to cut up our credit cards. The era of buy now, pay later and later is over. The faster we address this crisis, the faster and stronger we will emerge from it. That is the path to a better and more prosperous New York.

I’d like to thank the networks for extending me this opportunity and all of you for watching and listening this evening. Good night.

Video:
http://interface.audiovideoweb.com/lnk/1c2win1559/GovPaterson_BudgetMessage_072908.wmv/play.asx