Quick Partial Index (all are links) To Cuomo's Corruption And Its Cost


Letter to Super DEBT Committee - Save $2 trillion dollars without harming Medicaid beneficiaries. link

Letter to Congress: save $200 billion in Medicaid in this year's budget.
link link
Congress notified of NY medicaid fraud by NYS link

Even with wildly optimistic pension earnings predictions, New York Debt per person including local debt is $24,195. For a family of four that is about $97,000. link

A. Latest on Chapter 10 Bankruptcy link 1 Link 2
B. Cuomo Budget Link 1 Link 2
C. NY Bonds Link1 Link 2 Link "Writing on Wall"

Cuomo as Governor
Medicaid Redesign Team: Medicaid Budget increases, not decreases Cuomo's Lobbyist Crony Heads Medicaid Redesign.
Cuomo's Lobbyist Crony renamed Consultant and all is well

1. Cuomo Stars as Captain Renault in Casablanca remake and link 2 Cuomo's repeat performances

2. Cuomo fails to follow Brown and cut his budget by 25%

3. More Cuomo fails to equal California's Brown

4. How States go bankrupt.

5. Cuomo and Medicaid headed nowhere

6. Look at Alternate currency: A Ron Paul, a $3 Cuomo, a California IOU

7. Cuomo's credit card taken away.

8. New Chapter 10 Federal Bankruptcy for States.

9. The new $3 Cuomo I.O.U.

10. Cuomo and NY Bondholders See The Writing On The Wall

11. New York Bankruptcy and Bond Devaluation

12. Cuomo Loads Up His Band Wagon With Committees For The Downhill Race With California

13. Ponzi to Madoff to Hevesi to DiNapoli; New York Learns About A Phony Safe 7.5% Pension Return

14 Economic Laws Lead Andrew Cuomo To A Hard Fall

15. Cuomo Meets "The Ghost Of NY Yet To Come"

16. Fiscal Disaster As Andrew Cuomo And His M.O. Are Slapped Down By Chinese Reality Checks

17. The New Word Order, "Nixon/Blogo/Cuomo" Predicates Andrew Cuomo's Fate

-Cuomo's prior corruption-

18. Cuomo Perfected His M.O. At HUD With $59 Billion Unaccounted For ; stealing the poor guys blind; Medicare $1.2 billion per year fraud; Multiple $50,000 bribes; Cuomo bungles criminal trial, rich executives walk;

19. The Second Cuomo's Smoking Gun: AEG Victory Celebration Needed Rev. Sharpton And Andrew Cuomo In The AEG Bag

20. Cuomo's Corruption Allowed $400 Million To Be Added to $1.2 Billion In NY Medicaid Fraud To Be Refunded By NY State To Federal Government

21. Andrew Cuomo Kisses And Makes Up With The Albany Swamp's Legislature Vermin, Reprobate Politicians, A Whore and Charles Rangel, Ashley Dupre, boss Vito Lopez, David Paterson, as obedient house boy, Andrew Farkas, who Cuomo accused of paying millions in kickbacks, and Allen Isaac (sex predator)

22. Sex Predator: Cuomo can clean his own nest

23. Cuomo changes pay to play to indirect payment and we're fooled

24. Cuomo bungles criminal prosecution

25. Cuomo covers up NY corruption

26. Cuomo covers up missing 9/11 Red Cross Money

27. $1.2 trillion loss resulted from the 50 % of $2.4 trillion in loans ordered by Cuomo at HUD, *Cuomo's smoking gun

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New York Cannot Fund Its Government's Debt

“Three groups spend other people's money: children, thieves, politicians. All three need supervision.”~ Armey

New York's budget cannot be sustained in the New Year.   Numerical data for NY State below is taken from "Comptroller 2010 Report on Financial Condition of NY State.*" prepared in March 2009.  In the State Fiscal Year 2009-2010 spending reached $126.9 billion*, or $6,493* per person according to NY Comptroller.  But 4.5* million NY residents receive Medicaid(which is free and whose recipients pay no taxes) or 23% of the total 19,541,453 NY residents, thus raising the taxpaying share of NY expenditures per tax-payer resident and their dependents to $6,493 divided by 0.76 = $8,543 per tax paying resident and all dependents on that tax paying resident ) 

      As of 3/31/2010, 16% or $9.8 billion* of NY's debt was issued as budget relief.  This number was corrected by DiNapoli in an Albany Follies Sideshow by adding another billion dollars to this budget relief in Dec. 2010, thus $10.8 billion is claimed as required, but not funded in 2010, for budget relief.  These chickens will come home to roost and greet Andrew Cuomo at the beginning of the New Year.  

       Moody's predicted federal treasury bonds will be downgraded if only $200 billion was added to federal debt, but Harry Reid added $1 trillion to the debt in pending Senate Bill today.   Guess, if Treasury securities are downgraded and rates raised, will States borrowing rates rise?   Usually, when federal interest rates rise, state rates rise at least proportionally or in the case of NY,CA,IL and MI even more.

       Now back to NY where, "NY was 2nd most indebted state behind California and had twice as much debt as the 3rd most indebted state.*"  
NY's State's funded debt is $60.5 billion*, or as of 3/212010 of $3,105* per NY person.

  item #1 Debt Service Expenditure in NY in 2010 was $5.6*billion in interest payments (due immediately, see link).

     Now what happens if debt service rises from 3.337%  by an additional 4% added due to federal policy and Chinese reaction   and Moody's devaluation of NY and federal debt as described above.

     Or that increases of  #1 above from $5.6* billion will be to more than a double $11.2 billion.
Now, where from will the governor and legislature take that additional $5.6 billion dollars?

Ignoring the spending budgeted for the sacred cows of education and medicaid from where do you take the $5.6 billion dollars from the remaining categories below:
From the $4.2* billion spent for public welfare
   or the $4.8* billion spent for public safety
   or the $5*billion spent for transportation
   or the $0.8* billion spent for Environment and Recreation
   or the $0.2* billion spent for business regulation
   or the $6.4* billion spent for General government

or $5.6* billion from their above total of $21.4*billion  or 26% from each of the above requiring dismissing (26%?) state work force in each of the above categories.

And if you think that 26% reduction is bad,  look at all the other additional cuts required when other factors are included

The handwriting is on the wall

New York must and will pay the piper

*all data from Comptroller 2010 Report on Financial Condition of NY State.