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

************ BLOG POSTS BEGIN ***************

Andrew Cuomo's Hope For Increased Tax Revenues Was False And He'll Run Out Of Cash

     Student's letter to Mommy and Daddy: I was very careful with my budgeted money for the year and only bought things which my friends approved and now I'm broke.  Please send more.

       Cuomo's Executive Budget's great hope is that fantasy tax revenue predictions will come true.  We look at Cuomo's budget as analyzed by Comptroller Dinapoli  below. 

The Fantasy numbers are in blue and [Reality is in red]
Report on the State Fiscal Year 2011-12 Executive Budget by Comptroller DiNapoli is the text that follows:
    The Executive Budget estimates that total All Funds receipts will decline in SFY 2011-12 by $1.7 billion, or 1.3 percent, over SFY 2010-11 to $132.9 billion.  The decline can be attributed to the loss of federal stimulus funds receipts, which are expected to fall $5.8 billion, or 11.6 percent.  This loss will be partially offset by growth in All Funds tax receipts, which are estimated to increase $4 billion, or 6.6 percent, to $64.8 billion.  This increase is attributable to the economic recovery, the revenue actions passed last year and those proposed with the SFY 2011-12 Budget.  Finally, All Funds miscellaneous receipts basically remain unchanged, growing by $80 million, or 0.3 percent.

Personal Income Tax
For SFY 2011-12, All Funds PIT  receipts are forecast to increase by $2.6 billion, or 7.4 percent, over the prior year.  The increase is attributable to the improving economy, higher refunds in SFY 2010-11, and the voluntary compliance initiative in the Executive Budget.  Base tax receipts, which net out the $500 million in additional refunds in SFY 2010-11 and the elimination of the high income  tax provisions in the fourth quarter of SFY 2011-12, are projected to grow by 11.4 percent.  [More unemployed people mean less personal income taxes paid.  Cuomo needs to borrow way in excess of another $3.6 billion dollars  just to replace delusional tax revenue increases in the budget.]

User Taxes and Fees
For SFY 2011-12, All Funds consumption tax receipts are forecast to increase by $627 million, or 4.4 percent, over the prior year.  The increase is mainly due to growth in the sales tax as well as cigarette and tobacco taxes.  The sales tax is expected to increase by $437 million, or 3.8 percent, as the economy continues to improve, offset by the partial return of the clothing exemption.  Cigarette taxes are forecast to increase by $165 million, or 10.2 percent, as the Executive expects to collect cigarette taxes sold on Indian reservations to non-Native Americans ($130 million). [Unemployed and under-employed have less money to spend and sales tax revenues may not rise.   Black-Market Cigarettes - with higher cigarette taxes mean smuggling expected to increase and tax revenues actually go down.  And Indians may win in their law suit for sovereign status.]

Business Taxes
For SFY 2011-12, All Funds business tax receipts are forecast to increase by $705 million, or 9.2 percent.  The increase is attributable to the improving economy and an expected increase in corporate profits of 6.2 percent.  All of the business taxes are forecast to increase in SFY 2011-12.  [Larger unemployment reduces workers and earnings from businesses - see  Personal Income Taxes above.]

Other Taxes
All Funds other tax receipts  in SFY 2010-11, including the payroll tax, are forecast to increase $432 million, or 16.6 percent, over the prior year.  This increase is attributable to growth in receipts from the estate tax ($216 million, or 25 percent), the payroll tax ($144.3 million, or 11.8 percent) and the real estate transfer tax ($73 million, or 14.8 percent).  [Employment declines noted above will reduce payroll tax. Property sales prices are falling and this reduces real estate transfer tax.   Estate tax revenues will decrease because investment portfolios values are decreasing and the values of real estate transferred by estates will also decline.] 

   When will Andrew Cuomo wake up and see his predicted budget revenues are daydreams?

       P.S. Alert on a developing problem: Medicaid disaster looms as Obamacare will increase number of New York Medicaid recipients by 1,750,000 according to Comptroller DiNapoli in his above report.

Four States, Maine, New Jersey, Tennessee and Ohio have obtained Medicaid waivers.
Representative Anthony Weiner who wants to run for Mayor saw the light and maybe asking for a Obamacare waiver.
When will Andrew Cuomo wake up and see that same light on Obamacare?

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