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 ***************

Cuomo's Budget Becomes A Joke As At Least $3.6 Billion Dollars Is Deducted From Illusional Tax Revenues As New York Unemployment Climbs In Every New York Metro District

    Bureau of Labor Statistics show unemployment rising in every New York Metro district.    Cuomo's budget, the Senate's budget and the Assembly budget will all require extensive deficit borrowing, because they used fantasy employment numbers to estimate revenue from business activity and employees of such businesses.  These higher unemployment numbers will be increased even above these levels in 2011 by more layoffs at local government/school levels to accommodate increased local costs and, also, layoffs by NY State of State employees, yet to be announced.

     How much more will NY need to borrow to pay (deficit spending) for Unemployment Insurance Payments for these newly unemployed workers?  What businesses will be attracted with these added costs to fund New York's unemployment insurance costs?

      Large unplanned deficits were already expected by the NY Comptroller even before these latest unemployment numbers were released.   DiNapoli "warned that estimates about the amount of personal income tax that will flow into state coffers may not be reliable. He noted that the current fiscal year's budget was overly optimistic about job growth and ended up over $1 billion short in anticipated tax revenue".   Or over $1 billion dollars is carried over to Cuomo's new budget as an expense.

   Here's what Comproller DiNapoli says in his report on expected personal income tax revenues for Cuomo's budget:
"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.for these proposed budgets."

    The FACTS:
1. With higher unemployment, personal income tax receipts would not increase by $2.6 Billion as Cuomo promised, but rather decrease in Cuomo's new budget and $1 billion is carried over from prior year.
2. These unemployment revenue losses are accumulating now and will further increase the missing money, even before the budget year begins.
3. New York unemployment will further increase with school, local government and State employee layoffs resulting from budget cuts at all levels.
4.  Or Cuomo needs to borrow way in excess of another $3.6 billion dollars (2.6+1.0=3.6) just to replace delusional tax revenue increases in the budget.

  Default, bankruptcy are more likely.  But luckily for NY's Cuomo, California's Brown may be first to go down as Brown caves to Union demands.

   More Facts:
  Here are the latest metropolitan unemployment rates just released last week that show that in every NY metro area unemployment increased.  The data below is from the Press Release of Bureau of Labor Statistics

     Location                                                                %Dec2010    %Jan2011
New York as Whole Total................ 8.0      9.0  
  Albany-Schenectady-Troy.............. 7.1      8.2  
  Binghamton........................... 8.5      9.6  
  Buffalo-Niagara Falls................ 8.1      9.1  
  Elmira............................... 8.0      8.8  
  Glens Falls.......................... 8.5      9.9  
  Ithaca............................... 5.6      6.6  
  Kingston............................. 8.0      9.2  
  NY-Northern New Jersey-Long Island... 8.1      9.0  
     New York City..................... 8.6      9.4  
  Poughkeepsie-Newburgh-Middletown..... 7.6      8.6  
  Rochester............................ 7.8      8.7  
  Syracuse............................. 8.3      9.3  
  Utica-Rome........................... 8.1      9.3
The talk was cheap  

No comments:

Post a Comment