Andrew Cuomo's business friendly with no tax increases puffing is about to burst. His lackeys got puff pieces in the Wall Street Journal describing Cuomo as a “national spokesman for fiscal sanity” and in the National Review entitled “Cuomo the Conservative” Abraham Lincoln has some timeless advice for Andrew, "You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time."
As of January 21, 2011, New York State, one of 30 States, borrowed $3,343,758,375.70 from the federal government for paying Unemployment Insurance. Six States, Maryland, New Hampshire, South Dakota, Tennessee and Texas, have repaid their loans in full. And since Cuomo didn't budget for this in his budget, he must be planning to pass it through to NY businesses. From NY Dept. of Labor, "the number of private sector jobs increased 1% by 70,800," or the number of private sector jobs in New York is 7,008,000. Dividing $3,343,758,375.70 by 7,008,000 means an average $478 per worker is due from employers. Is this NY as business friendly?
Did Cuomo fool his conservative/tea party supporters by having only a property tax cap passed by his request in the NY Senate? Not really, when "UNYTEA’s Board of Directors has voted unanimously to endorse Governor Cuomo’s proposal for a 2% cap on property taxes, but only if it is accompanied by mandate relief."
Ian Welsh describes Cuomo and his cronies as "the people who hollowed out the US economy and caused the financial crash don’t pay the price of their evil, but in fact stay in charge of society despite causing a Depression and being bankrupt." Welsh asks, "Andrew Cuomo: stupid or evil?" It doesn't matter, because he won't continue to fool people for much longer. It's Cuomo's M.O.
Will new business delight that Cuomo's budget is smoke and mirrors and has ignored over $10 Billion in deficit in addition to the $10 billion that Cuomo claims and that the pension books are cooked. Or that, Cuomo proposes to "eliminate a $10 billion dollar deficit without raising taxes or borrowing" and then he is borrowing $5.6 Billion dollars.
Bob Brinker, this weekend, after hearing of all the great retirements for government employees, now recommends that people move out of the high tax States with cooked Pension books. Who's going to be left to pay for Cuomo's plans? Medicaid recipients, government workers? So the advice for residents of budget challenged States is dump their bonds and move out.
Did Andrew believe he'd escape the message of the Handwriting on the Wall?