Cuomo Needs Borrow An Unbudgeted Additional $807 Per Taxpaying Person And Each Of Their Dependents

 The People's piggy bank is empty, Andrew.

The Grim Debt Economic Reaper will cut down Cuomo's Budget Fantasy.

The daunting tower of national, state and local debt in the United States will reach a level this year unmatched just after World War II and already exceeds the size of the entire economy, according to government estimates.    And research shows all Cuomo's estimates of growth in the New York Economy are shown as fantasy by "Rogoff and Carmen M. Reinhart, a University of Maryland economics professor, have done research showing that once government debt surpasses 90 percent of GDP, average growth rates slide 4 percent."


    The debt as reported on this blog in  No Whining, No Federal Bailout; You Made Your Bed Of Debt, Lie In It, New York
 
NY+USA Debt per person:
1. Total USA public debt outstanding Dec. 20 $13,868,461,000,000
2. nation's population on April 1 was 308,745,538 
3. USA debt per person $44,805   The federal Government can't bailout New York; it's sinking itself. 
4. New York debt per person: State-funded debt was $3,105 per person and in 2009, NY was the second most indebted State behind California.
5. This New York debt doesn't include the Pension liabilities from the present phony estimated safe return on pension investments of  7.5%, when the New York fund earned 1.1% over five years and New York State’s $132.6 billion pension fund is the nation’s third-largest.
   If we correct the pension liabilities optimistically with a 3.1% return, we get another $9,664 additional debt per person.   Making $12,769 debt per person as a better debt estimate in New York.   But now look at the 4.52 million people on Medicaid in NY (who don't pay taxes) out of a NY population of 19,541,453  which raises the New York debt per taxpaying person and each of their dependents to $16,600.


And Cuomo's budget has a real deficit of $22.1 Billion and not Cuomo's assumed $10 billion dollars with impossibly optimistic expected tax receipts and ignored other multi-billion dollar expenditures.

       Doing the arithmetic for Andrew Cuomo, we discover Cuomo needs to borrow just for the coming year an additional $12.1 billion to his already budgeted borrowing or $807 dollars  per taxpaying person and each of their dependents.

Who'll lend us this money which we can't pay back, Andrew? 

Will Andrew Cuomo Clean Out The Albany Swamp And Remove Chief Judge Lippman?

"Tear down this wall" ~ Ronald Reagan

"Tear this evil from NY" ~ CuomoTARP

   The Committee on Public Integrity is asking the FBI and Andrew Cuomo to ACT Now on the Creimes of Chief Judge Lippman.   This was reported on this blog in a post months ago. 
     The necessary steps were presented in a prior post on this blog  Misuse Of Public Funds By New York Chief Judge Demands Andrew Cuomo Act

     Andrew Cuomo is aware and has received criminal complaints against Judge Lippman.and has a duty to direct Attorney General Schneiderman to prosecute.  Andrew Cuomo can immediately ask the New York legislature to remove Judge Lippman from office.


     Here, Andrew, is the applicable law to remove Judge Lippman:

Criminal prosecution using Penal Laws of New York:  >§ 155.05 Larceny; defined. 1. A person steals property and commits larceny when, with intent to deprive another of property or to appropriate the same to himself or to a third person, he wrongfully takes, obtains or withholds such property from an owner thereof

§ 155.42 Grand larceny in the first degree. A person is guilty of grand larceny in the first degree when he steals property and when the value of the property exceeds one million dollars. Grand larceny in the first degree is a class B felony.

Using the NY Constitution~Article VI § 23. Removal of certain judges and justices, by legislature;

§ 23. a. Judges of the court of appeals and justices of the supreme court may be removed by concurrent resolution of both houses of the legislature, if two-thirds of all the members elected to each house concur therein.

     Here, Andrew, is your duty under New York Executive Law to prosecute Judge Lippman:
Law § 63. General duties of Attorney General. 2. Whenever required by the governor, attend ...any term of the supreme court or appear before the grand jury thereof for the purpose of managing and conducting in such court or before such jury criminal actions or proceedings ...in which case the attorney-general or his deputy so attending shall exercise all the powers and perform all the duties in respect of such actions or proceedings, which the district attorney would otherwise be authorized or required to exercise or perform; 

   Andrew Cuomo and/or Attorney General Scheiderman can remove Judge Lippman from office with

§ 63-a. Action by attorney-general for forfeiture of public office.
The attorney-general may maintain an action, upon his own information or upon the complaint of a private person, against a public officer, civil or military,who has done or suffered an act which by law works a forfeiture of his office.

But how will Cuomo act? 

 1. As an indecisive Hamlet:

"To be, or not to be, that is the question:

Whether 'tis nobler in the mind to suffer

The Slings and Arrows of outrageous fortune;

Or to take Armes against a Sea of troubles."

2.  Or a coward:
“You are a coward when you even seem to have backed down from a thing you openly set out to do” ~ Mark Twain

3. Or the man with a duty:
"Battle is the most magnificent competition in which a human being can indulge. It brings out all that is best; it removes all that is base. All men are afraid in battle. The coward is the one who lets his fear overcome his sense of duty. Duty is the essence of manhood"  ~George S. Patton

4. Or as Ian Welsh asks, "Andrew Cuomo: stupid or evil?"

"Do or not do There is no try" ~ Yoda