Whatever Happened To Responsible Spending?
It seems no one knows how to budget responsibly anymore. As a matter of fact, one could say the phrase responsible spending is more of an oxymoron these days than anything else. Of course you could also say those who are supposed to know how to spend responsibly are nothing...
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A City On The Edge of the Erie
For people living near and around Rochester, New York, much of what goes on in the city could be referred to as a soap opera. It seems every time you turn around, there’s another example of poor decision politics going on. Could it be those in leadership...
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Rochester, New York Announces Incentive Bonuses
While performance-based pay is commonplace in the private sector, the Mayor of Rochester, New York has decided to implement the practice at the government level. As a result of his new plan, the already cash-strapped City of Rochester, is handing out thousands of dollars in bonus pay. This plan,...
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Trimming An Already Bloated Budget
Governor David Paterson’s job approval rating may have dipped to 51% this week, but one thing is for sure – New Yorkers overwhelming support his message that the state should cut spending. The question is, just how to cut that spending. The Governor is projecting a $2 billion dollar shortfall...
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Economics 101 Class Is Now In Session
The National Debt Clock near Times Square, New York
Wednesday, October 8, 2008
In the midst of the financial tailspin we now find ourselves in, the National Debt Clock in New York City ran out of digits midweek to record the growing figure. As a temporary fix, the dollar sign...
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AIG Executives Spend $440,000 After Getting Bailout Money!
Yes, you read that headline correctly. Shortly after AIG received their big bailout from the government, they went on a spending spree. You remember the buyout right? That’s when the government decided to buy AIG with taxpayer money. In other words, the government now owns the insurance...
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I’ve blogged extensively about New York State’s ‘accidental’ Governor, David Paterson. It appears he likes to make rules for others, while ignoring them for himself. At times it appears he’s making decisions in a bubble, or at least behind closed doors in either the Governor’s mansion or the Governor’s office. First he quickly moves...
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Only in America!
Once again the government has stepped in to bail out the rich. Last week they bailed out Fannie Mae and Freddie Mac after investors refused to step up to the plate and help the companies. I addressed that in a post entitled The Government Owns Your House. Now, in the latest financial...
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In the continuing Rochester, New York Fast Ferry saga, we have yet another interesting turn of events. On the heels of rejecting two plans by companies looking to start a ferry service between Rochester, New York and Toronto, Ontario, Canada, Rochester Mayor Bob Duffy and the rest of his politically astute council buddies have...
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From the Your Tax Dollars Hard At Work Files comes yet another example of bad accounting when it comes to the government – especially the New York State government.
The New York Racing Association announced this week it’s closer to emerging from bankruptcy. NYRA holds the state’s franchise to run thoroughbred racing at Aqueduct, Belmont...
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