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alstry (35.87)

1.01.10 The Age Of Accountability......

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January 20, 2010 – Comments (5)

How about the Age of Zombulation????

Governor David Paterson said Tuesday that the days of profligate spending in Albany are over and that starting immediately lawmakers must participate in an "age of accountability."

That said, the governor's new budget has $1 billion in new taxes and nearly $800 million in cuts for New York City.

The words certainly sounded good.

"Our revenues have crumbled and our budget has crashed and we can no longer afford this spending addiction that we have had for so long," Paterson said.

THE GOV IS EITHER GOING TO HAVE TO RAISE TAXES A LOT MORE THAN A BILLION OR MAKE MUCH LARGER CUTS BEFORE HE EVEN COMES CLOSE TO A BALANCED BUDGET.

AMAZING HOW REVENUES ARE CRUMBLING IN A RECOVERY........

5 Comments – Post Your Own

#1) On January 20, 2010 at 2:30 PM, Dow3000 (< 20) wrote:

Alsty,

 As a follower of your posts, I would like to thank you for all of your research and effort.  However,I think a lot of people would appreciate it if you were to give more guidance and speak to how we can all help the country get back on track.  That said, I was wondering what you think of the GOOOH (Get Out of Our House) movement?  I attended a meeting the other day and it actually seems quite promising and extremely well organized.

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#2) On January 20, 2010 at 2:50 PM, alstry (35.87) wrote:

I am not familiar with Goooh....

As far as getting out of this mess...in the past I have said the only solution is to restructure the debt to a sustainable level.  Legally, there are a number of ways to do it......but bailing out the banks and leaving the debt burden on the economy while tightening credit, lowering savings rates, and raising borrowing rates will mathematically lead to our greatest depression in history.

In my opinion, we are already there........the symptoms are simily being masked by a temporary and unsustainable deficit.

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#3) On January 20, 2010 at 3:11 PM, Dow3000 (< 20) wrote:

It is still quite new but has recently taken off.  For anyone interested, it's http://goooh.com/home.aspx

 The goal is to vote out every member of the House (this is clearly ambitious, but even half would be a huge step in the right direction).  Below is the mission statement.

GOOOH stands for 'Get Out of Our House' and is pronounced like the word 'go'. It is a NON-PARTISAN plan to evict the 435 career politicians in the U.S. House of Representatives and replace them with everyday Americans just like you.

If you are tired of career politicians, GOOOH is for you. If you believe money has corrupted Washington, GOOOH is for you. If you believe politicians have too much power, GOOOH is for you. If you are weary of the death grip the two parties have on our government, and are ready to return control of our government to the people, then GOOOH is for you.

GOOOH is NOT just another political party. It is a system that will allow you and your neighbors to choose, among yourselves, the person who can best represent your district.

GOOOH is an evolving system and your input is requested. The questions are changing based on the feedback of members just like you. Participate in the forums, take the survey, and send us your thoughts. This is YOUR system. We will perfect it with your input.

GOOOH is a new system that will allow "we the people" to select true representatives, not choose between a Democrat and a Republican. If we continue to elect career politicians who represent their party, the special interests that fund them, and themselves, nothing will change. GOOOH is a non-partisan process that will allow us to effect the change we all know we need.

GOOOH will allow you to:

Help select your Representative - while being considered yourself Hold your Representative accountable Replace career politicians - with true representatives  Take the money out of the process Report this comment
#4) On January 20, 2010 at 3:27 PM, alstry (35.87) wrote:

ZOMBULATION IS A STATE PRESENTATION 

As Illinois' fiscal crisis deepens, the word "bankruptcy" is creeping more and more into the public discourse.

"We would like all the stakeholders of Illinois to recognize how close the state is to bankruptcy or insolvency," says Laurence Msall, president of the Civic Federation, a fiscal watchdog in Chicago.

"Bankruptcy is the reality that looms out there," Republican gubernatorial candidate Andrew McKenna Jr. says.

While it appears unlikely or even impossible for a state to hide out from creditors in Bankruptcy Court, Illinois appears to meet classic definitions of insolvency: Its liabilities far exceed its assets, and it's not generating enough cash to pay its bills. Private companies in similar circumstances often shut down or file for bankruptcy protection.

"I would describe bankruptcy as the inability to pay one's bills," says Jim Nowlan, senior fellow at the University of Illinois' Institute of Government and Public Affairs. "We're close to de facto bankruptcy, if not de jure bankruptcy."

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#5) On January 20, 2010 at 3:57 PM, alstry (35.87) wrote:

AMERICA SIMPLY RUNNING OUT OF MONEY......

GOSHEN — One of the commercial hubs of the community will close its doors Friday, its owner saying the business can no longer survive in a difficult economy.

The Village Market, the town's lone grocery store, was a solid business for the first few years Theresa Gale of Goshen owned it, but the past two years have been a different story.

"The economy is just terrible," Gale said Tuesday.

"I'm not making any money. Many of my customers aren't spending what they used to because they don't have the money."

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