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alstry (36.32)

Pancake Eaters Recommend Municipal Bonds???

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December 13, 2009 – Comments (3)

Gov. David A. Paterson announced on Sunday that he would unilaterally withhold $750 million in scheduled payments to schools and local governments, saying that strong action was necessary to prevent New York State from becoming insolvent.

The reductions of 10 to 19 percent in aid will affect schools and social service providers, health insurance payments, cities and counties. Mr. Paterson said the withheld funds were not “a cut” or an “impoundment” — perhaps drawing a legal distinction because only the Legislature is empowered to make permanent budget cuts.

He acknowledged that the move was likely to be contested in court.

The governor did not indicate when he would restore the funds, except to say, “as sufficient revenues become available.”

http://www.nytimes.com/2009/12/14/nyregion/14budget.html?hp

Who coulda foreseen that cities, counties and states would run out of money?????  Who coulda warned CAPS players over a year ago???

Remember, Alstrynomics is about investors helping investors......

Welcome to the devastation of Zombulation as it affects our nation.........

3 Comments – Post Your Own

#1) On December 13, 2009 at 9:24 PM, jddubya (< 20) wrote:

"Remember, Alstrynomics is about investors helping investors......"

LOL!!!!!!  Well, you must not be an investor.  The damage you may have caused by claiming the top at 8300 helped no one.

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#2) On December 13, 2009 at 9:34 PM, alstry (36.32) wrote:

But the top called at 14,000 helped even more as the game is about to enter a new phase...

1.01.10....it happens

Russian Presence Grows in Abkhazia

 

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#3) On December 16, 2009 at 3:35 PM, bridgeboy0 (30.70) wrote:

Ok, so you claim that you got Dow 14,000 correct (I'm not bothering looking it up, so I'll accept your claim). 

Since then we've had: S&P 555- wrong. the MOAP- nothing (actually the opposite of nothing, if anyone listened to you they missed out on huge gains in the market).  9/09-- nothing. 11/11/09-- what did we miss?  Now it is 1.01.10 that we're supposed to wait for.

Seems like you're batting 1 for 5, that's the Mendoza line and not going to get you into the hall of fame.  If 1.01.10 goes against you (which seems pretty likely with your history as a guide) then you wouldn't even get a cup of coffee in the bigs.

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