The surrealities of a "healthy" economy never end. The latest indication of the new banrkupt normal is New York State itself. A new report by NY state comptroller Thomas DiNapoli entitled "Highway Robbery: State's ailing road and bridges robbed; State siphoned money to pay for operations and debt service" tells you all you need to know about just how prosperous the ailing economy really is. According to DiNapoli, "only one-third of the money in the Highway and Bridge Trust Fund has actually been used to pay for highways and bridges.
The rest has been siphoned off to pay for debt service on back-door borrowing and to fund operational costs for the DMV and the state Department of Transportation." Is that lack of stolen pocket change Mr. DiNapoli can believe in? Apparently not - Mr. DiNapoli's words: "I think outrage and anger is certainly appropriate; we need to channel that into thoughtful public policy." Yet anger is so September 2008. Welcome to the Xanax highs of the new credit bubble.
LINK HERE
If anyone has seen the History Channel movie "The Crumbling of America" they will know that we are just teetering on the brink of large-scale interruptions with our road, bridge, dam, and other infrastructure. That this money is being siphoned away only puts as that much more at risk. This isnt the controllers setting us up for the fall, this is Rome extending itself well beyond its means until something finally breaks. And break it will, eventually.
ReplyDeleteYAHOOO.......... Go New York, I am glad, I left. MMMM, but then again no place is safe.
ReplyDeleteLook at Calif. They took the cheep way out.
They now have a bridge that is now closed. Thank God no one was killed.
Oil tanker for sale.
ReplyDeleteLow mileage, full tank of gas.
Leaks only slightly.
ALL THIS IS OLD NEWS. WE KNEW OF THESE PROBLEMS BACK IN APRIL '09 THE STATE SENATE WAS ARGUING OVER WHO WAS IN CHARGE OF THE SENATE INSTEAD OF LOOKING FOR SOLUTIONS TO THESE PROBLEMS. THESE GUYS IN ALBANY ARE ONLY WORRIED ABOUT THEIR JOBS. THEY DON'T CARE ABOUT THE PEOPLE THEY ARE SUPPOSE TO SERVE. RE-ELECTION IS THEIR ONLY THOUGHT. NO MATTER WHAT TO US, THOSE WILL CONTINUE TO GET FOR THE PART TIME JOB THEY HOLD. THEY WIL TAX THE PEOPLE TRY TO "BALANCE" THE BUDGET. ALL YOU HAVE TO DO IS HOLD THESE GUYS ACCOUNTABLE LIKE THE STATE WORKERS AND SEE THE SAVINGS ADD UP!
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