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Tax-Whoring, Politics and Climate Change Converge: New Taxes are Needed as Always.

 

Tax-Whoring, Politics and Climate Change Converge: New Taxes are Needed as Always.

There is no end to the tax whoring by the left in this country. Every conceivable argument to grunt and grab money from taxpayer and consumers has been proffered except for this one. A new race-based tax plea is up for consideration:

Climate change is no longer just an environmental issue. It’s now an issue of race, according to global warming activists and policy makers.[1]-- House Majority Whip James Clyburn, D-S.C 7/29/2008, today’s date.

There is no end to the ideological racism of the left. Like a cancer, it spreads throughout the world as frustrated minorities seek to get money using any phony excuse.

Of course, there is no evidence of man-induced global Climate Change or Global Warming as it was previously called since the embarrassing drop in world wide temperatures lately that make the Climate Whores look like fools. It seems their computer models got it wrong again.

The number of quacks, sooth-Sayers, goons and panderers who grub for money has at least doubled in the ranks of the morally bankrupt Party of Democrats since they got power and it seems there is no end.

Global Warming is crude pseudo-scientific quackery:

Here is a summary of my comments about the phony Global Warming by a former senior research scientist [me][2]:

The EcoNazis and Reality: Klaus Offers to Debate Al Gore.

http://rycksrationalizations.blogtownhall.com/2008/05/29/the_econazis_and_reality_klaus_offers_to_debate_al_gore.thtml

Al Gore Acts Like a Ghoul as He Explains Away Tragedy for Profit

http://rycksrationalizations.blogtownhall.com/2008/05/07/al_gore_acts_like_a_ghoul_as_he_explains_away_tragedy_for_profit.thtml

The Blow: All Atmospherics, No Climate. The Facts: None

http://rycksrationalizations.blogtownhall.com/2008/04/19/the_blow_all_atmospherics,_no_climate_the_facts_none.thtml

There Is No End To The Tax-Whoring By Climate Control Lunatics.

Posted by rycK on Friday, April 04, 200810:43:11 AM

http://rycksrationalizations.blogtownhall.com/2008/04/04/there_is_no_end_to_the_tax-whoring_by_climate_control_lunatics.thtml

Trolling for Stooges: The New York Times Endorses Carbon Baloney Auctions

Posted by rycK on Saturday, March 15, 200811:57:57 AM

http://rycksrationalizations.blogtownhall.com/2008/03/15/trolling_for_stooges_the_new_york_times_endorses_carbon_baloney_auctions.thtml

Can the Global Warming Zombies Admit they look like Fools Yet??

Posted by rycK on Thursday, February 28, 20084:49:57 PM

http://rycksrationalizations.blogtownhall.com/2008/02/28/can_the_global_warming_zombies_admit_they_look_like_fools_yet.thtml

An Open Letter about the Final Solution to Global Warming and How to Save California from Burning. Sunday, February 10, 200811:46 AM

http://rycksrationalizations.townhall.com/g/c779aad4-14b7-4ba9-a414-43e5c8cde7c8

The Biggest Phony Tax Gouge in the history of the Universe: The Clintons and the UN Needs Your Money. Thursday, January 31, 200812:21 PM

http://rycksrationalizations.townhall.com/g/a63bc831-efec-4cb7-ba1b-32198a650dab

21,000 Scientists Refute the Phony Global Warming Follies as The Biggest Attempt to Tax The World Has Even Seen.

Monday, January 28, 200810:46 AM

http://rycksrationalizations.townhall.com/g/c9173a36-97a1-4108-9e7d-cdaa38b28cbf

Fat Albert Waddles Off To Bark His Global Warming Follies As The Russians Buy Furs.

Thursday, January 03, 20083:01 PM

http://rycksrationalizations.townhall.com/g/30ecc2d0-4fbd-4f44-af13-b823625e0d9a

Quack Science, Global Warming and the Wild Flight from Reason: Is Al Gore our New Lysenko?

Friday, December 21, 200712:04 PM

http://rycksrationalizations.townhall.com/g/7063dcde-b734-46bb-afa7-e2dbc26930fa

The Third World Gets a Chance for a Massive Global Tax from the US.

Saturday, December 15, 200712:37 PM

http://rycksrationalizations.townhall.com/g/fc95a801-ec40-4bc1-b215-7459f65d25a4

Reason and Faith Assault the Phony EcoNazis and Their Lackeys.

Wednesday, December 12, 20071:52 PM

http://www.townhall.com/MyBlog/CreatePost.aspx?ContentGuid=fc4e09df-99c8-4916-a215-4ef6c25d4ffd

Comments On Global Warming and Failed Computer Models

Thursday, November 29, 20074:14 PM

http://rycksrationalizations.townhall.com/g/1f32bb5e-009d-46d8-9312-d0be84c8462e

More Clinton/Gore Tax Maggotry and the Proposed USCAP Dictatorship

Monday, November 19, 200712:38 PM

http://rycksrationalizations.townhall.com/g/b0f40ab9-6844-4afc-8fc9-7b858cdd4e7b

Global Warming: Science And Politics Work In Different Ways.

Friday, April 27, 20077:28 AM

http://rycksrationalizations.townhall.com/g/84e54e3f-85c0-4745-a35b-9ea2b1416f40

Phony (Political) Science from the Left

Tuesday, October 24, 200612:46 PM

http://rycksrationalizations.townhall.com/g/3fce1349-7fc0-4a14-a8e8-8bc48e55925d

There is not a single piece of evidence that CO2, the main toxin and culprit in this fairy tale, correlates with changes in temperature. Indeed, the hottest years appear to have been from 1890 to 1040 way before the CO2 levels were seen to rise.

Professor David Russell Legates is the Delaware State Climatologist, and an associate professor at the University of Delaware.[3] He has debunked these phony politicians masquerading as ‘scientists’ who need research money to exist. Integrety is lost in the scientific community and quack science abounds. The thread on Salon.com entitled The Politics of Quack Science II has detailed discussions on the subject.[4] The incoherent apoligies of the left are recorded here.

There is NO BASIS for this folly except the opportunity to tax the public and gain control of the government and the tax base. 

The global warming follies have been condemned by 21,000 scientists[5] [with my signature too] and we must all understand that this is just ugly, gutter-grade grunt and grab politics and has nothing to do with science.

rycK

Comments: ryckki@gmail.com



[1] House Majority Whip: Climate Change Hurts Blacks More

Clyburn says African-Americans 'disproportionately impacted'; study recommends 'fee, tax or allowance auction on polluters.' By Jeff Poor Business & Media Institute

7/29/20082:14:30 PM.

http://www.businessandmedia.org/articles/2008/20080729130950.aspx

[3] http://en.wikipedia.org/wiki/David_Legates

[4]The Politics of Quack Science II “Modern politicians have learned to utilize the 'expert' to amplify and lend some credence to their political goals. Science, once considered a true, accurate and just occupation, has been polluted with quacks, soothsayers, frauds, quislings, bunko artists and slavering fools like any other social endeavor. This thread [continued from years ago on TT] is to discuss the use of questionable or phony scientific publicans, findings and notions that support political points of view.”

http://tabletalk.salon.com/webx?13@184.2HvubjPEfDp.7@.596c4ece/2384

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The Babbling Brooks of the NYT Babbles about Education.

 

 

The Babbling Brooks of the NYT Babbles about Education.

As we read the NYT—aka the Walter Duranty Papers[1]-- we look for new and progressive ideas from various leftist perches. Problems must   only be solved by government as we know. The liberals have no history unless they tailor certain strains and provide some necessary redaction to the facts. Today we are treated to a reinvention [Al Gore syncretism] of the history of education, work and American success. As always, we will be on high alert for new taxes, a general condemnation of capitalism and constant reminders of imperialism.   In the proper propagandistic manner, we begin with a rhetorical question that is promptly answered using the appropriate tenets of liberalism and what they frantically barrowed from Karl Marx and J. J. Rousseau. Once the stage is set, the feathers, kazoos and drums assist the intermezzo. The conclusion will always end with a clarion call for new taxes.

The Babbling Brooks begins with a history lesson on education:

Why did the United States become the leading economic power of the 20th century? The best short answer is that a ferocious belief that people have the power to transform their own lives gave Americans an unparalleled commitment to education, hard work and economic freedom.”[2]-- The Biggest Issue by David Brooks [Emphasis is mine in all quotes.]This link references all quotes in this essay unless otherwise stated.

Missing here is the salient information that we fought disgusting savages, the weather, bugs, the British and had a juicy war with the Indians, then the French and Indian alliance, then British and Indians, the British with help from the French and more. The notion that Americans were originally or singularly gifted with these anti-socialist attributes [commitment to education, hard work and economic freedom] is false. They had to shoot a whole bunch of savages and British in bright red uniforms and then hang a few Tories to get some relief from the feudal system.  Our ethics and success was derived spontaneously by casting off the shackles of Europe.  The Europeans are now even stupider than before and waxing dumber all the time.[3]  The facts are that given the freedom to make individual choices, capitalism will always be reinvented in new settings in a creative and positive way. The past leads to sloth, disease and mediocrity. The leftist know that and wail and moan and offer reasons why they should be able to squelch enterprise.

The History Lesson:

Between 1870 and 1950, the average American’s level of education rose by 0.8 years per decade

As Claudia Goldin[4] and Lawrence Katz describe in their book, “The Race Between Education and Technology,” America’s educational progress was amazingly steady over those decades, and the U.S. opened up a gigantic global lead. Educational levels were rising across the industrialized world, but the U.S. had at least a 35-year advantage on most of Europe. In 1950, no European country enrolled 30 percent of its older teens in full-time secondary school. In the U.S., 70 percent of older teens were in school.”

This is irrelevant. This correlates with nothing. What does correlate is the destruction of society by Marxism. Nobody surpassed the propaganda training of the USSR for 74 years before it collapsed.

I suppose we can trust the minutiae here as they only set the stage for some far left and probably Feminazi-inspired [spelled FemiNazifor emphasis and not to be confused with the EcoNazis[5]a similar form of mental illness, churlish behavior and envy] screed from Claudia, her forte at Harvard where all new ideas flow like honey from the tall trees. We should now look for the new and progressive explanation of how our taxes must be hiked and government should more closely control education. It follows.

But the happy era ended around 1970 when America’s educational progress slowed to a crawl. Between 1975 and 1990, educational attainments stagnated completely….”

It was not unhappy for the industrious and entrepreneurial. It is unproblematic to thrash the sorry leftists in the social arena, college, work, investments, business and most societal attributes. They are losers and demand that others lose with them to attain ‘equality.’ This bold analysis cited above omits a wide-ranging analysis of SAT scores, affirmative action blunders and tokenism, idiotic admissions policies at former educational places like Cornell who had their academic credentials stuffed in the latrines in the 80s and other major problems. The difficulty occurs when you try to educate people in a university setting when they lack the cognitive skills to understand or compete. Here basket weaving, rock and roll, gay rights, group sex, black studies and other cookie courses are needed to boost the GPAs of the mentally disnimble.  Grades of “A” are rubber-stamp guarantees for just signing up for such courses. That keeps the mentally disnimble from flunking out, although it didn’t save Al Gore from failing seminary. [6]The liberals are skilled at crafting such follies and ‘proving’ that everybody must be ‘equal’ when they are not.[7]  The liberals proved convincingly that you really could make a sow’s ear out of a silk purse.

Here is the long-awaited punch line and intellectual ‘discovery’ by the far left:

Goldin and Katz describe a race between technology and education. The pace of technological change has been surprisingly steady. In periods when educational progress outpaces this change, inequality narrows. The market is flooded with skilled workers, so their wages rise modestly. In periods, like the current one, when educational progress lags behind technological change, inequality widens. The relatively few skilled workers command higher prices, while the many unskilled ones have little bargaining power.”

This gonjo-inspired nostrum is so hopeless that it is difficult to find a place to begin the deconstruction of this leftist fluff. I could, seriously, scrape a superior economic analysis off my shoes.

[1] These are no correlation between the technology and mass education. If that had been a requirement then, by definition, we could never have progressed from the hunter-gatherer state that many far leftist society embrace, such as Cambodia and North Korea.

[2] The industrial leaders paid for the discovery of new technologies such as smokeless powder, the steam engine, air flight, plastics, transistors, computers and electronic gadgets.

Now, another Expert is piled upon the stage:

The meticulous research of Goldin and Katz is complemented by a report from James Heckman of the University of Chicago.”

 

In “Schools, Skills and Synapses,” Heckman probes the sources of that decline. It’s not falling school quality, he argues. Nor is it primarily a shortage of funding or rising college tuition costs. Instead, Heckman directs attention at family environments, which have deteriorated over the past 40 years.”

Here a social ‘scientist’ gropes for an excuse.

Some children are bathed in an atmosphere that promotes human capital development and, increasingly, more are not. By 5, it is possible to predict, with depressing accuracy, who will complete high school and college and who won’t.”

 

“I.Q. matters, but Heckman points to equally important traits that start and then build from those early years: motivation levels, emotional stability, self-control and sociability.”

Bong!! The essay against IQ begins. Of course it is possible to predict who will be successful in education, life, marriage, wealth and more from simple IQ tests. This screed is just anther attempt to scrounge around for an excuse to promote the non-existent ‘equality’ that liberalism is grounded upon. There is no equality given the facts given in the Bell Curve[8].  People are not equal, but this fact undermines the leftist attempts to homogenize society. They would rather have brain surgeons and nuclear physics chosen by their socials skills or politics than by cognitive skills. Ignored are the leftist objections against the ‘nuclear family.’  Where is the abortion effect here?

This clumsy piece of propaganda is a hopeless attempt to rectify the notion that “…relatively few skilled workers command higher prices, while the many unskilled ones have little bargaining power.” This is so unfair, thus it becomes the cause celebreof the left. Why not lay around the student union lounge, smoke dope and then be prepared for a top-level salary on Wall Street.

There is no solution to the problem of incongruent mental skills among people so the disparity among people becomes the fulcrum of political action. There is no solution so there is no end to the whining and attempts of create ‘equality’ by political means. That is leftist mentality. This is an unassailable circular essay.

 So, we must look for the conclusion:

From the ‘research’ activities above The Babbler comes up with three salient points, as simple as a, b, c:

[a] “ [The] … skills slowdown is the biggest issue facing the country.

[b] “Boosting educational attainment at the bottom is more promising than trying to reorganize the global economy.”

[c] If you look at Barack Obama’s education proposals [“The G.O.P. is largely irrelevant.” Ed] — especially his emphasis on early childhood — you see that they flow naturally and persuasively from this research”

Political stoogery in print. We need more education!! What else?? Let us rely on the teacher’s unions to guild us back to prosperity by ignoring innate intelligence while supporting social skills and political appeasements.

Obama also wants to see fewer tests. [9] I wonder why? Do SAT tests sort out the students by IQ??

This mindless fluff whereby the intrinsic inequalities of society are somehow swept under the stoop by ‘progressive’ thinking is so naive and hackneyed that it is astonishing that Brooks would rescrub this latrine. This brings new meaning to the word tautological.

This set of sorry nostrums is the reason that socialist societies are in the economic doldrums. They cannot become efficient because they select the most awful possible drooling idiots to make the laws, provide governance and populate their universities. The most effective form of ‘education’ for the left is exemplified by the Madrasses[10] of the radical Islamic-Fascisti. Harvard gets a C- compared to those schools, which are very effective.

This current NYT article a highly sophomoric screed that attempts to open the back door to Communism again.   All that is missing is “…each according to his needs” or some comical notion of shedding chains. It attempts to revive the glory of the Khmer Rouge as they did manage to attain some form of ‘equality’ as we must assume from the eternal praise of these monsters from the left. We must recall that Mao appointed some intellectual discard lacking a college education to be in charge of PekingUniversity. This is called education. Somebody got a dog passed through Harvard. Many wonder if a dog might be the HarvardUniversity president and improve education there.

IQ tests clearly show us who should be [and who should not be] making decisions in government and industry. We need menial tasks and menial pay for those who slog the ruts of intellectual mediocrity. Those are customarily liberals and their victims.

As a retired Senior Scientist with 6 patents, $50 million in product sales, 25 research papers [5 from YaleMedSchool] and a d0zen developed commercial chemical products, I find this very amusing.[11] I wonder how some person with an IQ of 85-110 could have attained what I have in my life. I actually turned down proffered Ph. D studies at Yale, SUNY and U Delaware. Any of those would have mandated a 5-year long waste of my talents and the burden of producing slave labor for some professor who successfully whored money from the government for his ‘research.’ I rejected these find ‘opportunities’  mostly because of my disgust and lack of respect for many of  the drooling leftist stooges that I had to associate with at UCLA, SUNY, Yale, University of Delaware and other places from the early 60s to the present. All you had to do to be a success at the average university was to take drugs, bawl about the war in Viet Nam and celebrate sodomy to be hired and praised. William Ayers is an example of that. So is Angela Davis.  Murderers and racists[12] are welcome in leftist institutions. Anybody can get a PhD in anything at Harvard now, particularly if you are a minority, a drug addict, a pervert or, best, an anti-capitalist. Those who met these sordid requisites now sit at Harvard and attempt to redact history while rejecting the natural and obvious cognitive skill distributions.  Let us celebrate stupidity and put the stupid in charge.

There is an eternal exploration for new ways to repackage communism (or worse) by the left and inequality is their essential precept. They do not strive for equality because they actually teach the opposite.  They teach and insist on underperformance from the masses to preserve their fragile perch in education. They are failures and private schooling and such can easily beat the left and t heir phony educational theories.

 So, Hike Taxes and Educate! Sure.

This is one of the sorriest pieces of propaganda and leftist sloganeering that I have read in the Times in a long time.

Defund Harvard—it is a zoo.  Put a dog in charge.

rycK

Comments: ryckki@gmail.com



[1] In honor of that celebrated Communist stooge and liar and winner of the Pulitzer Prize for the NYT. The color RED is used in my essays in honor of Walter Duranty, a saint, if there could be one, in the Marxist Archives of Honor.

[2] The Biggest Issue By DAVID BROOKS Op-Ed Columnist Published: July 29, 2008

http://www.nytimes.com/2008/07/29/opinion/29brooks.html?hp

[7] Every citizen has certain strengths and weaknesses as defined by accepted norms of conduct, inherited skills, home training and are analyzed in detail by well-defined by standardized test scores patterned from the scientifically verified Bell Curve. This process has been verified and has been used with success since 1906. There is an obvious distribution of cognitive skills among all individuals in all societies that serves to convincingly refute the notion of ‘equality’ as the leftists define the term. It turns out that certain leftist views of social conduct, particularly the choices to appease the Marxists and socialists and cause the labors of citizens to be misdirected, are socially and intellectually bankrupt and this fact need to be emphasized in government and education. The political term ‘equality’ is used to enlist the votes and support of the lower classes and criminal elements thus confounding the simple notion that we are all equal. We are not equal. The tautological and perpetual quest for ‘equality’ actually generates and validates the gross equalities they hypocritically harp about. These inequalities produce self-designed opportunistic cracks in the social fabric and thus create false strata in our society that are conveniently utilized by the overt racists and far leftist radicals who desire power.

The Road to Social Success, Peace and Justice: California has NO Vision!

http://rycksrationalizations.blogtownhall.com/2008/06/26/the_road_to_social_success,_peace_and_justice_california_has_no_vision!.thtml

[8] The Bell Curve: Intelligence and Class Structure in American Life (ISBN: 0029146739)

by Herrnstein, Richard J. and Murray, Charles Free Press of Glencoe , Inc, Old Tappan, New Jersey, U.S.A., 1994.

[9] Obama's Education Plan to Reform Schools & Reward Teachers. “Tests should not be designed as punishment for teachers and students, they should be used as tools to help our children grow and compete.

Tests should support learning, not just accounting. Because if we really want our children to become the great inventors and problem-solvers of tomorrow, our schools shouldn't stifle innovation, they should let it thrive.”

http://usliberals.about.com/od/education/a/ObamaEdPlan_5.htm

[10]A Global Perspective on Terrorism and Organized Crimehttp://www.state.gov/m/ds/rls/rm/31861.htm

[11] rycK's Bio: Achieving Prosperity In Spite of the Left

Posted by rycK on Tuesday, June 12, 20079:06:28 AM http://rycksrationalizations.blogtownhall.com/2007/06/12/rycks_bio_achieving_prosperity_in_spite_of_the_left.thtml

[12] ““exterminate white people off the face of the planet” by Kamau Kambohttp://www.newsobserver.com/news/story/2822385p-9271047c.html.

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New YorkState is Going Bankrupt. California and New Jersey will Follow Soon.

 

New YorkState is Going Bankrupt. California and New Jersey will Follow Soon.

The left-liberal governor of New York State, following the carnival-atmosphere humiliation and resignation of Spitzer [Spitball #9 [1]] will make an announcement that New York’s Revenues are falling and cuts must follow. Spitzer had shouted warnings to banks before he was caught with his honey bun. [2] Now, his second, per perhaps a simple  familiar, [Patterson] follows in his sticky financial rut and bawls for money. [3]

Make the Cuts.

What he really wants is a federal bailout. NYC attempted this in the 70s by assuming they could barrow and barrow and barrow and the federal government would bail them out. The Fed did not. NY defaulted on some of its bonds.

Spitzer’s Ultimatum:

With major bond insurers hobbled by an ill-advised foray into subprime mortgage territory, Mr. Buffett made a tough offer aimed at the biggest and healthiest chunk of their ailing business. The insurers either turned Mr. Buffett down or haven’t responded, which puts the onus on them to devise their own rescue plan. Mr. Spitzer on Thursday gave the insurers five more days to do just that. If they fail, they face a potential breakup by New YorkState’s insurance regulator.”[4] [5]

The reason they are so frantic?

In the past week, hundreds of routine Wall Street auctions failed to attract enough buyers for debt securities issued by states, hospitals, cultural institutions, student loan authorities and port authorities, among them the Port Authority of New York and New Jersey.”[6] [7]

This is because the City and State of New York are run by simple parasites that will grunt and grab any money anywhere to pay for their phony social programs, fat salaries and generous benefits of the politicians and the coddling of criminals and illegal aliens. This is the principal identifying attribute of a wanton tax whore. CA and NJ are just like this. Warren Buffet will try to underwrite this folly and make millions by soaking the banks.

Patterson’s Ultimatum:

"The governor has said he's tired of the state going from deficit to deficit, spending like it has a credit card that never has to be paid, and that he's prepared to take action," the source said.[8]

Okay, let us hear the solution! Show us the action!

[He will just talk!]

To make his concern even clearer, Paterson will hold a private meeting today with ColumbiaUniversity's Nobel prize-winning economist Joseph Stiglitz, the former head of the World Bank, who has called the current worldwide financial crisis the worst since the Great Depression.

"The governor has been impressed with Stiglitz's work, and there have been staff discussions leading to the meeting Monday," said an administration source.”[9]

They promised to be fiscally responsible in 1976, but returned to the public though to fund their phony social programs, ‘education’ and fat salaries. 

Why not try to cut spending? No, that is not an option.

These people are simple parasites who will never cut spending. They hope to find any way to increase taxes. They will promise anything.  Federal taxes are welcome too. Once they get more funding they will overspend on maintaining their power and go broke again and lay prostrate in the streets of New York and bawl.

The NYC and NYS crowd are the same people that brought down New Orleans, Philly, Detroit, Boston and Oakland. The same mentality of tax and spend has broken several cities and one county in California.

These people are criminally negligent and need to be voted out of office.

rycK

Comments: ryckki@gmail.com



[1] Spitball No. 9 Plays Nine Ball Pool and Gets Pocketed with a Bank Shot

Posted by rycK on Monday, March 10, 20084:33:49 PM

http://rycksrationalizations.blogtownhall.com/2008/03/10/spitball_no_9_plays_nine_ball_pool_and_gets_pocketed_with__a_bank_shot.thtml

[2] Krugman of the New York Times Slaps His own Face over a New Theory to Raise Taxes.

Posted by rycK on Monday, March 10, 200811:19:13 AM

http://rycksrationalizations.blogtownhall.com/2008/03/10/krugman_of_the_new_york_times_slaps_his_own_face_over_a_new_theory_to_raise_taxes.thtml

[3] That '70s Woe In Rerun

Gov Warning Of Worst Economy In Decades By FREDRIC U. DICKER, State Editor”

http://www.nypost.com/seven/07282008/news/regionalnews/that_70s_woe_in_rerun_121880.htm

[4] The New York Times Advises Us on a Debt ‘Bailout,’ Watch Your Pocket Books!

Posted by rycK on Saturday, February 16, 200811:53:02 AM

http://rycksrationalizations.blogtownhall.com/2008/02/16/the_new_york_times_advises_us_on_a_debt_%e2%80%98bailout,%e2%80%99_watch_your_pocket_books!.thtml

[5]“ Hardball With Warren and Eliot New York Times Published: February 16, 2008

 http://www.nytimes.com/2008/02/16/opinion/16sat1.html

[6] The New York Times Advises Us on a Debt ‘Bailout,’ Watch Your Pocket Books!

Posted by rycK on Saturday, February 16, 200811:53:02 AM

http://rycksrationalizations.blogtownhall.com/2008/02/16/the_new_york_times_advises_us_on_a_debt_%e2%80%98bailout,%e2%80%99_watch_your_pocket_books!.thtml

[8] “Spendthrift New York City almost went bankrupt in 1975-76 and the state defaulted on some of its bonds at the same time in the worst fiscal crisis to face New York since the Great Depression. “

 http://www.nypost.com/seven/07282008/news/regionalnews/that_70s_woe_in_rerun_121880.htm

[9]“ While state and city leaders pledged to assure the prudence of future fiscal practices, that pledge was largely abandoned during the past 20 years as officials ran up state spending at two or three times the inflation rate because of sharp increases in education and health-care spending.”

 http://www.nypost.com/seven/07282008/news/regionalnews/that_70s_woe_in_rerun_121880.htm

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