New York state relies on gimmicks and nonrecurring revenue to pay for rising pension costs and the most-generous Medicaid benefits in the U.S., said a group led by former Federal Reserve Chairman Paul Volcker and former Lieutenant Governor Richard Ravitch.. Annual pension contributions may increase 31 percent .. Retirement obligations and health care are outdistancing revenues at an ever-increasing pace .. To balance New York’s budget, state officials have relied on about $25 billion in nonrecurring, or “one-shot,” revenue actions, over the past 10 years Headline resplit to site style by staff
Comments: Almost as bad as Illinois and California ?
They think Bernacke is going to bail them out with another blank check from the Fed. NY could frack for gas, but the corrupt NYC politicians who run the state don´t want to. These idiots are only slightly ahead of the whole country in terms of running smack into bankruptcy.
Well, the article certainly got it right about the most-generoud Medicaid benefits in the U.S. It even pays for baby and adult diapers. As for the budget, NY´s famous gimmick is to raise county contributions to the gold plated pension system, which is why counties are going broke. A friend of mine retired from the state and he makes more money retired than he ever did working and pays nothing for medical costs.
A police officer who dropped off his daughter at her Phoenix elementary school was asked by the school’s principal not to wear his uniform to the school because other parents were concerned that he was carrying a gun.. Scott Urkov is a police officer for the Coolidge Police Department. . Nothing like your kids school calling and asking if I could not come to pick up my daughter in uniform cause parents were concerned when their kids came home telling there was a man at school with a gun.. Are you freaking kidding me?
House Republicans on Friday accused Treasury Secretary Jacob Lew of obstructing their investigation into the IRS’s targeting of tea party and conservative groups, and issued subpoenas for more agency documents. Oversight committee chairman Darrell Issa sent a scathing latter to Lew blasting him and Obama for dismissing the GOP’s claims about IRS targeting as a phony scandal, saying that Lew has attempted to thwart his investigation. (Snip) The IRS came under scrutiny when its auditor reported earlier this year that the agency had singled out groups with “tea party,” “patriot” or “9/12” in their names for special scrutiny when the groups applied for tax-exempt status. The IRS has acknowledged it asked inappropriate and intrusive questions of the conservative groups.
A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them. Kevyn Orr spent two hours with about 180 bond insurers, pension trustees, union representatives and other creditors in a move to avoid what bankruptcy experts have said would be the largest municipal bankruptcy in U.S. history. Underfunded pension claims likely would get less than the 10 cents on the dollar.
The Muslim Brotherhood-affiliated Council on American-Islamic Relations (CAIR) is pressuring public schools in this country to make special accommodations for Muslim students and to deny comparable accommodations for students of other faiths. For example, CAIR’s instructional material for teachers entitled “An Educator’s Guide to Islamic Religious Practices” advises schools to permit Muslim students who wish to attend Friday congregational worship (known as Jum’ah) to “request a temporary release from school.” In California, the Islamists have already won in their efforts to get special treatment for Islam in the public schools.
Arizona Gov. Jan Brewer won a battle with state lawmakers this week, defying most other conservatives in her party to get a key component of President Obama’s Medicaid expansion through the Legislature. The Arizona Senate voted Thursday to approve the measure 18 to 11. That followed approval earlier this week by the state House of Representatives. The issue had inflamed passions and divided the Legislature for weeks. Things came to a head Tuesday when Brewer called lawmakers into the Capitol in Phoenix for a surprise special session.
A Memorial Day weekend storm has dropped three feet of snow on a New York ski mountain near the Vermont boarder. Whiteface Mountain spokesman Jon Lundin says 36 inches of white powder has blanketed the nearly 5,000-foot tall mountain in the Adirondacks. That has forced the Olympic Regional Development Authority to close Whiteface Veteran´s Memorial Highway on the backside of the mountain.
Barack Obama owes his presidency in no small part to the power of rhetoric. It´s too bad he doesn´t appreciate the damage that loose talk can do to America´s tax system, even as exploding federal deficits make revenues more important than ever. At his Arizona State University commencement speech last Wednesday, Obama noted that ASU had refused to grant him an honorary degree, citing his lack of experience .. He then demonstrated ASU´s point by remarking, " President [Michael] Crowe and the Board of Regents will soon learn all about being audited by the IRS."
New York — The anchor who might beat Bill O’Reilly gets her eyelash extensions applied one at a time, with tweezers and dabs of glue, about 90 minutes before showtime, right after a motorized gun sprays foundation over her face, neck, shoulders, collarbone and sternum, wiping out a galaxy of light freckles that spreads across her — Let me stop you right there. Photos of the day Uruguay legalizes marijuana, Kiev police pull back from protesters, aging U.S. prison population and more. Tuesday´s Photos of the day Would you write this way about a man? About O’Reilly himself? At least that’s what Megyn Kelly might ask at
In August 2013 I became very sick with what I thought was a cold. After a few days I lost vision in my left eye and I checked into the hospital. I soon found out that what I thought was a summer cold was actually Strep bacteria poisoning my blood stream. The bacteria blinded my left eye, ate a hole through my heart, caused five strokes on both sides of my brain and forced the removal of my prosthetic left knee. Dr. Lee was the surgeon assigned to perform open heart surgery. What was originally scheduled to last four hours ended
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
The health director who approved the release of President Obama’s birth certificate has died in a plane crash, Hawaiian officials said Thursday. Loretta Fuddy died after the Cessna Grand Caravan aircraft she was travelling on went down shortly after leaving Kalaupapa Airport at around 3:15 p.m. local time (10:15 a.m. ET) on Wednesday. The other eight people on board were rescued, Richard Schuman, president of Makani Kai Air, told NBC News early Thursday, adding that that there was no indication as to why the plane had crashed. Fuddy hit the headlines two years ago when she approved a waiver request allowing Obama to
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
Views of the tea party are at all-time lows in a new poll, as primary challenges to establishment Republicans continue to heat up Washington. Just 30 percent of Americans view the tea party favorably in a new Gallup poll released Wednesday, the movement’s lowest point since Gallup began polling about it during its rise in 2010. Also in a first, a majority of Americans had an unfavorable view of the tea party, at 51 percent. Similar numbers of respondents described themselves as proponents or opponents of the tea party: Twenty-two percent identified themselves as tea party supporters, while 24 percent said they