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."
The California Assembly passed a bill on Thursday that would make the state the first in the nation to allow non-citizens who are in the country legally to serve on jury duty. Assemblyman Bob Wieckowski, D-Fremont, said his bill, AB1401, would help California widen the pool of prospective jurors and help integrate immigrants into the community... Democratic lawmakers who voted for the bill said there is no correlation between being a citizen and a juror, and they noted that there is no citizenship requirement to be an attorney or a judge
An 18-year-old Aurora man was arrested Friday night before he tried making his way to Syria to join a ‘jihadist militant’ group, federal authorities said. Abdella Ahmad Tounisi was taken into custody without incident late Friday at O’Hare Airport by members of the Chicago FBI’s Joint Terrorism Task Force as he attempted to board a flight destined for Istanbul, Turkey, according to the FBI’s Chicago office. Tounisi, a U.S. citizen, appeared before U.S. Magistrate Judge Daniel G. Martin Saturday for allegedly attempting to provide material support to a foreign terrorist organization
The Senate’s pending immigration bill includes roughly 400 exemptions, exceptions, waivers, determinations and grants of discretion. The bill’s complexity is forcing opponents and supporters to comb through its 844 pages before they can declare their conditional support or opposition to the high-stakes measure. “WAIVER.—The Secretary, in the Secretary’s sole and unreviewable discretion, may waive the application of subparagraph (A) on behalf of an alien,” says one passage on page 71 of the complex document.
The New York Times Co is putting The Boston Globe on the auction block for a second time as it seeks to focuses solely on growing its flagship newspaper, the company said on Wednesday. The sale, which will also include the Worcester Telegram & Gazette, is expected to come at a big loss for subscribers and advertisers .. the Globe could fetch about $150 million. The New York Times paid $1.1 billion for the newspaper in 1993.
The leading edge of a large, powerful winter storm descended on the western United States on Wednesday, dropping snow as far south as Tucson, Arizona, and snarling evening rush-hour traffic in Denver. Snowfall sweeping the southeastern corner of Arizona blanketed the saguaro cactus-studded high desert with several inches of white stuff, leading the Professional Golfers´ Association to cancel play at a tournament near Tucson. "I don´t think I have (ever seen anything like this), to be honest," competitor Ian Poulter
Rush Limbaugh and Sarah Palin are starting to sour on the new pope. In response to Pope Francis’ first Apostolic Exhortation, in which the pontiff denounced “trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world,” these two paragons of the far right – both of whom regularly invoke the teachings of Jesus to bolster their own political views – have suddenly turned their backs on the man whose actual job description is to speak for Jesus. Sarah Palin complained that Pope Francis sounded “kind
The human species began as the hybrid offspring of a male pig and a female chimpanzee, a leading geneticist has suggested. The startling claim has been made by Eugene McCarthy, of the University of Georgia, who is also one of the worlds leading authorities on hybridisation in animals. He points out that while humans have many features in common with chimps, we also have a large number of distinguishing characteristics not found in any other primates. Dr McCarthy says these divergent characteristics are most likely the result of a hybrid origin at some point far back in human evolutionary history. What´s more, he suggests,
The hits to President Obama´s popularity, prompted by the botched HealthCare.gov rollout, are simply a natural fluctuation every commander-in-chief faces, Obama told interviewer Barbara Walters in an interview aired Friday. "If you remember, I´ve gone up and down pretty consistently throughout," Obama said in the ABC interview on Friday. "But the good thing about when you´re down is that usually you´ve got nowhere to go but up." "I got re-elected in part because people did think I was trustworthy and they knew I was working on their behalf," Obama said in the network´s exclusive. A CNN Poll of Polls complied
In 1947, Sen. Harley Kilgore (D-W.Va.) condemned a proposed constitutional amendment that would restrict presidents to two terms. “The executive’s effectiveness will be seriously impaired,” Kilgore argued on the Senate floor, “ as no one will obey and respect him if he knows that the executive cannot run again.” I’ve been thinking about Kilgore’s comments as I watch President Obama, whose approval rating has dipped to 37?percent in CBS News polling — the lowest ever for him — during the troubled rollout of his health-care reform. Many of Obama’s fellow Democrats have distanced themselves from the reform and from the president.
For Kentucky Sen. Mitch McConnell, enough was enough. The Senate´s top Republican had watched a Tea Party-driven government shutdown sink the GOP´s already-weak brand and jeopardize McConnell´s own chances of ever becoming majority leader. The solution, he concluded, was that the party´s so-called Establishment had to start fighting back against its most conservative wing. McConnell, an ardent Obamacare opponent, and other Republican pragmatists in Congress, supported the conservatives´ mission to defund Obamacare during budget negotiations, which led to the 16-day shutdown. But the pragmatists also accepted that their odds of success were virtually nil. Democrats ruled the Senate and White House, those
The Washington Examiner recently reported on an academic study on the 2008 presidential election entitled "The Palin Effect" that examined the effect of then Gov. Palin on the John McCain campaign. Its conclusions run counter to conventional wisdom. The cliché, advanced by the media and the now infamous HBO TV show "Game Change," was that Palin helped to cost McCain the election because of her "controversial" personality. In fact, typical of most vice presidential running mates, Palin had a marginal but largely positive effect on McCain´s standing with the voters. She certainly did not drive away independents and moderates, who along
Four more years. 10 trillion more dollars in debt. And by the end of it, we’ll have a nuclear war in the Middle East and mandates forcing you to buy everything from electric cars to Michelle Obama’s trademark Soy and Asphalt pie. The motives behind the Washington Post op-ed argument are… revealing. I watch President Obama, whose approval rating has dipped to 37?percent in CBS News polling — the lowest ever for him — during the troubled rollout of his health-care reform. Many of Obama’s fellow Democrats have distanced themselves from the reform and from the president. Even former president Bill Clinton
He´s a proud family man already, but President Barack Obama will turn to his children when it comes to life after the White House. Sasha Obama could be the deciding factor in whether the first family stay in Washington once he leaves office in three years. In a taped interview with ABC News, the President said his now 12-year-old daughter ´will have a big vote in where we are´ because she will be a sophomore in high school. When Obama leaves office in January 2017 after two terms, eldest daughter Malia could be off in college. Both girls attend the exclusive Sidwell Friends School
AUBURN, Ala. — In a season of miracles for Auburn, all it has taken is one mistake to give the Tigers life. No. 1 Alabama made just enough of them Saturday to change the course of history. With no time left on the clock, Auburn cornerback Chris Davis caught a 57-yard field goal attempt by Alabama in the back of the end zone, ran it out down the left sideline and went 109 yards untouched to beat the Crimson Tide, 34-28.
Progressive talk radio needs a savior. Just a few dozen stations now carry liberal talkers, as key affiliates in cities with active left-wing politics are falling like dominoes, going dark or switching formats. Detroit’s progressive outlet shut down in January, along with Seattle’s liberal talk station, which changed to sports. And after last year’s election, Portland’s progressive talk station ended its political programming. With the political battlegrounds of 2014 and 2016 on the horizon, reducing the whopping imbalance between conservative radio, with its huge fan base, and the left has become more important than ever, according to those in
Sen. John McCain is starting to sound like a Tea Party “wacko bird.” In a new fundraising letter for the Republican National Committee released Friday, McCain lashed out at “Barack Obama, Harry Reid and Washington liberals,” who he claimed are destroying the United States. Liberals, he warned, “have taken us down a dark and dangerous path defined by record levels of debt, ever-expanding government, and a lead-from-behind defense strategy. There´s not much time left to turn things around.” McCain’s name carries a lot of weight in fundraising because he was the 2008 GOP nominee and is a leading voice of
The time has come to end presidential term limits, because continuing the restrictions on how long one can serve in the country´s highest office is bad for the United States, a university professor argued this week. In an opinion piece published in the Washington Post, Jonathan Zimmerman, a history and education professor at New York University, says deciding whether a president deserves a third, fourth or more terms should be left to the American people, not the 22nd Amendment to the Constitution, which placed a two-term limit on the position. As background, here´s an excerpt from the amendment, ratified in