Money Beat

Better cut some spending Gov Paterson...

Why are only blue states asking for money? Is the liberal management causing them to spend too much.

have the governors ever heard of cutting spending? I guess not.

Stanford said what every one else is too afraid to say (He refers to the CDS market collapse):

I believe that some time in the not-so-distant future we’re going to reach a breaking point when that $52 trillion will come due, and that our potential inability to pay will have frightening ramifications by either completely trashing the value of the dollar or creating hyperinflation, which robs from every middle class worker across America,”

It seems to me, comming form the great state of New York, and then moving to the great state of Texas, that its not liberal management that has put the state in the position that it is in. Its comes down to revenue and services. Each state is unique, some like to offer many services to there communities, other would choose less government and provide less services at the state level. Right now, NY has less revenue comming in than before the economic crisis. Texas on the other had has more. You ask why there asking for money its, simple Texas is the second most populous state in the union, but has the fewest residesents with health care, NY being a large state themself has state run insurance. Things like that cost money. By the way, liberal spending is funny, since NY has only had a Democratic governor for one year, and the governor before spitzer was republican and he servied for 12 years, and NY has a republican controled house and senate.

There is two america's forming.

The conservative america which is represented by the red states. Those states are run by conservative leaders but produce lower budgets, lower unemployment and business that are profitable.

The blue states are asking for money in every way possible, have high unemployment and business that are crashing. These states have liberal management.

Yep...blue states and cities are going to get in line for the fed money.... they don't work or bring in enough revenue...so their going to make every hard working american pay for the welfare they so love......

If you don't have money, you can't give it. If America no longer produces anything of value, we cannot sustain ourselves. Patterson is just begging. He should start on the corners in NYC. Supposedly, that's where the money is. Maybe he can pay for his government programs with tickets to broadway muscials and obscene t-shirts. Patterson has no plan, he is begging. Beggars can't be chosers.

Obama should not be allowed to take money for his campaign from foreigners. Only Americans should have any say in an American election. It's very suspicious when he takes foreign money. What do they think they'll get in return?????

McCain Will Do Anything To Steal The Election
With ten days to go until the election, its possible theft via the White House invading Syria just in time to jigger voter focus towards the national security issue that favors McCain should not be taken lightly. For the conservatives' success with this October surprise or other skullduggery to steal the election would leave Sarah Palin a heartbeat away from having her finger on the button that launches our nuclear missiles. This is to put the media on notice that not repudiating the likes of this smiling hatemonger will not be tolerated, even if I have to send this message out to every last person in America myself. She has been just what her boss, John McCain, needed, her practiced-in-the-mirror smile the perfect accessory for this inanely dumb broad who would distract us from all the important issues of the election and from the conservatives' efforts to steal the election by race baiting and any other means they feel necessary. They will stop at nothing.
Mrs. Ruth Calabria
More to read about how they will try to steal the election on www.matrix-evolutions.com .

Doesn't he see it's this welfare state mentality that is killing our future? What, is he blind...oops.

NY should first reduce its HUGE state payroll then and only then should them go begging for more Fed aid. I guarentee they could cut the payroll by 15% with no impact at all.

Funny how warped the "red state" views expressed here are.

I just had a conversation about this very subject with my parents, who retired to Florida with their ginormous New York State teacher's pensions (for which I and other New Yorkers pay) and the considerable proceeds of their largely capital-gains-tax-free peak-of-the-market suburban New York house sale.

My Floridian parents expressed satisfaction that people who might be inclined to want "welfare" or medical insurance or something have to move out of state to places like New York to get it, so that they can retire to a state with no taxes.

My parents say they won't ever consider moving to New York or Califonia (where all of their children who will soon need to take care of them live), at least not for more than 182 days per year (they're currently buying a condo in California for that), because the state taxes would crimp their ability to travel around the world and buy $150,000 4 MPG recreational vehicles, which they can do on NYS teachers' pensions living in Florida.

It would appear to me that Florida is Mexico, whose economy runs on foreign remittances. (Except that it has the electoral system of Zimbabwe.)

Another popular tax-free "red" state model seems to be the People's Republic of Alaska, where all the considerable natural resources are held in common, and companies exploiting them are taxed up the wazoo, so that the residents can subsist on itinerant huntin', fishin', snow-machine drivin' and $1200 checks from the state government.)

I love my parents dearly, but there is something deeply wrong with this model, and it's not the NYS budget!

It amazes me that so many seem to forget the definition of the words accountability and responsibility. Responsible government would call for reducing expenses before asking for federal money. What about reducing the payroll and if required raising taxes?

In reference to some of the comments about Republicans stealing the election...please. How could you possibly bring that up when Obama will not answer necessary questions about his birth, relationship with some key advisors with unsavory pasts, relationship with ACORN (the group that is setting this country up for a crash of our electoral process), his encouragement of foreign, anonymous donations; encouragement of cold calls to American citizens by Palestinians,failure to impact the terrible Chicago school system after having access to $150 million, etc. And more!

lisa little class envy tripp.... drink the cool aid honey....liberals have no other liberals to take care of them so they look for a right wing t@t to suck on...look at joe biden donated 600 bucks to charity THATS ALL...

Lisa in New York | Oct 29, 2008 2:46:13 PM....I disagree. It is very strightforward. Income - expenses = NET. If Expenses > income, either increase income or decrease. spending.

Jimbo, you don't know how much I make, and you'd be surprised, I betcha, to see what party is on my voter registration card, so stop spiking the kool-aid before you post, honey.

Deanbob, NYS does match its income and expenses, even including the considerable direct and indirect subsidies it has to pay to other states and the feds. It has to. That's the law.

It doesn't help, however, that the system encourages gaming by people dodging their taxes in states like Florida and Alaska. Such behavior is not patriotic; it is selfish and greedy, and the ideology that encourages it is warped to an extreme.

Why do they put up those signs at national parks that say: "Do not feed the animals," or "A fed bear is a dead bear?"

Let's stop feeding the beast.

Michigan has had high unemployment for 4 years, factory are shutting down and the mayor of detroit is in jail for perjury. Our state was shutdown for 7 hours for budget reasons.

We have a female democrat for governor, two liberal senators and our legislation is controlled by democrats.

Our biggest employers are downsizing. They are GM, Chrysler and Ford. If it brings jobs back to Michigan, I would vote for bozo the clown if he was not a democrat.

Start with across the board slashing of all govt employes pay. Then start downsizing numbers of jobs, starting at the top. It is so unfair that the private sector gets laid off and the pulic sector grows.

GM should have to issue massive new shares of common stock in an effort to survive. THAT IS THE SYSTEM. ALL CEO'S trick and beg so they dont have to dilute shares. CEO'S really dont care about the co., their primary interest is stock price, no matter how they get and keep the price up! Labor and management have caused the financial conditions at GM.bleedtaxpayer yah,right

I see all of the negatives from conservatives blaming Liberals for financial problems and spending. I think they had better check history. Most of our nations finacila problems since 1900 have been caused by Republicans (conservatives) and fixed by Liberals. Currently, we have another mess caused by Conservatives we have to fix... caused by unlimited spending resulting from poor leadership decisions on behalf of Americans. The idiots who selected the current administration are responsible. George Bush was never capable of leadership and neither is John McCain. Look at how they were raised without regard for responsibility for their behaviors, throughout their lives. They failed academically and in performance of any endeavor they undertook. Neither man is in touch with the majority of the American people. Those who are blue collar who support them have no idea what they are doing. Those who call Liberals socialist do not understand what it means and they, if they are religious, do not understand that Jesus Christ would be a socialist. Whatever you do to the least of my brothers, you do to me. He was all about taking of EVERYONE and so is our constitution. See Acts, Chapter 2, paragraphs 44 and 45 about selling ones property and dividing it among those in need...

Obama is interested in the well being of all Americans. McCain's interest is in the top 1% and that includes him...
If we want disaster we will chose McCain and Ms. least experiance.

We need conservative thinking at every level, not just the local levels.

I would vote for anyone who would cut spending and taxes.

I would rather vote independent and hope my state goes to an indepedent.

David Biddle | Oct 29, 2008 3:48:49 PM.....Anyone can say anything. It is another thing to make a statement and back it up with fact, such as... . When the capital gains max tax was 70% under Jimmy Carter(along with near double digit unemployment and interest rates over 20%), Reagan reduced it to 28% and the revenue to the government doubled and started the greatest 20+ year expansion in the country's history.

This Big Brother/Nanny/Welfare-state government is going to come to a screeching halt. The people benifiting from all the welfare are going to be kicked to the curb. Maybe we can all get back to living slightly more modest honest lives in the near future.

'Twas the night before elections
>> And all through the town
>> Tempers were flaring
>> Emotions all up and down!
>>
>> I, in my bathrobe
>> With a cat in my lap
>> Had cut off the TV
>> Tired of political crap.
>>
>> When all of a sudden
>> There arose such a noise
>> I peered out of my window
>> Saw Obama and his boys
>>
>> They had come for my wallet
>> They wanted my pay
>> To give to the others
>> Who had not worked a day!
>>
>> He snatched up my money
>> And quick as a wink
>> Jumped back on his bandwagon
>> As I gagged from the stink
>>
>> He then rallied his henchmen
>> Who were pulling his cart
>> I could tell they were out
>> To tear my country apart!
>>
>> ' On Fannie, on Freddie,
>> On Biden and Ayers!
>> On Acorn, On Pelosi
>> He screamed at the pairs!
>>
>> They took off for his cause
>> And as he flew out of sight
>> I heard him laugh at the nation
>> Who wouldn't stand up and fight!
>>
>> So I leave you to think
>> On this one final note-
>> IF YOU DONT WANT SOCIALISM
>> GET OUT AND VOTE!!!!

Gov Patterson, tell Mayor Nanny Bloomberg to cut spending on the stupid stuff; I live in NYC where the Nannies are spending tax dollars on free condoms among all the other stupid stuff.

Start with controlling your own Nannies before you strat begging Big Brother to to bail you out.

Why is it that the wealthiest States in the Union are always going bankrupt?

Could it be due to the fact they're run by big spenders spending other people money and not their own?

Lisa Honey.... I really don't care how much you make.....what was your point with that?? ....oh I forgot...answering a answer with an answer that has nothing to do with the topic.... just like the one

Deanbob - when John McCain was bedding the lovely in South America during his Navy days he promised her a bright future. When he was bedding Cindy BEFORE he filed for divorce from the woman who waited for him while he was a prison of war he promised her a bright future. I don't want any part of McCain's bright futures. By the way - stealing the Night Before Christmas lyrical base is nothing new for the Republicans. George W. Bush's tax cut to the wealthy was the largest redistribution of wealth in the nation's history - Santa Claus lost his bag.

James- So someone besides me has seen the left leaning states are the only ones asking for goverment help. What could this be, well lets look at a couple of things. First: Most of these states think that the people have a right for the goverment to support them if they don't want to work. This means a huge welfare bill. Second: most of these states allow illegals to recieve the same benefits as citizens for thinks such as welfare, housing, foodstamps eduction etc.. Thirt: Most of these states do not really know how to control a budget since they got the tax payers to back them up incase they spend to much. They know they can just raise taxes and tell everyone we only raised it on the rich, most people will even see their taxes have gone up cause they believe whatever these crooks tell them cause NBC, CBS, CNN, ABC told the on the nightly news that it is really the rights fault cause the did something in the next state and it is their fault. Fourth: Like california there are some no most in state goverment who only have one thing in mind pushing their agenda no matter what happens to the people. Guess we can be expecting that soon in the Presidents office and congress and senate also. Looks like we are going from a world superpower to just another 3rd world country. Thank you obama for you help in destorying this country.

Vote McCain are don't complain.

Okay we seem to be seeing here a lot of conservatives taking the "red" states side saying that "blue" states are bad liberals and can't balance budgets...okay first let's do away with farm subsidies (since more people population wise live in blue states why should they subsidize anything that doesn't affect them)....then lets allocate resources strickly on the basis of population EVERYTHING...now that'll make redders think about it more. Geez are you people so hung up on Reagan economics and the current candidate that you've lost your minds?

That's what I've BEEN saying about my own sad state!!!! "Immediate relief is needed for extreme budget deficit!"----------" Send me some money!"--------
Let me know how that works for you. I haven't had much luck personally.

Thayt was a lame point

Rob, you point would be valid if it was not being used to say the economy was bush's problem.

The point, sir, is on your head. You should wear a hat and cover it up.
Seriously-my point is that everyone is screaming and everyone is turning to the government for a hand out. That, sir, is MY point. All of this bail out, stimulus, assistance crap is just getting started. Where is the money coming from if there is no money?

OnTheGloryRoad...you can't fault McCain for leaving his wife when he got out of prison...i mean...she gained a lot of weight.

Someone made a comment on another blob that the recession map looks like the electoral map.

So, now the Federal government needs to bail out the States? If Governor Paterson thinks his state needs more money, why doesn't he tax HIS citizens more and see how that works out first? When the heck did the Federal government become Daddy Warbucks?

victor = simpleton

go to school victor ,major in economics with a minor in local and state management and then youll see what an ignoramus you are.

OnTheGloryRoad | Oct 29, 2008 4:23:43 PM
.....At least McCain was man enough to aadmit the philandering ways of his past(his 1st wwife supports him), more than I can say for all of the Obama lies of his past.

Cut spending across the board and you can balance the budget. Government state and federal spend too much and wastes too much. All governments should be run efficiently and like a tight ship.

Now is the time and opportunity to downsize the City of New York's five Borough offices, by consolodating them into a single entity similar to Los Angeles, California. For example, the NYC Department of Buildings has one office of the Commissioner and five separate Borough offices, each with a Borough Superintendent, Chief Plan Examiner, Chief Inspector, Permit Clerk, Certificate of Occupancy Clerk, etc. This is an indication of one of most inefficient and wasteful forms of government, stemming from the incorporation of the City of New York in 1898.

There is no way in the world that taxpayers from other states should be forced to help balance a states budget. New York has some of the highest taxes in the country. Try spending less (ex.: stop giving free money to lazy people and illegal aliens) and you should be able to balance the budget. It's certainly not my fault you can't control your budget and I shouldn't have to send my hard-earned dollars to you. Especially if you are going to give it to lazy people that do nothing to contribute anything to society (except drugs and crime).

Guess the States are petrified to raise taxes or cut spending......just like the Feds. What else is new ??

The taxpayer is already getting it in the shorts bigtime. So Government spending MUST go down at every level along with citizen expectations. Is this rocket science ??

Many States and the Fed are brimming with pork and useless bureaucracies built over the flush years .... intended to protect everyone from themselves and everything else known to mankind considered unpleasant.

Simple solution: If they won't get off their butts to cut their runaway spending, VOTE THEM ALL OUT !!

End Red State socialism!

http://democraticactionteam.org/redstatesocialism/index.html

The economic downturn is even affecting junk dealers in Nicaragua:

http://www.vaboomer.com/the_portal_to_boomeranger/2008/11/junk-dealers-in-nicaragua-devastated-by-economic-meltdown-we-are-all-involved.html

so much for federalism, the states become administrative sub-units of the central government.