It cries out for an intervention. It is almost like a 1950s horror movie where the victim/villain begs for help to stop him before he runs amok and kills again. With a monstrous $14 trillion in debt and Democrats and Republicans about to do battle to increase that amount even more, newly elected Republican governor Rick Scott of Florida turns down white elephant spending on high speed rail, $2 billion worth. But instead of agreeing that Governor Scott’s decision was a prudent one in today’s times, Democrats Chuck Schumer and Frank Lautenberg waddle up to the trough, snorting in glee as they bury their faces in the slop and with the excess dripping off their chins, look into the camera and say, bad for Florida, goooooood for New York and New Jersey.
New York
“I always use the word extreme, that’s what the caucus instructed me to do the other week, extreme cuts and all these riders, and Boehner’s in a box but if he supports the Tea Party, there’s inevitably [be] a shutdown. – Senator Charles Schumer (D-NY)
In an article in the Wall Street Journal yesterday, Senator Marco Rubio said:
Every generation has had to confront and solve serious challenges and, because they did, each has left the next better off. Until now.
It brought to mind the movie Generation Zero, that chronicles the origins of the great financial meltdown that we have experienced. In that movie they point to one of the contributing factors the transition in power from those who lived through the Great Depression and World War II to the Baby Boomers, who knew little deprivation in their lives. Now as these boomers, of which I am one, took the reins of power, caution was thrown to the wind.
In an interview on Bloomberg radio yesterday, New York Lieutenant Governor Richard Ravitch talked about the perilous state of New York’s economy. Mr. Ravitch was a key player in the rescue of New York City from the brink of financial collapse in the 1970s. He talked about bankruptcy being an option and how New York City’s possible bankruptcy really brought banks to the negotiating table. He also talked about how important the financial services industry is to New York as a source of tax revenue. Then he let the cat out of the bag.










