When Absolute Power Prevails, Absolutely Nothing Changes

August 31, 2012

New York Assembly boss Sheldon Silver used public funds for an “ethical” secret payment. That’s absolute power talking.

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Gov. Andrew Cuomo’s First Picture Show

April 4, 2011

Happy endings are more Hollywood than Albany. But last week, New York’s legislature enacted the state’s annual budget on time, closed a $10 billion hole without new taxes, dropped a so-called “millionaire’s tax” that invited entrepreneurs to leave the state, and even scrounged up a few extra bucks for the state’s schools. Okay, so it isn’t exactly a happy ending. It’s more like a good beginning. But for the first …

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‘Functionally Bankrupt,’ But Honest About It

February 4, 2011

A guy told me the other day that he is “functionally bankrupt.” He has around $57 billion in outstanding debt (it takes awhile to add it all up), but he’s planning to borrow $5 billion more in the next year or so. Would you like to lend him some of that money? I wouldn’t. The guy is New York Gov. Andrew Cuomo. In his budget message to the state Legislature …

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