Throw them out – throw them all out

New York State will fund its pension deficit by borrowing money from pension funds.

ALBANY — Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their required annual payments to the state pension fund.

And, in classic budgetary sleight-of-hand, they will borrow the money to make the payments to the pension fund — from the same pension fund.

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4 responses to “Throw them out – throw them all out

  1. Bourke estate for sale?

    Is the Fred Bourke property on Fort Hill Lane being sold? Someone said it was going on MLS? True? I heard it was once owned by a son of Herbert Hoover years ago.

  2. Daniel

    This is sustainable, right?

  3. out looking in

    I like the plan- save the pension by risking the pension. Perhaps cops and fireman doing overtime shifts that are backloaded, LI railroad men claiming injury and drawing additional payments, etc., will be served a dollup of justice in the end…no way!!