Archive for June 12th, 2010

Avoiding Fiscal Reality In New York

You just can’t make this stuff up. From the NYT: Gov.┬áDavid 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 [...]

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