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Reply #15: That is why the state budget choices are so important [View All]

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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 07:18 AM
Response to Reply #14
15. That is why the state budget choices are so important
Yesterday, my husband and I went to a county Democratic meeting where Governor Corzine spoke to us and took questions. He just released the state budget numbers for education aid to the towns and cities. There are NO cuts from last year even though the total budget is down about $5 billion (It is now around $30 billion ) They also increased some taxes or took away some tax deductions that account for another $1 billion. (The degree the budget was cut was actually news to me as the local paper mentioned the tax hike and the amount only.)

As this is one of the wealthier counties, the first question that Corzine got was from a woman politely stating that the loss of a deduction for property taxes this year for couples making over $150,000 would hurt her and many of her neighbors. His response was that he didn't like making these choices but that doing so was the only way to preserve the property tax rebate for couples making under $70,000 and to keep education aid at least as high as last year and to continue to provide health insurance for every child who didn't have it and giving the same level of aid to municipalities. He than said that he thought this was a budget that every Democrat could stand behind because it showed our value of doing what is right for kids and the community.

Before the Governor came - he was nearly an hour late, we were talking with some local Democrats, including 2 who are very active with school issues. They had only gotten the new numbers that morning and were extremely pleased. They had anticipated a 5% cut but (due to higher enrollment) got a 5% increase. This meant the school board was able to reconsider the cuts they planned in the budget. (The cuts, many of which are still needed, were nowhere as horrific as those that could produce the conditions you speak of - but they were cuts that were hard to make, cutting kindergarten aides, elementary world language teachers, some enrichment programs and elementary teachers - increasing class sizes to the upper 22 to 23 in K-2, and 25 to 26 in 3-5 - numbers that still look good to me as a baby boomer. They are also charging $100 to people playing sports.)

It is clear that the Governor intends to run a campaign that will be based on "our values" versus theirs. He said several times that this November's election will not be about him but about Democratic vs Republican values.
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  -Bernanke responds to Sen. Kerry's concerns on excess spending by bailed out co's TayTay  Mar-11-09 10:37 AM   #0 
  - I wonder when the letter was written as it was in response to an October letter  karynnj   Mar-11-09 02:25 PM   #1 
  - Saw that. But ..... I am beginning to feel a bit contrarian on some of  beachmom   Mar-11-09 02:33 PM   #2 
  - Lots of interesting takes on the article at Memeorandum:  beachmom   Mar-11-09 03:15 PM   #3 
  - I read Kevin Drum's piece. He has a point, but it's simplistic.  ProSense   Mar-11-09 03:55 PM   #5 
  - I agree that if they claim they shouldn't have taken the money,  beachmom   Mar-11-09 04:01 PM   #6 
     - I think the conditions should be painful and onerous  TayTay   Mar-11-09 09:06 PM   #10 
        - EXCELLENT post. I agree with...  YvonneCa   Mar-11-09 09:34 PM   #12 
        - Where is the outcry for what that kind of "social engineering" will do  TayTay   Mar-11-09 10:02 PM   #13 
           - Sometimes I'm really glad that I retired and won't have...  YvonneCa   Mar-11-09 10:40 PM   #14 
           - That is why the state budget choices are so important  karynnj   Mar-12-09 07:18 AM   #15 
              - State budget choices are absolutely critical...  YvonneCa   Mar-12-09 12:06 PM   #21 
           - Okay, put it to you this way:  beachmom   Mar-12-09 10:20 AM   #19 
              - "The tellers at your local bank? How is this their fault? "  ProSense   Mar-12-09 01:03 PM   #24 
              - They get bonuses as part of their pay.  beachmom   Mar-12-09 01:29 PM   #28 
                 - Bonuses?  ProSense   Mar-12-09 01:38 PM   #32 
                    - Many companies are even cutting pay  karynnj   Mar-12-09 01:43 PM   #34 
                       - This was one thing that struck me about Northern Trust  ProSense   Mar-13-09 12:13 AM   #66 
              - i agree with you on this one - it has nothing to do with making the banks healthier  karynnj   Mar-12-09 02:08 PM   #37 
        - Actually, the MANAGEMENT of these banks and CERTAIN DIVISIONS  beachmom   Mar-12-09 10:12 AM   #18 
           - "it IS social engineering to start making demands on banks "  ProSense   Mar-12-09 01:10 PM   #25 
              - Yes, criteria that makes sense. Like limiting dividends.  beachmom   Mar-12-09 01:26 PM   #27 
                 - Criteria that protects from futher abuses.  ProSense   Mar-12-09 01:35 PM   #30 
                    - Ah, Obama does not want to nationalize the banks.  beachmom   Mar-12-09 01:40 PM   #33 
                       - Obama is going to do whatever it takes.  ProSense   Mar-12-09 01:57 PM   #35 
                          - I think you misread my complaint here.  beachmom   Mar-12-09 02:10 PM   #38 
  - The Drum article takes as truth many things that really aren't  karynnj   Mar-12-09 07:57 AM   #16 
  - I don't feel an ounce of sympathy for the financial institutions.  ProSense   Mar-11-09 03:39 PM   #4 
  - Well, in the end, this is for the common good.  beachmom   Mar-11-09 04:04 PM   #7 
  - H1B visas are for jobs that cannot be fulfill by US residents.  Mass   Mar-11-09 05:36 PM   #8 
     - I just think that provision should not be in the law. Also, people  beachmom   Mar-11-09 07:59 PM   #9 
        - Where do you see it is (or should be?)?  Mass   Mar-11-09 09:12 PM   #11 
           - Well, the union part is not in the law. It is simply that Unions  beachmom   Mar-12-09 09:56 AM   #17 
  - The fight and who is to blame:  beachmom   Mar-12-09 11:15 AM   #20 
  - What?  ProSense   Mar-12-09 01:01 PM   #23 
     - The damage was already done WELL before 2004.  beachmom   Mar-12-09 01:15 PM   #26 
        - Now you're moving the post: "most of it happened under Bill Clinton's watch."  ProSense   Mar-12-09 01:32 PM   #29 
        - Well, by all means, please post that speech. I have not read it.  beachmom   Mar-12-09 01:36 PM   #31 
           - Legislation  ProSense   Mar-12-09 02:02 PM   #36 
              - more bills filed and pertinent info  TayTay   Mar-12-09 02:14 PM   #39 
              - The Republicans held power from '94 to '06. But I want to know  beachmom   Mar-12-09 02:21 PM   #41 
              - Personal aside: ARRRRGGGHHHHHHH  TayTay   Mar-12-09 02:31 PM   #42 
              - The legislation you have posted, although praiseworthy, would  beachmom   Mar-12-09 02:14 PM   #40 
                 - "although praiseworthy"?  ProSense   Mar-12-09 02:38 PM   #43 
                    - That legislation did nothing in relation to the lax regulation  beachmom   Mar-12-09 03:21 PM   #44 
                       - You started with the FDIC, move to the Clinton years and now want specific statements about Gramm?  ProSense   Mar-12-09 04:05 PM   #45 
                          - More  ProSense   Mar-12-09 04:17 PM   #46 
                          - Yes, Elliot Spitzer broke this case. Did this legislation pass?  beachmom   Mar-12-09 04:40 PM   #48 
                          - I take a holistic approach to this, and have read considerably  beachmom   Mar-12-09 04:32 PM   #47 
                             - This is revisionist history.  ProSense   Mar-12-09 05:03 PM   #50 
                                - Conference report vote here.  Mass   Mar-12-09 05:11 PM   #51 
                                   - Right,  ProSense   Mar-12-09 05:16 PM   #52 
                                   - I wonder what vote that was that the Kossak provided.  beachmom   Mar-12-09 06:56 PM   #55 
                                   - This was the consolidated budget  karynnj   Mar-12-09 06:19 PM   #54 
        - The excesses of Freddie and Fannie was in buying loans  karynnj   Mar-12-09 04:56 PM   #49 
           - The other thing that's really bizarre in all this  ProSense   Mar-12-09 05:50 PM   #53 
           - The vote in the Congress for the FDIC vote was a VOICE VOTE.  beachmom   Mar-12-09 07:00 PM   #56 
              - That's not necessarily the case.  ProSense   Mar-12-09 07:04 PM   #57 
                 - True, but the only one who championed for assessing more fees  beachmom   Mar-12-09 07:12 PM   #59 
           - Re: derivatives  beachmom   Mar-12-09 07:10 PM   #58 
              - Wait a minute.  ProSense   Mar-12-09 07:18 PM   #60 
              - Oh, for goodness sake, I know that. I sifted through the lists.  beachmom   Mar-12-09 07:27 PM   #62 
                 - "No doubt some of that $$ was about something else, not influence"?  ProSense   Mar-12-09 07:36 PM   #63 
                 - Yes - I will deny it.  karynnj   Mar-12-09 08:32 PM   #64 
                 - It is impossible to know motive for all these folks  TayTay   Mar-13-09 09:17 AM   #67 
              - The original sin with Fannie And Freddie is deeper than that.  TayTay   Mar-12-09 07:26 PM   #61 
              - One problem with the Financial Crimes Division:  beachmom   Mar-13-09 12:12 PM   #69 
                 - Yeah, but it wasn't legal for a long while, then it was  TayTay   Mar-13-09 12:39 PM   #71 
              - The money that Kerry got was because he was the Presidential candidate  karynnj   Mar-12-09 09:19 PM   #65 
                 - It is not quid pro quo per se. It is in a grey area. Democrats  beachmom   Mar-13-09 12:04 PM   #68 
                    - The Democrats on the banking committe - which Kerry was NOT on at that time  karynnj   Mar-13-09 12:28 PM   #70 
  - Wow, over 1485 views on this thread!  TayTay   Mar-12-09 12:51 PM   #22 
  - Why the anger?  beachmom   Mar-13-09 01:10 PM   #72 
     - "Sorry, he DESERVES defense when he does good things. But I just don't see him as a Hero..."  ProSense   Mar-13-09 01:26 PM   #73 
     - You have yet to show John Kerry doing any big thing to stop  beachmom   Mar-13-09 01:36 PM   #74 
     - Do you mean singlehandedly?  ProSense   Mar-13-09 02:11 PM   #79 
        - The death of a thousand cuts was how our regulatory  beachmom   Mar-14-09 11:23 AM   #82 
           - You talk about this crisis as if it's the first one since 1984.  ProSense   Mar-14-09 03:27 PM   #84 
     - Part of the problem is wanting villians  karynnj   Mar-13-09 01:48 PM   #75 
        - Did you read the Wired article I linked to upthread?  beachmom   Mar-13-09 01:58 PM   #77 
     - I do not think Finance is an area where Kerry has even been very active.  Mass   Mar-13-09 01:51 PM   #76 
        - "A flaw in the system". Yup.  beachmom   Mar-13-09 02:01 PM   #78 
        - Mass, do you think it's possible that many in the Senate...  YvonneCa   Mar-14-09 10:04 AM   #80 
           - I do not disagree with you, but this does not change the problem.  Mass   Mar-14-09 10:45 AM   #81 
              - You aren't 'rambling'...  YvonneCa   Mar-14-09 11:49 AM   #83 
 

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