Author Topic: Brooklyn Bridge for sale?  (Read 726 times)

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Offline franksolich

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Brooklyn Bridge for sale?
« on: July 30, 2008, 10:18:03 PM »
http://www.nypost.com/seven/07302008/news/regionalnews/crisis_puts_ny_in_sell_hell_122211.htm

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CRISIS PUTS NY IN 'SELL' HELL
GOV EYES BRIDGE, ROAD PRIVATIZING

Gov. Paterson yesterday calls for a special session of the Legislature to close a ballooning budget gap.

ALBANY - Warning of an approaching economic calamity, Gov. Paterson yesterday called an emergency session of the state Legislature - and raised the specter that New York may have to sell off roads, bridges and tunnels to close a massive budget deficit.

In a rare televised address, the Democratic governor cited "private-public partnerships" involving the sale of state assets - widely condemned by critics as fiscal gimmickry - as one way to stem a tide of red ink brought on by the sagging economy and woes on Wall Street.

Wow.  I didn't know Attica prison was sold.

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The "sale" of state assets has been tried in the past during difficult economic times and has been met with condemnation from budget watchdogs.

The most famous - or infamous - example: former Gov. Mario Cuomo's sale of Attica prison to a semi-independent state agency in 1991 to raise $200 million. Many critics noted that the bond sale cost the state hundreds of millions extra over the next few years.

I thought things were hunky-dory, peachy-keen, in blue states.  What gives?
apres moi, le deluge

Offline Uhhuh35

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Re: Brooklyn Bridge for sale?
« Reply #1 on: July 30, 2008, 10:46:12 PM »
It's hard out there for a Lib! It's getting more difficult for them to find enough suckers to finance their dreams. California is suckin' serious canal water too.
"Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."
— Albert Einstein.

Offline Wretched Excess

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Re: Brooklyn Bridge for sale?
« Reply #2 on: July 30, 2008, 11:41:42 PM »


so much for that famous saying, "and if you believe that, I got a bridge in brooklyn . . . ."