Weekly Wrap-Up

We’re wrapping up another week, and here’s what we know, based on the news stories we’ve seen over the past few days...

Thanks to the latest fundraising numbers, we know that Gov. Paterson is still in big trouble thanks to Andrew Cuomo...

http://tinyurl.com/mtsca4

According to The New York Times, “Mr. Cuomo now has $10.1 million on hand, nearly twice what the governor is reporting.” We know people don’t invest money in something or somebody they don’t have much confidence in. Bad news for Gov. Paterson.

Thanks to the Congressional Budget Office, we know that the socialized health care plan that President Obama and Senator Schumer are pushing in Washington will NOT save money, as they’ve been promising. Truth is, it will cost us a bundle.

http://tinyurl.com/nzabay

“Congress’ budget watchdog warned Thursday that Democrats’ health care bills would not lower skyrocketing costs and would drive up government spending,” The Washington Times reports, “undermining one of President Obama’s chief arguments for the overhaul.”

And we also know how New York’s own Charlie Rangel and the Democrats in Washington want to pay for all this new spending: Higher taxes. That’s the “best way,” according to Rangel...

http://tinyurl.com/l2xg8q

The best way for who, exactly? Not for New Yorkers...

http://tinyurl.com/lkxvfz

According to The New York Post, “New York's top income bracket could reach as high as 57 percent -- rates not seen in three decades -- to pay for the massive health coverage proposed by House Democrats this week.”

House Speaker Nancy Pelosi claims that higher taxes are a way to make sure that “middle-income people in our country are not touched" by the costs of government-run health care. We know that’s not true. Does Nancy Pelosi seriously believe that “middle-income” people in New York won’t lose their jobs when companies are forced out of business by higher taxes – or when businesses leave New York and relocate to states where taxes aren’t sky-high?

The Speaker has about as much economic savvy as Vice-President Joe Biden, who we know has a very difficult time keeping his foot out of his mouth...

http://tinyurl.com/nguyr8

Here is the Vice-President’s view of fiscal responsibility: “We have to go spend money to keep from going bankrupt.”

Well, the federal deficit is expected to hit almost $2 trillion this year. I guess that means Joe Biden, Nancy Pelosi and Barack Obama think they are trying really hard to keep us from going bankrupt, right?

We know that it’s shaping up to be a nice weekend in New York City
(http://tinyurl.com/3xmtl3).

Wherever you are, I hope you have a great weekend!