Saturday, September 19, 2009

A New Series

We here at Savenassau want to take the opportunity to announce a new series. This week, Tom Suozzi released his new budget. We're going to go through it line by line and expose the fallacies it it.

First, let's look at his sales tax revenue projections. Tom projects that tax revenue will recover from a precipitous drop this year and last year. This recovery will allow him to continue to increase spending and balance the budget in time for his run for AG.

He's projecting a 7% bump in revenue. You look in your wallet and tell me-- will you spend more next year after the harrowing events of the last year? If you spend more, will you spend 7% more? Historic data since 2001 shows that there has NEVER been an increase of that magnitude. Ben Bernake predicts a slow recovery. Others predict a jobless recovery. They are trained economists. Tom has a degree in Bankrupting viable municipal entities. But even so, he knows better and predicts that the economy will go from 20mph in reverse to 150 in a second. All while Nassau continues to lose population due to his high taxes.

Yeah right. Get ready for another bump in tax rates if we don't wake up and vote this guy out.

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