From the Neighborhood Retail Alliance:
So, when Bloomberg says that Albany has been, "...spending more than they're taking in for a long time," does he begin to see the ironic tone and implications of his remarks? The reality is that Albany balances its budget the same way that the city does-by raising taxes to cover the short fall; and damn the economic consequences to the state's businesses and tax payers. Heaven forbid that either entity reduce the size of the government's payroll so that the folks footing the bill can take a modest breathe.
The Bloomberg critique, then, is a manifestation of a man who has apparently lost his grip on reality-and believes that, with his vast fortune, he can spend enough dough to bamboozle enough suckers to accept that he is a fiscal steward worth retaining in office. What the people need to realize, however, is that with this latest sales tax hike, the mayor has transformed his vaunted five borough economic plan into an expanded campaign that now encompasses two states; and it is the Garden State and Paramus Park Malls that are now poised to reap the benefits of Bloomberg's beneficence.
The harsh reality is that the city and state are facing some drastic economic predicaments-and from what we've seen, neither David Paterson nor Mike Bloomberg is suited to the task of successfully addressing the situation so that New York can recover quickly from this meltdown. New leadership is needed on both the city and state levels.