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Tuth

Utica, NY

#21 Feb 6, 2013
help wrote:
When the US government debt was downgraded, we had cerminaro on the radio saying how well tye city was in good financial shape. Shortly after, he turns into borrowinaro. Michael took us all for a bunch of fools. He was soliciting applications for director of economic development a week before the election. This man is looney.
Do you think he's that smart? I don't.

A while back I heard Councilman Marino on WUTQ kind of pushing the city is good financial shape scenario by saying the city was only at 56% of its' maximum borrowing limit. That's like saying I'm in good financial shape because I'm only at 56% of the credit limit on my credit card. Are these guys for real?

In the end it doesn't matter what any of them says really. If they don't make the hard decisions and the necessary cutbacks it will be simple mathematics that catches up with them. Simple math will trump the politics of self preservation and the greed of the unions. Reality is that they cannot keep spending at the level they are, borrowing at the level they are and have the staff levels they do indifinitely.
haha

Utica, NY

#22 Feb 6, 2013
Tuth wrote:
<quoted text>
Do you think he's that smart? I don't.
A while back I heard Councilman Marino on WUTQ kind of pushing the city is good financial shape scenario by saying the city was only at 56% of its' maximum borrowing limit. That's like saying I'm in good financial shape because I'm only at 56% of the credit limit on my credit card. Are these guys for real?
In the end it doesn't matter what any of them says really. If they don't make the hard decisions and the necessary cutbacks it will be simple mathematics that catches up with them. Simple math will trump the politics of self preservation and the greed of the unions. Reality is that they cannot keep spending at the level they are, borrowing at the level they are and have the staff levels they do indifinitely.
It's even worse than that. First, he doesn't know what he's talking about. We're pushing 70% of our Constitutional Tax Limit. We were over 60% in 2010. Second, that's just how much we can TAX, which is 90% of our revenue and costs aren't going down. Third, we have no reserves, no water fund money and a growing debt that has eclipsed our annual budget.

Finally, with all of that said, we had FOUR credit rating decreases in ONE year. That's a record. And it just happened to be the first year in office for this administration and Marino, Testa, Colosimo and Meola.

And to add insult to injury, despite the illusion of fighting with Cerminaro, Cerminaro, Palmieri, Meola and all of them are supporting Fiorello to be the next Comptroller. You tell me what will change?
How About

United States

#23 Feb 10, 2013
teddy wrote:
Dellerba or demme, pick your poison
Did u mean to say prison?
Freebie the Bean

Cortland, NY

#24 Feb 10, 2013
The only thing Cerminaro should be noted for is when he challenged Roefaro on paying that law firm from the GroWest investigation. Roefaro had some goombahs in that firm. They did perform legal work for the city but Cerm. balked when the bill came due because he said the city has its own lawyers to do the job.

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