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Border by the way you mentioned -- we're -- Tom Golisano he's the owner.
Of those the Buffalo Sabres -- here right now hockey team and he went.
From New York took his five million dollars a year that he would be spending -- state taxes took all of -- -- down to Florida which is a no tax state.
I did was -- a wake up call for anybody in Albany.
Well I hope so -- that Rush Limbaugh.
Did the same thing and the reality is that it did that many people going to be leaving New York as a result of attacks and we're not even going to.
Be able to collect the revenues that we've projected -- I think job creation is what New York needs the most.
And obviously Tom Golisano did that when he was and why do you view -- -- New Jersey had the same problem violent Californians have the same problem.
Latest Maryland as well in America I briefly -- tax production.
When you increase the taxes people go either to play their assets differently than that aren't.
So it's not as my job creation -- than that a little while low tax state.
On the on the friends they do this.
So that's not way out either even if it's a three year deal.
-- the -- that's an -- then have to say how that's gonna work out so we'll see how much we collect from it.
But what we inevitably wound up recognizing.
Is there's no ideology in a recession.
-- what the conservatives want we should do.
And what the people consider those progressives want we need to do all those things because states unlike the federal government can't print money we have to balance our -- every year.
What I think things really get to look for now is balancing.
The out year deficits.
And New York can actually get rid of if we were to.
To recognize that we have to live within our means which every American citizen learned a little more about it last year.
I talked to I talked to what are your governor colleagues governor Rick Perry not long -- from Texas.
He says there's no secret to why we are attracting people here in Texas why Dallas is bucking the trend.
And having real estate actually increase in -- in value and having.
Net increase in population because we don't have any state taxes and we managed to keep our budget under control.
He wonders and -- I should be sincere why other governors of other states don't get it.
Well he actually turned down the stimulus money.
And his says -- was in surplus until a few months ago it's kind of -- into deficit you and I think that they have a planted to get themselves out of deficit and he and I disagree on a lot of things -- tell you what when you have your budget close to being balanced right now.
In this fiscal crisis in this national recession.
You've got to take your hat off to the people been able to do it you know one of the things and -- do would be helpful for all of us I mean for me included I think you could probably sell a tax increase if you could.
The cuts are are really.
Major cuts that you you few races on taxes or try to raise -- dollar that you've got.
You know -- little box and I and it's and I savings we hope that's very hard -- I hope there's not that has to be I hope this isn't confusing.
But the only other time New York rampant debt like eighteen billion dollars was when we ran up a debt of about eleven billion eleven -- have billion dollars right after September 11.
If you subtract this stimulus money from this year's.
Deficit that that the money was alleviated by the stimulus money ran the budget deficit that we approach was about eleven -- billion dollars.
We actually cut six point six billion dollars which is twice what they cut in 2002 the last time this happened.
You know lost in all of this was that this was twice the cutting that it ever but -- been -- no one said that you could.
-- health care system we cut 2.3 billion dollars that met out of Medicaid.
And have shifted the cost to community clinics as opposed to hi in patient cost that we find in health care system drives up the rates.
Now I got I got asked by the way the millionaire protect the so called millionaire tax in New York which.
Cut and it 200000.
Dollars for an individual I guess 300000 dollars -- couple that it -- and renamed it.
It's not a millionaire's tax -- -- 200000 culprits acts and by the way it lifts the income -- stating objection actually over 12% enacting new -- -- -- 300.
Thousand dollar family right and no different over -- -- than what we were.
Able to you know it was a graduated tax.
That -- inevitably hit that it -- so wasn't that much.
For people -- -- thousand dollars a year but I think that the problem.
Is going to be that we're still gonna have deficit -- still in the recession we're still trying to manage -- way out of a crisis.
And the tax issue is now off the table.
So now that's off the table people gonna have to understand that would have to tighten -- belts even further in our next fiscal year.
Where even though our budget is -- -- -- -- my fear is everyone's gonna think.
That the crisis is over when we start the party again.
We got in more trouble.
In in the ninety's when the Dow Jones average quadrupled between 1990 and 1998.
But somehow in New York we managed to outspend.
Even the integrated resource that they came into our economy right unbelievable governor Paterson we got to leave it at that thank you very much for joining -- you may appreciate you very much.
Thank you governor.
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