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Comptroller ‘Backflips’

Posted by Team Wilson - Tue, June 15, 2010 at 11:14 AM

An excerpt from today's New York Times piece, titled "Comptroller Backflips on Pension Borrowing"

 

ALBANY — State Comptroller Thomas P. DiNapoli is trying some political acrobatics as he voices opposition to thetentative deal reached by state leaders last week to borrow billions of dollars from the state pension fund.
“Let me be very clear,” Mr. DiNapoli said in a statement Monday. “The pension fund will not be used to balance the budget.”
Here’s the rub. The plan to allow the state to borrow from its pension fundoriginated with Mr. DiNapoli, who has been pushing it since last year. In fact, his plan would allow an even greater amount of borrowing than the agreed plan, and for an unlimited period of time.
Yet on Monday, he was holding himself up as the defender of the pension fund against the plan, and being hailed by labor unions for doing so.

ALBANY — State Comptroller Thomas P. DiNapoli is trying some political acrobatics as he voices opposition to thetentative deal reached by state leaders last week to borrow billions of dollars from the state pension fund.“Let me be very clear,” Mr. DiNapoli said in a statement Monday. “The pension fund will not be used to balance the budget.”

Here’s the rub. The plan to allow the state to borrow from its pension fundoriginated with Mr. DiNapoli, who has been pushing it since last year. In fact, his plan would allow an even greater amount of borrowing than the agreed plan, and for an unlimited period of time.

Yet on Monday, he was holding himself up as the defender of the pension fund against the plan, and being hailed by labor unions for doing so.

 

Read the full article

 

Comments

#1. Posted by Nelson Doles on June 15, 2010

Seriously?! DiNapoli was the guy who floated the idea, no? And no hes backpedaling from it? Or he was claiming credit for something that wasn’t his idea… either way- This guy doesn’t deserve to be the Comptroller!

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