New York's Cut From Stimulus Package: Schumer Says $5 Billion; Bloomberg Says NOT

U.S. Senator Charles Schumer is talking Federal aid, a lot of it, but he is talking entitlements rather than bricks and mortar, reported Reuters

"New York's (Medicaid) matching rate could be temporarily increased by approximately 10 percent -- resulting in at least $5 billion a year," said Schumer, a Democrat. "This money would be injected directly into the state coffers and could help defray budget cuts and future tax hikes."

So more money for Medicaid is Schumer's solution?

How about less money for one union that had benefited nicely from Medicaid bloat, 1199?

Meanwhile, the Politicker reported New York City Mayor Michael Bloomberg rightfully skeptical of the funding ever showing up or how the funding would be managed.

Bloomberg's right. Albany's fingers are too sticky.

At least he's also up front about a fiscal "reckoning" coming.

Comments

[Daryl]

I hope the stimulus helps New York.