The Latest

Don’t Be Wieners: A Fleeting Chance to Grow the Ferry System

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With the Second Avenue Subway, the Long Island Railroad to Grand Central, and other major rail projects planned, borrowed for, financially diverted from and abandoned, in some cases several times, new politicians on the block face a dilemma.  Come up with even more money to carry out those plans, and they get the blame for the cost and disruption while the irresponsible pols that preceded them get credit for the improvement.  Fail to do so and they might get blamed for the absence of such improvements.  Thus, a few ambitious up and comers have hit upon water transportation as a new mode they can get credit for supporting, and have hit upon calls for public subsidies as a way to get their name in the news.  Unfortunately, such subsidies would divert scarce resources from the existing subway system most New Yorkers rely on, to a new luxury mode that almost exclusively serves the better off — and relatively few of them at that.  On a populist basis, such a proposal is easily and fairly attacked.  There is, however, a potential transformational investment to that very subway system, one not on anybody’s radar screen, that would permanently increase the potential of ferry service as a transport mode.  The opportunity to make that investment is about to close as a result of a development that would be built in its path.  That investment is…

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Don’t Be Wieners: A Fleeting Chance to Grow the Ferry System

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With the Second Avenue Subway, the Long Island Railroad to Grand Central, and other major rail projects planned, borrowed for, financially diverted from and abandoned, in some cases several times, new politicians on the block face a dilemma.  Come up with even more money to carry out those plans, and they get the blame for the cost and disruption while the irresponsible pols that preceded them get credit for the improvement.  Fail to do so and they might get blamed for the absence of such improvements.  Thus, a few ambitious up and comers have hit upon water transportation as a new mode they can get credit for supporting, and have hit upon calls for public subsidies as a way to get their name in the news.  Unfortunately, such subsidies would divert scarce resources from the existing subway system most New Yorkers rely on, to a new luxury mode that almost exclusively serves the better off — and relatively few of them at that.  On a populist basis, such a proposal is easily and fairly attacked.  There is, however, a potential transformational investment to that very subway system, one not on anybody’s radar screen, that would permanently increase the potential of ferry service as a transport mode.  The opportunity to make that investment is about to close as a result of a development that would be built in its path.  That investment is…

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Don’t Be Wieners: A Fleeting Chance to Grow the Ferry System

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With the Second Avenue Subway, the Long Island Railroad to Grand Central, and other major rail projects planned, borrowed for, financially diverted from and abandoned, in some cases several times, new politicians on the block face a dilemma.  Come up with even more money to carry out those plans, and they get the blame for the cost and disruption while the irresponsible pols that preceded them get credit for the improvement.  Fail to do so and they might get blamed for the absence of such improvements.  Thus, a few ambitious up and comers have hit upon water transportation as a new mode they can get credit for supporting, and have hit upon calls for public subsidies as a way to get their name in the news.  Unfortunately, such subsidies would divert scarce resources from the existing subway system most New Yorkers rely on, to a new luxury mode that almost exclusively serves the better off — and relatively few of them at that.  On a populist basis, such a proposal is easily and fairly attacked.  There is, however, a potential transformational investment to that very subway system, one not on anybody’s radar screen, that would permanently increase the potential of ferry service as a transport mode.  The opportunity to make that investment is about to close as a result of a development that would be built in its path.  That investment is…

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Yvette Clarke Picks Up Big Momentum

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In the race for Brooklyn’s 11th Congressional District, Yvette Clarke is picking up momentum ("Big Mo"- as it is called). She has snagged the endorsement of the powerful  Health Workers (1199) Union. She has also snagged the endorsement of another major trade union: 32BJ.

Added to these endorsements, is another from city-councilmember Darlene Meily. Ms. Clarke – the only woman in the race – has been picking up endorsements left and right of late, and seems to be trying to make up for her lacklustre fundraising.

Most pundits seem to think that she is the frontrunner in this race. 

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Twenty Years From Now Public Employee Pensions Will Not Be Paid!

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Imagine it’s 20 years from now, the year 2026.   After 43 years in which Social Security payroll taxes had been greater than Social Security payments, with the surplus used to finance the rest of the federal government (but also promised to future retirees), the Social Security system will have begun to run a deficit in 2018.  Taxes will have been substantially increased, and many kinds of federal spending (housing subsidies at the top of the list) slashed to pay Social Security back, but now Congress has no choice but to bite the bullet and drastically slash Social Security benefits for future retirees.  That’s bad for the 50% of private sector workers who have no retirement plan other than Social Security, and bad for the additional 30% who only have a 401K plan – a plan they now realize has nowhere near enough money to pay for decent retirement.   The poverty rate among the elderly, who have been the richest and most privileged of Americans for the past 60 years, begins to soar.

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Twenty Years From Now Public Employee Pensions Will Not Be Paid!

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Imagine it’s 20 years from now, the year 2026.   After 43 years in which Social Security payroll taxes had been greater than Social Security payments, with the surplus used to finance the rest of the federal government (but also promised to future retirees), the Social Security system will have begun to run a deficit in 2018.  Taxes will have been substantially increased, and many kinds of federal spending (housing subsidies at the top of the list) slashed to pay Social Security back, but now Congress has no choice but to bite the bullet and drastically slash Social Security benefits for future retirees.  That’s bad for the 50% of private sector workers who have no retirement plan other than Social Security, and bad for the additional 30% who only have a 401K plan – a plan they now realize has nowhere near enough money to pay for decent retirement.   The poverty rate among the elderly, who have been the richest and most privileged of Americans for the past 60 years, begins to soar.

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Twenty Years From Now Public Employee Pensions Will Not Be Paid!

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Imagine it’s 20 years from now, the year 2026.   After 43 years in which Social Security payroll taxes had been greater than Social Security payments, with the surplus used to finance the rest of the federal government (but also promised to future retirees), the Social Security system will have begun to run a deficit in 2018.  Taxes will have been substantially increased, and many kinds of federal spending (housing subsidies at the top of the list) slashed to pay Social Security back, but now Congress has no choice but to bite the bullet and drastically slash Social Security benefits for future retirees.  That’s bad for the 50% of private sector workers who have no retirement plan other than Social Security, and bad for the additional 30% who only have a 401K plan – a plan they now realize has nowhere near enough money to pay for decent retirement.   The poverty rate among the elderly, who have been the richest and most privileged of Americans for the past 60 years, begins to soar.

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Twenty Years From Now Public Employee Pensions Will Not Be Paid!

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Imagine it’s 20 years from now, the year 2026.   After 43 years in which Social Security payroll taxes had been greater than Social Security payments, with the surplus used to finance the rest of the federal government (but also promised to future retirees), the Social Security system will have begun to run a deficit in 2018.  Taxes will have been substantially increased, and many kinds of federal spending (housing subsidies at the top of the list) slashed to pay Social Security back, but now Congress has no choice but to bite the bullet and drastically slash Social Security benefits for future retirees.  That’s bad for the 50% of private sector workers who have no retirement plan other than Social Security, and bad for the additional 30% who only have a 401K plan – a plan they now realize has nowhere near enough money to pay for decent retirement.   The poverty rate among the elderly, who have been the richest and most privileged of Americans for the past 60 years, begins to soar.

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NY Times Endorsements

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There is a general belief among people active in politics that a candidate who challenges his or her opponent’s petitions forfeits any chance of receiving the New York Times endorsement or at the very least guarantees criticism by The Times of such “undemocratic” tactics.

Many, including me, think that fear is what prevented the Ferrer campaign from challenging the petitions of Christopher Brodeur & Art Piccolo for Mayor even though leaving them on the ballot increased the likelihood of a Primary Run-off.

I don’t agree with this view. I think that the Times Editorial Board considers a number of factors in deciding whom to endorse and whether a candidate takes advantage of the election law is a relatively minor one.

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The Michael Moore Democrats

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I have been recently been taken to task for my use of the phrase “the Michael Moore wing of the Democratic Party”. Given the use of the term “Michael Moore Democrats” by Republicans who’d like to tar us all, I think it is important to draw the distinction in my use. My usage is to make clear that while this tendency does exist, and exemplifies a strong and virulent strain of thought on the American left, it should not be used as a broad brush to tar us all. Frankly, the Moore group is smaller than it appears; unfortunately, the problem is twofold; its prominence among the media, which magnifies its importance to observers in the punditocracy and the heartland, and its malignant influence among other liberals who really do not believe in the same mindless kant. One reader said to me “I am damned proud to be a Michael Moore Democrat.”  However, I don’t think he really understands what he is saying.

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