{"id":6935,"date":"2012-02-03T11:11:14","date_gmt":"2012-02-03T16:11:14","guid":{"rendered":"https:\/\/www.bridgeandtunnelclub.com\/blog\/?p=6935"},"modified":"2012-02-03T11:15:48","modified_gmt":"2012-02-03T16:15:48","slug":"thats_why_you_want_a_businessman_in_office","status":"publish","type":"post","link":"https:\/\/www.bridgeandtunnelclub.com\/blog\/archives\/2012\/02\/thats_why_you_want_a_businessman_in_office.html","title":{"rendered":"That&#8217;s Why You Want A Businessman In Office"},"content":{"rendered":"<p>Because only a businessman really understands <a href=\"http:\/\/www.nypost.com\/p\/news\/local\/bloomberg_being_pension_spread_costs_QS9sP1SBz8y9YEwcoBz0DI\">creative accounting<\/a>:<\/p>\n<blockquote><p><em>Mayor Bloomberg will be able to balance next year&#8217;s $70 billion budget because higher pension costs are being spread over 22 years &#8212; with the largest part of the bill coming due at the tail end, The Post has learned.<\/p>\n<p>Sources said that arrangement means Bloomberg only has to spend an extra $575 million next year for pensions, instead of the $1 billion he had already set aside.<\/p>\n<p>&#8220;It&#8217;s going to give them $425 million more for balancing the budget,&#8221; said one source. &#8220;That&#8217;s basically how they&#8217;re getting through this.&#8221;<\/em><\/p><\/blockquote>\n<p>But what does anyone care as long as headlines read <a href=\"http:\/\/www.nydailynews.com\/new-york\/brighter-bloomberg-budget-tap-article-1.1015825\">&#8220;Brighter Bloomberg budget is on tap: Budget watchdogs predict this year&#8217;s $70 billion budget will be far rosier than last year&#8221;<\/a> or even <a href=\"http:\/\/www.nytimes.com\/2012\/02\/03\/nyregion\/mayor-bloombergs-budget-avoids-tax-rises-or-broad-layoffs.html\">&#8220;As Fiscal Cloud Lifts, Mayor Offers a Budget Free of Tax Increases or Broad Layoffs&#8221;<\/a>?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because only a businessman really understands creative accounting: Mayor Bloomberg will be able to balance next year&#8217;s $70 billion budget because higher pension costs are being spread over 22 years &#8212; with the largest part of the bill coming due at the tail end, The Post has learned. Sources said that arrangement means Bloomberg only [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-6935","post","type-post","status-publish","format-standard","hentry","category-follow_the_money"],"_links":{"self":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/6935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/comments?post=6935"}],"version-history":[{"count":4,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/6935\/revisions"}],"predecessor-version":[{"id":6939,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/6935\/revisions\/6939"}],"wp:attachment":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/media?parent=6935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/categories?post=6935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/tags?post=6935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}