http://capitaltonightny.ynn.com/2011/05/brodsky-talks-authorities-reform/ NY's only statewide political program Thu, 23 May 2013 06:34:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://capitaltonightny.ynn.com/2011/05/brodsky-talks-authorities-reform/comment-page-1/#comment-25103 Anonymous Fri, 06 May 2011 03:07:00 +0000 http://capitaltonightny.ynn.com/?p=37260#comment-25103 And is he working on a Trump-style comb-over? And is he working on a Trump-style comb-over?

]]> http://capitaltonightny.ynn.com/2011/05/brodsky-talks-authorities-reform/comment-page-1/#comment-25102 Anonymous Fri, 06 May 2011 03:06:00 +0000 http://capitaltonightny.ynn.com/?p=37260#comment-25102 This is easy! We can spend money to eliminate the authorities that DON'T cost any money! Did Brodsky need a kidney transplant or a new brain? Those authorities -- revenue bonds or not, are called MORAL obligation bonds, which don't have the full faith and credit, but to default, or to break the covenants of bonds, would be the NYS version of not increasing the national debt limit. This is easy! We can spend money to eliminate the authorities that DON’T cost any money! Did Brodsky need a kidney transplant or a new brain? Those authorities — revenue bonds or not, are called MORAL obligation bonds, which don’t have the full faith and credit, but to default, or to break the covenants of bonds, would be the NYS version of not increasing the national debt limit.

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