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Mr. Giuliani, who has often boasted that he has kept increases in city spending below the rate of inflation and described it as one of his most important fiscal achievements, said that spending for the next fiscal year would rise by only six-tenths of 1percentt.
Although the fights certainly got nasty, most important fiscal legislation in that decade was bipartisan.
"As the state's chief fiscal officer, I have an obligation to comment on important fiscal matters," he said.
But making these projections is what the Independent Budget Office must do to fulfill its role of keeping New Yorkers informed about important fiscal issues.
By approaching these negotiations comprehensively, with a strong signal of support from you, we believe that we can achieve consensus on these important fiscal issues.
He indicated yesterday that he would fight on, uncompromisingly, in effect rejecting the counsel of the state's most important fiscal voice in Washington.
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And pushing the all-important fiscal reforms through an opposition-dominated Congress will require decisive leadership from Mr de la Rua.
The Treasury Secretary who for some unfathomable reason is Obama's negotiator-in-chief on the fiscal slope is meeting with Speaker of the House John Boehner and others in Congress today for all-important fiscal talks.
"They need to get on with the really important stuff: fiscal union, banking reform, debt mutualisation".
France has resisted cutting spending or delaying tax cuts, arguing that staving off recession is more important than fiscal orthodoxy.
"Turning Medicaid into a block-grant program would have distributional consequences for enrollees, threaten state budgets, and eliminate an important countercyclical fiscal tool.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com