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New
York's taxes and debt burden are too high, New York's attorney
general told business leaders last month.
The
Business Review, a business weekly newspaper circulating
in the Capital Region, quoted Eliot Spitzer as saying, "We
[in state government] have not shown the fiscal restraint
that you in the private sector are obligated to show."
The
article added: "State government needs to control its spending
and its debt load to make New York competitive with Ohio,
North Carolina, and India and China as well, he said." Spitzer
added that both Republican and Democratic administrations
have tended to over-spend and over-borrow, the article added.
Spitzer,
a Democrat, spoke Oct. 23 to the Albany-Colonie Regional Chamber
of Commerce.
Spitzer
has sounded similar themes in the past.
For
example, in Sept. 16 remarks to the Association for a Better
New York, Spitzer argued that government's role "is not to
protect the status quo, but rather to help guide the state
and its citizens through periods of profound change."
This
means that, as New York's economy changes, government must
provide economic opportunities, identify and nurture engines
of economic growth, and create and retain good jobs.
New
York is not now doing that, he said.
"How
can we say that [we're doing that] when our population and
job retention rates are so low . . . . [and] when the tax
burden and debt are so high?"
In
both recent speeches, Spitzer also criticized public authorities,
which he compared to off-balance sheet partnerships at Enron.
"They are breeding grounds for inertia, incompetence,
and, at times, worse," he said in September.
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