George Marlin writes in today’s New York Post - “After years of flagrant over spending, fiscal conjuring, ever-increasing taxes, fees and reliance on one-shot revenues, it appears Albany’s fiscal day of reckoning is at hand.

With the 2010-2011 budget deficit at $9 billion and recurring deficits projected for as far as the eye can see, if the governor and Legislature do not curtail their spendthrift ways and do not implement far-reaching internal reforms to control spending, pension obligations and perks, the economic recovery could be stalled. The state’s bond rating also could fall below investment grade, thus closing doors to additional tax-exempt financing due to the loss of investor confidence. ”

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