Yesterday at a forum with Congressman Steve Israel Kevin Law CEO of LIPA stated about the economic stimulus package that LIPA is "going to be the first in line, ready to go" when funds are made available.
So let's get this straight. It's very clear that LIPA spends money irresponsibly. There are numerous examples of this all over this website and forum. Their sweetheart deals with National Grid cause them to operate with an unbelievably bloated bureaucracy. By now the LIPA bonds were supposed to be largely paid off. What did LIPA do? They sold more bonds so the debt now is actually higher than it was when it started. The State Controller is conducting an audit of LIPA and already has reported financial improprieties. So what's the right thing to do? Let's give'em more.
On a different note. Last week Long Island Business News proclaimed Kevin Law one of the 7th Greenest People on LI. Sure he's the greenest. He's the one taking all of our green.
We are sheep for the sheering. I predict a mass dust bowl exodis. The rich will move to other countries or states. The poor will move in with family.