Rudy Giuliani Lied On NYC Surplus

7:14 am EST August 25th, 2007 | News | 3 Comments

Again, Republican candidate Rudy Giuliani’s rhetoric doesn’t line up with the reality.

Rudolph W. Giuliani has been broadcasting radio advertisements in Iowa and other states far from the city he once led stating that as mayor of New York, he “turned a $2.3 billion deficit into a multibillion dollar surplus.”

The assertion, which Mr. Giuliani has repeated on the trail as he has promoted his fiscal conservatism, is somewhat misleading, independent fiscal monitors said. In fact, Mr. Giuliani left his successor, Michael R. Bloomberg, with a bigger deficit than the one Mr. Giuliani had to deal with when he arrived in 1994. And that deficit would have been large even if the city had not been attacked on Sept. 11, 2001.

“He inherited a gap, and he left a gap for his successor,” Ronnie Lowenstein, the director of the city’s Independent Budget Office, a nonpartisan agency that monitors the city budget, said of Mr. Giuliani. “The city was budgeting as though the good times were not going to end, but sooner or later they always do.”

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3 Responses to “Rudy Giuliani Lied On NYC Surplus”

  1. OxyCon says:
    August 25, 2007 at 2:40 pm

    Rudy is a serial exaggerator extraordinair/ par exellance.
    He makes Al Gore look like a lightweight.

  2. OxyCon says:
    August 25, 2007 at 2:42 pm

    Rudy, the exaggerator savant.

  3. Graham says:
    August 25, 2007 at 8:00 pm

    His kids hate him. His ex wives hate him.

    I think they be on to something.