Troofer Slapdown Imminent
New York City's response to the Truther's legal brief in support of the High-Rise Safety Initiative is pretty brutal. The HRSI people crowed about how they hired a great election lawyer; it turns out they should have hired an accountant, because the plan they propose is not in accordance with GAAP (Generally Accepted Accounting Principles).
Basically, because the financing provision in the HRSI is to have a fund set aside for investigating building collapses, it creates the possibility that the fund might sit dormant for a few years, and then be expended. However GAAP requires that current year expenditures be funded from current year revenues. And the city can't avoid the problem because the state requires that the city's budget be balanced according to GAAP.
(See in particular attachment #2, the Levine Affadavit). I'm afraid we won't have the High Rise Safety Initiative to kick around much longer.