The Cuomo Administration's defensive response to our analysis of the state's latest attempt at debt "reform" was disingenuous, even by the standards of Albany politicians ("Guest Word," Aug. 29, 1994).

Gov. Mario M. Cuomo's budget director, Rudy Runko, hints that since "bill memorandums, fact sheets, and press releases" were available, we must not have studied them or were "intentionally misleading." Mr. Runko should know that we read the bill itself (and his memos) and concluded that the bill would allow what it says it allows: new forms of massive borrowing without any approval of voters, who are liable to pay it all back.

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