Rep. Peter King: "The fact that the Obama Administration would cut New York's homeland security funding just 11 days after the Times Square car bomb attempt is dangerous and unconscionable. 

Rep. Anthony Weiner: "Cutting Big Apple homeland security funding to the core is mind bogglingly bad judgment."

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But funding really isn't decreasing. When all federal funding is totaled, according to White House spokesperson Nick Shapiro, the city is getting  $47 million more for port and transit security over the previous year's budget, the last signed into law by the Bush Administration.

Remember:  $100 million in port and transit security grants were earmarked for NYC from the American Recovery and Reinvestment Act -- the stimulus package.

With that money, the total for NYC will be $245 million.

"In fact, one out of every three recovery dollars for transit and port security went to NYC, making them the largest recipient in the country," Shapiro said. Overall port and transit security grant funding increased 14% from the Bush to Obama administrations.

Port and transit security grant funding in New York City increased by 24% from the Bush to Obama administrations.