Classic Service and a wonderful stay
We were apprehensive after reading other TA reviews, wondering if we were about to encounter a problem. NONE. Our King room was spacious and spotless. While it did not have much of a view because it was in the center of the hotel, it was extremely quiet. The staff was always helpful and gracious. We were there during the Al Smith dinner and the hotel operated flawlessly. Only folks staying in the Towers had to deal with FBI SWAT, and they were treated well. 
Much of the hotel has been meticulously re-furbished to the era of it's origins. The art deco detail is amazing. It's like staying in a museum with room service. 
My only complaint was that the common areas of the hotel were really, really cold. Arctic cold for women in fancy dresses. Not so bad for men in suits. Seems like that could be fixed. 
To save money in Manhattan, walk over to Hell's Kitchen or even a local diner or pizza by the slice joint. Don't eat (or drink) in the hotels. Stop at a convenience store and buy your water and snacks. There are plenty to choose from. Take the subway. Ask the NYPD cops for directions.
 Also, I don't like bugs of any kind, but reading some of the TA reviews makes me wonder if a more serious fear of bugs colors reaction to rooms. We found ZERO evidence of bugs of any kind, and we were at the WA for several nights. No bugs. No bites. Nada. 
Enjoy the Waldorf. It's history is pretty cool.