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July 05, 2006
Democrats Threaten to Bankrupt the State
by Jack Lee
In New Jersey the Governor is a democrat and both state houses are controlled by democrats. Now, some of you might instantly think, "This is a recipe for disaster!" And for good reason! We've seen in our state's recent past, that once the democrats are in total control of a state's budget, it's like giving Michael Jackson a no-limit credit card.
Check this out:
New Jersey democrats have broke the state and overspent by hundreds of millions that has led to the sudden shutdown of many state services. Governor Corsine has proposed a $31 billion budget, but that huge budget would entail 661 million in spending cuts. Budget cutting is something that 90% of democrats in the legislature can't tolerate! The easy fix has always been to raise taxes whenever faced with a shortfall, raise taxes and that is exactly what the New Jersey Assembly wants to do. But, Corsine knows a heavy tax hike will have serious repercussions for his political future. So, Corsine favors cuts to balance the budget and the legislators favor the tax hike. There they are, polar opposites, and neither side is willing to move.
New Jersey has been forced to layoff all non-essential personnel and this includes the people who oversee gaming, which is big business in this state. Without the gaming officials in place Atlantic City Casino's can't operate and this is adding to the state's budge crisis with the loss of about 4 million a day in tax revenue from gambling operations, not to mention the heavy impact it is having on tourism which could result in the loss of hundreds of millions of visitor dollars. The democrats have indeed created their own worst nightmare...again.
Considering the voters of New Jersey freely elected these democrats that have all but ruined their state, I would like to quote a popular phrase from a cartoon character known as "Nelson" on the Simpsons: Ha Ha...
Posted by Post Scripts at July 5, 2006 03:25 PM
Comments
This post is sooo good on sooo many levels. The proposed spending cuts are the usual cuts in increased spending which amount to an increase in spending under cover...but the people applaud because they are ignorant to the game. In the end the story goes, "I really wanted to cut spending but when I got into that budget I found it was a bigger mess than I thought and (now that I'm re-elected) I'm going to have to support your legislature and sign those (tax increasing) bills, so sorry." The nightmare won't end unless/until the people wake up!
Meanwhile, Richardson of New Mexico is making real tax cuts in personal and corporate tax rates...Richardson, ex Clinton department head (can't recall which) and Ambassador. The wheel turns slowly, but it turns. I wonder what the Dems will say or do about him...they are treating Lieberman like cr*p!
Posted by: Tina at July 6, 2006 08:40 PM
I love it when the Left eats it's own.
Posted by: Toby Stahler at July 7, 2006 12:31 AM