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| Re: Christie turns to borrowing to fund NJ Transportation (1159527) | |||
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Re: Christie turns to borrowing to fund NJ Transportation |
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Posted by WillD on Thu May 31 04:51:49 2012, in response to Re: Christie turns to borrowing to fund NJ Transportation, posted by Olog-hai on Thu May 31 02:25:58 2012. It's also a drop in the bucket compared to Chrisco's total borrowing, which at $10.7 billion may be about $300 million lower than Corzine's largest deficit ($11 billion with the state matches for stimulus funding in the middle of the fiscal year), but it's only lower if you don't include the inconvenient fact that Chrisco is still stiffing the pension fund after "fixing" it while Corzine's budgets at least included the skeletal funding provided before the "fixes". And while Corzine's 2010 budget may have hit 11 billion with additional midyear funding, the 2009 and prior budgets had deficits which did not top $7 billion. Chrisco has done nothing to reduce the state's spending to those pre-stimulus levels, so why are you defending him when he's done nothing to cut spending?The simple fact is that Chrisco has simultaneously reduced NJ's tax revenue, greatly increased spending, and gutted the essential capital project budgets of most state agencies. He is leading NJ to financial ruin. |
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