Thursday, February 18, 2010
My New Hero
Can you imagine an 11 million dollar deficit within a 26 million dollar budget? Unbelievable, but that's what New Jersey is looking at for fiscal 2011.
Governor Christie did an interview on CNBC this morning and said flat out that he would not raise taxes, he would only cut spending. The highest taxes in the country are the the reason people and capital are fleeing the state and it's time to turn that around. It's about time that a grownup stepped on stage.
Another astonishing tidbit--according to the governor, the great state of NJ has not made its contributions to the state employees' pension fund for ten years. And these poor folks think they're ever going to see their pensions? Good luck with that. How many other state and teacher pension funds are in such deep trouble?
The video is a little long but worth a look. Funniest part is the amazed look on the interviewers' faces when Christie refuses to consider raising taxes.