Friday, February 1, 2008

Corzine's Toll Plan - Some Random Thoughts

Just a few random questions on Governor Corzine's toll plan.

If the Governor is so brave for putting forth this plan, why don't any of the toll increases take effect until after the next Governor's election?

Any plan this good for New Jersey should be able to be voted on by the citizens of New Jersey. As a matter of fact, the law states that any significant debt MUST be voted on by the citizens of the state. Why isn't the Governor putting this up to a referendum?

During a feedback session the other night, the Governor listed a litany of "other options" the state could undertake to fix the debt problem. Notable not among them was ANY reference to CUTTING SPENDING. Why?

The New Jersey Chamber of Commerce just endorsed this plan despite saying previously that it is bad for business and bad for New Jersey. I can't help but wonder how that decision came about, who made it and when. Something doesn't feel quite right about this decision.

At what point does this entire debate make its way to the NJ Supreme Court. The law is clear and has been reaffirmed by the court. Given that the last time a Governor (McGreevey) borrowed long to pay current obligations, the court said it cannot happen again but didn't correct the borrowing that had already occurred. That means that this time the court should be willing to stop a similar plan before it is actually implemented. The real question is will the NJ Supreme Court uphold New Jersey's laws? We may soon find out.

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