Monday, June 9, 2008

How Screwed Up Do We Need To Be?

Read this article from the Star-Ledger. Take particular note of a few passages:
New Jersey is struggling with more than $32 billion in state debt, the third-highest in the country. All but $3 billion was issued without voter backing.
And then this:
The state constitution already says voters must approve borrowing, but lawmakers routinely have dodged the requirement by authorizing quasi-state agencies to issue billions in debt, and promising to repay it through the state budget.
Got that? According to the state constitution, 90% of our bloated debt slips through a loophole to survive, like Teddy Kennedy escaping his seatbelt at Chappaquiddick.

But apparently we're idiots, because we'll listen to people who tell us things like this:
Critics of the amendment [to require the approval of voters to issue new debt] say it would sap power from legislators elected to make intricate decisions, and turn complex borrowing schemes into yes-or-no issues vulnerable to voters' snap judgments.

"Simple bumper-sticker politics do not lend themselves to (that) kind of decision-making," said Steve Wollmer, spokesman for the powerful New Jersey Education Association teachers union. "It would really limit or potentially cripple the state's ability to make timely investments for the public good."
Of course, by "voters' snap judgments" Mr. Wollmer means "the democratic process". But maybe he has a point: maybe democracy is overrated. It's the same voters' snap judgments that got Jim McGreevey and Richard Codey into office, after all.

Mr. Wollmer thinks that the democratic process should be circumvented for "the public good". I don't know how good his math is -- he's a spokesman for the NJEA, after all, and they don't really focus much on quality education -- but New Jersey has 8,724,560 people and thirty-two billion dollars ($32,000,000,000) in debt. That means that the state owes $3668 for each man, woman, and child in New Jersey. That debt load is not in "the public good". The attitude of Mr. Wollmer and fellows like him is not in the public good.

A government living within its means? That's practically the definition of "the public good".

Richard Codey disagrees because we might be "tying a future governor's and Legislature's hands" should a need for emergency borrowing arise. But like former president Clinton meeting the Razorback cheerleaders, their hands should be tied, and for the same reason -- to stop them from grabbing everything they can get their hands on.

The problem is not that I want to prevent noble men and women to be unable to lead our state through difficult times, but that most of our state legislators are neither noble nor leaders. Codey says, "There are times when you'd need to do it and do it right away and not necessarily wait for an election," and I agree -- but now's not the time.

Not when Richard Codey thinks that there shouldn't be a democracy-based check on public spending.

Not when our so-called leaders have shown themselves incapable of knowing when they should borrow and when they shouldn't.

Not when they circumvent our constitutional process and issue eleven times more debt than they are allowed to.

Not when the State Supreme Court has "ruled the state could continue to issue bonds through its authorities without asking voters first."

That last fact is particularly galling. The ruling came in 2003. "The justices in the minority," the article says, "said the decision essentially killed the clause in the constitution giving voters control," which provides us with One More Example of a liberal court undermining a constitution. In an understatement to tell your grandkids about, Seton Hall University political scientist Joseph Marbach says, "The fact that we need a constitutional amendment to tell the court what the constitution says is also a little bit troubling."

We're in a budget crisis that makes Governor Corzine want to octuple our tolls, shut down hospitals, and provide fiscal responsibility (in the form of increased taxes for outdoor projects). How bad does it need to get before we stop spending money on superfluous certificates for veterans? How screwed up do we have to be as a state before we stop providing handouts to artists? How screwed up do we need to be before they stop spending our money -- and our kids' money, and our grandkids' money?

How screwed up do we need to be before we stop allowing these guys to destroy our state?

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