Corzine Worried - State Finances in Trouble - Duh!

From today's Trentonian. apprently Jon Corzine is finally realizing that the state is in poor fiscal shape:

"I'm worried about the state budget, the state economy in the context of the very dramatic restructuring that is taking place on Wall Street," Corzine said Monday morning during an appearance in Ewing Township. "The northern half of the state, there are many, many people who are involved with that industry. That's one of the reasons you have high levels of income in the state."

This man along with his Democrat counterparts have continued to spend like drunken sailors on shore leave for three years. Since the Democrats took over starting with Governor "I am turning gay so I don't get indicted for corruption" McGreevey, the state has seen a continual downturn in jobs(except government and patronage jobs)ability to balance the budget and a massive increase in the local tax burden through property taxes. That trend has continued unabated during Corzine's tenure.

The party in power has always based their profligate spending on the fact that New Jersey wage earners will continue to make money in New York and bring it back. Well guess what? The party is over. Wall Street is in serious trouble. Corzine is wondering about Bank of American buying Merrill Lynch? To all Merrill employees - congratulations! North Carolina here you come!

I guess all that money this legislature just threw at the corrupt school construction corporation is looking like a great idea right now. One thing that is clear, after three years of Corzine, I now know why these firms are failing. Bear Stearns, Lehman, Merrill-their balance sheets look a lot like New Jersey's budgets.

Read the entire article here.

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