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WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
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Technorati is indexing me again! They had to make a code change to fix the problem with my blog getting stuck in their queue. Kudos to Eric M. and the guys at GetSatisfaction.com where they have "community powered support for Technorati".
Well, they're "sorta, kinda" indexing me anyway. It's on a 24 hour tape delay or something. So I never get picked up by Memeorandum because they pull from Technorati and Technorati has stuff I posted yesterday listed as my latest blog entry. And that's old news to Memeorandum.
Wankers.
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Recent headlines from my Posterous Blog:
Tuesday, 04 August 2009
Chris Christie widens his lead over Jon Corzine
There's more bad news today for New Jersey Governor Jon Corzine. Chris Christie leads him by 14 points in the latest Monmouth University/Gannett New Jersey Poll. And three out of five likely voters now say that Corzine is doing a terrible job.
Meanwhile Moody's Investors Service has lowered our state's credit outlook to "negative". This is a really big deal. Corzine is set to issue another $200 million in school construction bonds next week, and now the interest we have to pay on those bonds will be significantly higher.
"New Jersey's credit outlook is negative, reflecting the persistent and growing structural imbalance exacerbated by nonrecurring and temporary budgetary solutions," the report said.
The $29 billion state budget that was enacted last month raised taxes, depleted surplus funds, utilized federal stimulus money and restructured millions in debt to help offset record revenue losses brought on by the bad economy.
The budget also reduced funding for pension obligations and cut spending on property tax rebates, all steps that drew the attention of Moody's analysts.
"The depletion of the state's rainy day fund, enactment of temporary tax increases and significant reliance on nonrecurring expenditure reductions including minimal pension contributions contribute to both short-term and longer term budgetary pressures resulting in the state's negative outlook," the report said.
Corzine's chickens have come home to roost. The former "Wizard of Wall Street" is now viewed as a potential deadbeat; a "negative" credit rating is a big red flag to lenders saying that New Jersey might not pay them back.
The blame for this debacle isn't Corzine's alone. State Senate President Dick Codey and his cronies don't stand up for the taxpayers. Assembly Speaker Joe Roberts runs a budgetary clown show that ensures his buddies in the public employee unions never feel any pain. Seemingly every week there is another corruption bust because the Democrats running this state are more interested in helping themselves than they are in solving our long term problems.
But Corzine is the leader and we can clearly see that the emperor has no
clothes.
Posted at 10:36 by Chris Wysocki
[/election]
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