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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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Face it, Chris Christie's reality isn't matching his hype.
New Jersey's state debt was just downgraded, again, for the fifth time since Christie took office as governor.
A major Wall Street credit-rating agency downgraded New Jersey's debt again Thursday, unnerved by "both the scale and belatedness" of an $807 million budget gap disclosed this week by Gov. Chris Christie's administration.
The action by Fitch Ratings followed a similar ratings cut last month by Standard & Poor's. Earlier this week, Moody's Investors Service called the shortfall a "credit negative development," forewarning that yet another downgrade may be coming.
We're now slightly above junk bond status. Illinois, here we come!
Well, maybe not literally, because nobody wants to live in Illinois, although a new opinion poll shows almost half of NJ residents are ready to move somewhere else. Anywhere else.
In a recent Gallup poll, 41 percent of Garden State residents say, yes, they would like to move, 8 percentage points above the 50-state average. Still, a majority (58 percent) would rather remain in the state.
Those 58% probably work for the government.
Every time we turn around, taxes go up, and services go down. The bozos in Trenton care more about themselves and padding their pensions than they do about you and me. And that goes for all of them, not just the ones with "R" after their name.
Instead of trying to make NJ more affordable, they spend their time kvetching about a bridge closure. The real scandal is how much money the Port Authority rakes in from us to cross that bridge, and the idiotic ways in which the bureaucrats waste it. But since it's a bipartisan patronage mill, everyone turns a blind eye.
Our activist state supreme court continues to legislate from the bench, demanding billion dollar payoffs to the teachers union while the schools continue to fail. They waved a magic wand and decreed everyone was entitled to "affordable housing," without bothering to wonder where the money to pay for that housing would come from. And when Christie tried to reform the court, Democrats blocked his every move.
New Jersey, we put the "fun" in dysfunctional.
Don't forget to pay the
exit tax on your way out!
Posted at 12:51 by Chris Wysocki
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