"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Friday, November 18, 2005

New Jersey’s Broke – Corzine Jokes

Acting Governor Dick Codey to Governor-elect Jon Corzine at a convention of municipal officials in Atlantic City:

Let me condense your transition report for you," he said, eliciting chuckles from the crowd. "We're pretty much broke. We have more debt than we can afford. Next year's budget deficit is at least $5 billion. School construction and transportation funding have virtually dried up. And we have a $1 billion pension payment due next year."
Jon Corzine to the crowd:

"Anybody win $5 billion last night at the tables?" Corzine asked. "We could use it."

Isn’t Corzine a riot? In 2002 the New Jersey state budget was $22.5 billion. This year’s budget was $28.1 billion and will be $5 billion greater before Jon Corzine adds on new spending for his campaign promises. Without any new spending the state’s budget will be $33.1 billion. That’s a 47% increase since 2002. Gee, how did that happen after all the McGreevey tax increases and the Codey cuts in property tax rebates?

Not only is the budget out of control, but New Jersey is now the third heaviest debtor among all states.

New Jersey borrowed $4.2 billion last year, continuing a voracious run-up of loans that has tapped out the state's highway building fund and nearly doubled state debt in just five years.

When the last budget year closed on June 30, New Jersey had $28.9 billion in long-term debt outstanding, the state's annual Debt Report shows. Five years ago, the reports show, state debt stood at $15.8 billion; a decade ago it was less than $8 billion.
What are Jon Corzine’s plans for the state? Well, Corzine’s talking up all the new spending plans he has for the cities and he’s brought in Dick Leone to head up his transition team. For those that may not remember, Dick Leone was the architect of the state’s income tax in 1975 under former Governor Brendan Byrne. The income tax was sold to taxpayers at the time as a solution for the property tax burden.

How’d that work out? The cities got the money and New Jersey can boast at having the highest property taxes in the country. What will happen this time? The income tax will be raised, the cities will get the money and New Jersey taxpayers will get the shaft – just as Corzine planned. After all, that’s Jon Corzine’s idea of making New Jersey more affordable.

Update: We received the following claification concerning the year's state budget:
One minor quibble.

The New Jersey budget this year was NOT 28.1 billion; that was the amount "on budget". For political reasons, much state spending was kept "off budget", to the tune of almost $1 billion.

Hence, $29 billion is much closer to the truth, even before supplemental spending.



7 Comments:

At 11:35 PM, Blogger James said...

Those who voted for him are getting exactly what they deserve. Unfortunately, those of us who did not vote for him are also getting what they deserve!

Jim
Parkway Rest Stop
http://parkwayreststop.com

 
At 2:00 PM, Blogger NJCons said...

James ,

Amen!

 
At 2:46 PM, Blogger nightfly said...

The Corzine joke actually sounds like something I'd say myself. But unlike the Governor-elect I'd also be cutting spending, not boosting it, so I don't think anyone would begrudge me a chuckle.

 
At 4:09 PM, Blogger DBK said...

Wow. Jon Corzine hasn't even been sworn in and you're already getting ready to burn him at the stake. That's what I call useful analysis. Have you decided on who gathers the wood and who brings the gasoline yet?

By the way, while I'm here, perhaps Enlighten would care to release the "Corzine Doing Heinous Evil Things" videotape he promised a month ago, the one that added so much to his crudibility. Can you put it in .wmv format and host it for all of us? I've been so looking forward to watching it.

 
At 5:23 PM, Blogger Enlighten said...

DBK,
No one promised a tape - we published an email from a source stating a tape exists. This same email also stated someone who saw the tape would be heard from – we seem to remember Mrs. Corzine being heard from loud and clear. We will assume your quote "Corzine Doing Heinous Evil Things" came from your very vivid imagination, because it certainly isn’t a quote from this blog.

Corzine may not have been sworn in yet, but that hasn’t kept him from making speeches as to how he plans to govern. As you might have guessed, his spending plans are not what we think the state needs. And why is poining out Corzine's spending plans together with the state's current financial situtation not useful analysis? What’s your take?

As far as burning goes, it’s Corzine’s burning more taxpayer dollars that concerns us. If we are forced to gather wood for a fire, it will be to keep warm after we have gone broke from another round of tax hikes

 
At 12:45 PM, Blogger DBK said...

So where's the tape, E?

http://enlightennj.blogspot.com/2005/10/is-corzine-next-mcgreevey.html

"...when it hits; it’ll make Jim McGreevey look like a Cub Scout compared to Jon Corzine."

Okay, so where is it? Where was it? You whispered and hinted and snickered and mugged regularly about it for dyas, but there came the election and not a word on this "damaging revelation".

So, where is it? Come on, put the tape up on your site so everyone can enjoy it. I had a big box of Paul Newman's Microwave Popcorn set aside just to enjoy as I watched the webcasts of the tape. The popcorn is getting stale and still no tape. You had emails and people who were connected to the Corzine campaign and yet...well...*POOF*. Nothing.

Give us the tape, E. We want the tape. Can't you see how this damages your credibility? You posted something like four times in four days about this fantastical tape. You had us all salivating at the prospect of it. You wouldn't even tell us what was supposed to be in it. What could it have been? What, we wondered, could be so bad as to make "McGreevey look like a Cub Scout compared to Jon Corzine." The tape, E, we want the tape. Boring postings on taxes that haven't occurred don't cut it. You said there was something juicy coming. Go ahead, play it.

 
At 4:05 PM, Blogger Enlighten said...

The interviews with Mrs, Corzine came out, the issue concerning the Corzine staffer came out and so now we suppose you'll just have to wait and see if the tape comes out.

If you are interested in learning more about what Mrs. Corzine had to say about her ex’s ethics, we suggest you read the many articles published in the MSM after we published a post. If you're interested in learning more about the allegations concerning a relationship Corzine had with a staffer, look for the various news videos and media accounts that were widely available on and offline after we published a post. If you are interested about the nature of the tape, reread the quote from the email we published concerning the tape.

Seems as though our source was pretty good, no?

 

Post a Comment

<< Home


 Contact Us

  • Email Us
  • Blog Roll Us!

    Search

    Syndication

  • Atom Feed
  • Bloglines
  • Feedburner
  • Feedster
  • Add to Google
  • Add to My MSN
  • Add to My Yahoo
  • News Is Free

    Recent Posts

  • Great Moments in Liberal Economics
  • Political Star Power
  • It Pays To Be Untrue To Your School
  • The New Jersey Slogan Vote
  • Democrats: Dishonest On Iraq
  • New Jersey Election 2005 Post Mortem
  • Carnival of the New Jersey Bloggers # 26
  • Veteran’s Day
  • Hypocrisy
  • New Jersey Election Analysis

    Archives

  • November 2004
  • December 2004
  • January 2005
  • February 2005
  • March 2005
  • April 2005
  • May 2005
  • June 2005
  • July 2005
  • August 2005
  • September 2005
  • October 2005
  • November 2005
  • December 2005
  • January 2006
  • February 2006
  • March 2006
  • April 2006
  • May 2006
  • June 2006
  • July 2006
  • August 2006
  • September 2006
  • October 2006
  • November 2006
  • December 2006
  • January 2007
  • February 2007
  • March 2007
  • April 2007
  • May 2007
  • June 2007
  • August 2007
  • September 2007
  • October 2007
  • November 2007
  • December 2007
  • January 2008
  • February 2008
  • April 2008
  • November 2008
  • January 2009
  • August 2009
  • September 2009
  • February 2012

    Online Journals

  • National Review

  • Opinion Journal

  • Real Clear Politics

  • Weekly Standard


  • Blog Roll

  • A Blog For All
  • Althouse
  • Ankle Biting Pundits
  • Barista of Bloomfield Avenue
  • Betsy's Page
  • Blue Crab Boulevard
  • Blogs For Condi
  • Bob the Corgi
  • Brainster's Blog
  • BuzzMachine
  • Captain's Quarter's
  • Cinnaman
  • Coalition of the Swilling
  • CWA-NJ
  • Dino's Forum
  • Daily Mail
  • Don Surber
  • DynamoBuzz
  • eCache
  • Exit 4
  • Fausta's Blog
  • GOP Bloggers
  • Instapundit
  • Joe's Journal
  • Kate Spot
  • Kausfiles.com
  • Little Green Footballs
  • Michelle Malkin
  • More Mnmouth Musings
  • Parkway Rest Stop
  • Patrick Ruffini
  • Polipundit
  • Power Line
  • Right Wing News
  • Roger L. Simon
  • The Blue State Conservatives
  • Riehl World View
  • Red Jersey
  • Right, Wing-Nut!
  • Sid in the City
  • Tiger Hawk
  • The Truth Laid Bear
  • Tim Blair
  • Wizbang


  • Sid in the City



    Majority Accountability Project

    MAP

    New Jersey Blogs

    Enlighten-Carnival-small

  • 11th and Washington


  • A Blog For All
  • A Planet Where Apes Evolved From Man?!?
  • Armies of Liberation
  • Atlantic Highland Muse
  • Attack of the 15.24 Mete


  • Barista of Bloomfield Avenue
  • BeLow Me
  • Big Windbag
  • Blanton's and Ashton's
  • Blue State Conservatives
  • Burning Feathers
  • BuzzMachine


  • Clifton Blogs
  • Coalition of the Swilling
  • Cobweb Studios
  • CoffeeGrounds
  • Constitutional Conservative
  • Confessions of a Jersey Goddess
  • Corzine Watch
  • Crazy Jackie
  • Cresting Acrocorinthus
  • Cripes, Suzette!


  • Daniella's Misadventures
  • Did I Say That Out Loud
  • Dojo Mojo
  • Dossy's Blog
  • Down the Shore
  • DynamoBuzz


  • eCache
  • Enlighten-NewJersey
  • Eye On Hoboken
  • Exit 4
  • Exit Zero
  • Extreme-Psychosis


  • Fausta's Blog
  • Fausti's Book Quest
  • Fractals of Change
  • Frenchtown NJ Blog


  • GiggleChick
  • Gregg Gethard's Amazing Personal Journey
  • goethe re scape


  • Hoboken Rock City


  • IamBillPower
  • If this is paradise, I wish I had a lawn-mower
  • Imaginary Therapy
  • Inadmissible Evidence
  • INCITE


  • Jersey Beat
  • Jersey Perspective
  • Jersey Side
  • Jersey Style
  • Jersey Writers
  • Joe's Journal


  • Karl's Corner
  • Kate Spot


  • Laughing At The Pieces
  • Likelihood of Confusion
  • Liss Is More


  • Mamacita
  • Mary's Lame Attempt at Fame
  • Media in Trouble
  • Michael Carroll
  • Mister Snitch!
  • MucknMire
  • My Life as a Rabid Blog
  • My New Jersey


  • New Jersey Eminent Domain Law
  • NJ Conservative
  • NJ Fiscal Folly
  • New Jersey For Change
  • New Jersey Weblogs
  • NJ Spoken Word
  • Northeast Corridor


  • Parkway Rest Stop
  • Philly2Hoboken.com
  • Poetic Leanings
  • Poor Impulse Control
  • Professor Kim's News Notes
  • Property Tax NJ


  • Rain Angel
  • Riehl World View


  • Shamrocketship
  • Shipwrecks
  • SloppyDawg
  • Sluggo Needs a Nap
  • SmadaNeK
  • Static Silence


  • Tami,The One True
  • Tammany on the Hudson
  • Tequila Shots For The Soul
  • The Art of Getting By
  • The Center of New Jersey Life
  • The Daily Fry
  • The Duc Pond
  • The Jersey Shore Real Estate Bubble
  • The Joy of Soup
  • The Mark(ings) of Zorro
  • The New Wisdom
  • The Nightfly
  • The Opinion Mill
  • The Pink Panther
  • The Political Dogs
  • The Rix Mix
  • This Full House
  • Tiger Hawk
  • Tomato Nation
  • Toxiclabrat
  • Twisty


  • Unbillable Hours
  • Usdin.Net


  • Where Is The Remote
  • Wine Goddess


  • Xpatriated Texan


  • Links

  • NJ Governor
  • NJ Legislature
  • GOP GOTV
  • Bob Menendez Information


  • Blog Rings

  • Blog Explosion
  • Blog Directory
  • Blogsnow
  • Blogwise
  • Blogstreet
  • Blogshares
  • Blogarama
  • Blog Digger
  • Daypop
  • Globe of Blogs
  • Blog Search Engine


  • Ecosystem Status


  • Who Links Here






  •