Why The Sudden Panic Attack Over New Jersey’s Bond Debt?


There’s $616 million left to pay for the Sports and Exposition Authority - was that debt really necessary? Cigarette tax revenue, $1.4 billion – a cash advance, but what the heck did we do with the money? Anybody remember?
Then there are items put on the state’s credit card that only benefit certain municipalities or special interests - $6 billion for school construction in the Abbott districts, $176 million for municipal rehabilitation and $240 million for a business employment incentive program.
Look over the list and you’ll find your own “huh?” items.
Anyway, there’s no sense in crying about it now. We’ve already put this stuff on the credit card and we have to pay it back. But, why the sudden panic attack over the state’s bond debt? We can continue to swing the payments on our current income.
Sure our credit cards are maxed out and we can’t afford to buy new stuff, but why is Governor Corzine running around the state claiming we need to raise $38 billion when our current debt is only $30 billion? Or did Corzine charge up $2 billion more since June and the tab is now up to $32 billion? Either way, we can make the payments without new or increased taxes.
This year, state sales tax revenue will be $8.8 billion, half a billion more than last year and next year, it will be $800 million more than 2007. So, what’s up with all this talk about a financial melt down if we don’t adopt Corzine’s asset monetization plan?
Making our debt payments isn’t causing the state’s financial crisis. Raise road and bridge tolls a little bit and we’d have the money to pay for the expansion and maintenance of our transportation infrastructure. Obviously, the large toll increases Corzine is proposing are for a different purpose, which we explain in our next post.
Toll Increases
Labels: Asset Monetization, Jon Corzine, New Jersey, State Budget
25 Comments:
Good question
I don't understand why you would pay off a low coupon bond with a higher coupon bond ? your just increasing your debt service charge right there !
You're truly enlightening us - We need as many people as possible to read these incredible figures.
I'm adding you to my blogroll and thanks for the information.
Keep doing what you're doing!
Bill Garcia
If you suffer from anxiety or panic attacks, you are not alone. According to the National Institute of Health, 1 out of 75 people have these attacks at some time in their lives. It is estimated that twice as many women than men suffer from this disorder. http://www.buy-xanax-online-now.com/
Xanax is not a diet pill that induces weight loss but rather has been known only for accelerating weight gain to a certain degree. According to certain reports, xanax, the medicine to treat anxiety, leads to craving for sweets and thus weight gain becomes the ultimate result. For this and similar other striking details on diet pill xanax visit http://www.xanax-effects.com /
You will get a beautiful cloth which in the game if we want to need the beautiful cloth, we can use our own Scions Of Fate gold to buy. The one I owned on my character is one of my friends sent to me the necessary SOF gold. Sometimes we can share the trophy as the necessary Scions Of Fate money together, and we do quest together. I do not have enough confidence and cheap SOF gold about my weak memory. First I have to buy sof gold to improve my pet which I have a lovely leopard in this game.
When I begin to play this Seal Online game, I first go to buy seal online cegel to buy some my favorite and beautiful clothes to dress up my character. I have spent cheap seal cegel to buy my favorite cloth. I mean we have anime and some necessary seal online cegel based games that do not look really kid dish. Though I will admit with my own seal cegel I went crazy on leveling with DECO. Some of the skills that we can use our sealonline cegel to improve to look amazing, and are fun to just watch honestly.
Now do you worried about that in the game do not had enough cabal online alz to play the game, now you can not worried, my friend told me a website, in here you can buy a lot cabal alz and only spend a little money, do not hesitate, it was really, in here we had much cabal gold, we can sure that you will get the cabal money, quick to come here to buy cabal alz.
I like play online game, I also buy dofus kamas and kamas, the cheap kamas is very cheap, and use the dofus gold can buy many things, I like dofus kama, thanks, it is very good.
sports
polos
gill
china
e
t
r
y
A study last yearnike tn, the author in the essay read NIKE , a reporter at the Shanghai headquarters in an interview, nike chaussuressee a pr in high school to read a league plans, employees interviewed told reporters in Beijing's streets, they children to interview, the children said, "truly understand them." tn chaussures These words, if the author touches product function, brand spirit and culture is to become part of the consumer of two basic methods
There are spyder jackets 10 pcs of excellent Ralph Lauren multi-colored stripe big pony cheap columbia jackets. These products are more soft and comfortable for being made of breathable and durable mesh cotton .cheap polo shirtsthere are lots of colors and sizes for your choice, just pick up one you like ,it is absolutely value for money.
Lacoste Polo Shirts, ralph Lauren polo shirts , Burberry Polo Shirts.wholesale Lacoste polo shirts and polo ralph laurenwith great price. clothingol.com offers lot of 10 lacoste polo shirts and lot of 20 cheap polo shirts. clothingol.com offers classic fit polo shirts. polo clothing
Bon March¨¦ Chaussure PumaChaussure Sports Shop:baskets pumaChaussure Puma Femme,Chaussure Puma Homme,Chaussure Nike Femme,Chaussure Nike homme,nike shoxChaussure Sport et plus. Livraison Rapide.Cheap Brand Jeans ShopMen Jeans - True Religion Jeans, Women JeansGUCCI Jeans, Levi's Jeans, D&G Jeans, RED MONKEY Jeans, Cheap JeansArmani Jeans, Diesel Jeans, Ed hardy Jeans, Evisu Jeans, Jack&Jones Jeans...
very good post
Dofus Kamas|Prix Moins Cher Dofus Kamas|Kamas par allopass|Dofus kamas audiotel|Dofus kamas par telephone sur Virstock.com
Meilleur prix dofus kamas stock de dofus kamas
Prix moins cher dofus kamas
vente dofus kamas sur www.virstock.com
Kamas par allopass sur dofus kamas
Dofus kamas par telephone sur dofus kamas
Dofus kamas audiotel sur dofus kamas
http://www.virstock.com/jsp/comments.jsp dofus kamas vente
http://www.virstock.com
We supply many styles of sofas,such as living-room-sofa, Modern leather sofa . soft sofa. Lounge-sofa .
e supply all kinds of stone product,such as china tombstones, Modern-stone-sculpture, paving-stone, Glazed-Vitrified-Tiles
We supply many styles of sofas,such as living-room-sofa, Modern leather sofa . soft sofa. Lounge-sofa .
e supply all kinds of stone product,such as china tombstones, Modern-stone-sculpture, paving-stone, Glazed-Vitrified-Tiles
For men who want bigger, harder, longer-lasting erections, there's now VigRX Plus™, a fresh twist on the already popular VigRX™, but designed to further enhance men's sexual functioning with the addition of three exciting new ingredients: Damiana, Tribulus, and Bioperin. Doctor endorsed and rated #1 for results by clients of penis enlargement consumers. rated two penis pills is vimax. if you find about male enhancement this products is the best and proven to work, there products have money-back guarantee in effectiveness and result.
I'm using Ativan for anxiety and panic attacks.
Wonderful information, I will save this and show it to my friend, she is huge fan of this. It's been a pleasure to read your post.
Hannah from SheepArcade
If you like to play games, visit sheep arcade and play poker games and much more free games.
Nike Air Max Shoes unique style and pattern gain very popuplarity from people. This may be the most memorable Air Max generations to see, the weight of the color of the predecessor of the loan, the Nike Air Griffey Max 1 Classic weight.All of the characteristics decide thatNike Air Max 1 are durable , smooth , very good to use for the sports events.Nike Shoes Us are identified as the plan colors , just like white , black , and so on. The populalr of Nike Air Max Shoes is mainly due to the black color is perfect and rounded material layer.
Said was wonderful, really the best site! Liked by the way best described 2011 Nike soccer cleats . Prefer the Nike mercurial soccer cleats and New nike soccer shoes
cheap louis vuitton handbags for sale.
cheap louis vuitton antheia for sale.
replica Mahina Leather for sale.
replica Monogram Canvas handbags for sale.
replica Monogram denim handbags for sale.
Replica Monogram Macassar Canvas for sale.
Replica Monogram Multicolore for sale.
replica louis vuitton Monogram Purses for sale.
replica louis vuitton Monogram Vernis for sale.
uggs clearance UGGs boots uk sale-Ugg short boots are you pursue fashionwomen's UGG Boots That essentially by Quotes possesses certainly scattered this homeland in addition to earth by means of tornado. Uggs Outlet The attraction seems to be include seemed to be sketched by on the orientation that numerous Hollywood scandal both equally young, small in addition to retro are glimpsed using some sort of a couple connected with UGG Shoes,which often markedly arrives at an ugg boots clearance amount.
Well, this post would be of great help to anyone who would come to read this one. Thanks a lot for sharing your thoughts. Damiana
Vimax adalah salah satu jenis obat pembesar penis yang bisa membuat penis Anda menjadi besar, panjang, kuat dan tahan lama secara alami.
Bahkan beberapa ilmuwan di dunia ini sudah mengakui bahwa vimax canada ini sangat berkhasiat untuk membuat penis Anda lebih besar dan panjang secara cepat dan permanen.
Produk vimax asli yang satu ini juga tergolong aman karena tidak menimbulkan efek samping.
Untuk mengetahui perbedaan vimax asli dan palsu dan harga vimax asli silahkan kunjungi www.vimaxgroup.info
Post a Comment
<< Home