[Coleus]

 How N.J. got $30B in the hole?

[2banana]

"It is the ever-increasing debt burden that is sucking the life out of the state's finances and our ability to serve our citizens," Corzine said.

The debt? State employee pensions and benefits...

[goldstategop]

No major cuts in government spending. After all, the New Jersey Democrats' constituency is every one who either works for the state and local governments or someone who receives a benefit from it.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[Clintonfatigued]

What a mess. Corzine may become the next Jim Florio.

[BGHater]

Not a problem. Running a debt now is good.

[FreedomPoster]

Meanwhile, those idiots are doing business-friendly things like this:

N.J. may penalize utilities that pollute (greenhouse gas taxes)
http://www.freerepublic.com/focus/f-news/1929366/posts

[Combat_Liberalism]

New Jersey is America’s future under corrupt Democrat power. America becomes a monster that feeds itself by consuming itself. The Democrat party was and is the party of slavery.

[Leisler]

"Second, why hasn't bound labor reemerged in the modern world? Elites in developing countries can no longer be confident in their ability to earn hefty incomes by employing workers and paying them much less than their average product: an elite monopoly of land ownership is no longer worth much. So why haven't they responded to the potential erosion of their collective economic edge by turning to politics and force to bind workers. One answer is that, to some extent, they have: Consider that modern states are surprisingly effective as tax-collection machines, and in large chunks of the world the elite's power and (relative) prosperity is rooted in its "new class" control over the flow of resources from the state."

Evsey Domar (1970), "The Causes of Slavery or Serfdom: A Hypothesis," Economic History Review 30:1 (March), pp. 18-32.

[ken21]

watch’em tax their way out of the problem!

/s

[Sooth2222]

Corzine just needs the license to print money, like the Feds do.