Posted on 05/04/2020 6:32:26 PM PDT by usafa92
New Jersey is facing a financial disaster due to loss in revenue and spike in expenses related to the coronavirus outbreak that could be just weeks away, Gov. Phil Murphy said Monday.
“Right now, it’s pouring,” Murphy said, shortly after announcing he was ordering all public and private schools closed for the rest of the academic year. “We are on the brink of having to make very tough and, quite frankly, very unpalatable decisions."
Murphy has previously warned of “historic” public worker layoffs without federal assistance.
Murphy rescinded an executive order Monday from last year tasking the state treasurer to achieve a $1.26 billion surplus and said he plans to veto “numerous” bills to appropriate money to certain causes and programs.
The governor called on Congress to provide financial relief to the Garden State.
“A fiscal disaster is not months away — these decisions will be on our doorstep in just a few weeks,” Murphy said. “Congress needs to act, and act now.”
At a meeting with President Trump last week, Murphy said the hit to New Jersey by the coronavirus could be $20 billion to $30 billion, and federal aid was needed to make up for the losses.
“We don’t see it as a bailout," Murphy said at the meeting. "We see this as a partnership doing the right thing in what is the worst health care crisis in the history of our nation. And I want to again thank the president for an extraordinary spirit of partnership across the whole spectrum of our needs.”
Trump didn’t say whether he would support Murphy’s request, though he did say, “You can’t have a better representative than this man.”
(Excerpt) Read more at nj.com ...
The WHO and CDC now recommend everyone wear a blindfold to protect from seeing what’s really going on
LOL - good one.
As my first boss and mentor used to say - self inflicted wounds deserve no pity. The certainly don’t deserve a bail out. Who would have thought closing down our economy would have led to economic hardship?
That’s already happened . I think people are wearing their masks a little high.....
I expect Trump will aid red and swing states. I don’t give a damn about blue states he isn’t going to win and haven’t behave fiscally responsibly and neither should he.
Rutgers University (the state university of NJ) has a professor named Brittney Cooper who was quoted the other day as saying, “F*** each and every Trump supporter.” She believes re-opening the country will be devastating to black Americans. I am not sure why she thinks only Trump supporters want to avoid the complete destruction of America’s economy.
I didn’t vote for this buck toothed grinning clown. We’re not all liberals here.
#1. Yes, Phil Murphy is a Democrat totalitarian psychopath, along with their senator named Murray (or a Representative).
I liked parts of New Jersey but on the whole, my feelings are “Eat crap and die, New Jersey. You elected these wackjobs. Now suffer the repercussions of your blind stupidity”.
DO IT, already.
ML/NJ
What services?
ML/NJ
Just as with the lockdown itself, the "fiscal disaster" facing New Jersey is not the fault of the Chinese virus, it is the fault of the destructive actions of Governor Murphy ... a continuing, liberty-crushing overreaction of unheard of proportion conducted, of course, for a "good reason" and with "good intentions". Don't let this governor walk away from the misery he has caused. "Feeling safe" may sometimes be necessary ... but it comes with a very high cost.
An excellent read, and a great detailing of why New Jersey is in the position they’re in...
Taxpayers must not bail out criminal enterprises, which is what the politician and mob union deals are all about.
Perhaps John Corzine could give him a loan.
Surprisingly, the mob is the least of New Jersey's problems. The majority of the cases that "Soprano State" relates are those of public "servants" double-, triple-, and quadruple-dipping along with the ridiculously over-inflated pension plans.
A local politician can have a job with the state government, be a local politician, and have a state appointment to another role -- all at the same time -- and get three separate FULL lifetime pensions from those positions upon stepping down, sometimes after only a year or two in office.
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