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October 15, 2007
New Jersey Under Corzine Going into Tailspin
If people get the government they deserve, New Jersey residents ought to be ashamed of themselves. In a desperate attempt to stave off the disastrous consequences of excessive taxation and profligate spending, limousine liberal Governor Jon Corzine has been forced to call for up to $3 billion in budget cuts.
Corzine is running out of insurance funds to raid, and the costs of pensions, debt payments, and state worker salaries are expected to continue to rise faster than state revenues.
Not helping the situation is the exodus of beleaguered taxpayers to better-governed states. Last year, 72,547 people gave up on the Garden State, costing it an estimated $680,000,000 in lost tax revenue. Even more would be leaving, if they could just sell their homes.
Even Corzine sheepishly admits:
I don't doubt that the overall tax burden of the state makes other places look more attractive when people have options.
No wonder liberals endlessly strive to build the power of the federal government at the expense of the states. When we no longer have meaningful options, we won't be able to vote with our feet by running for our lives from the tax-and-spend liberals in charge of states like New Jersey.
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Corzine discovers that thousands of taxpayers have been able to escape. |
On tips from Wiggins.
Posted by Van Helsing at October 15, 2007 9:50 AM
Comments
I expect he will be putting up a fence to save revenue. That would be the liberal thing to do. It's hard to share the misery when no one is willing to participate.
Posted by: Jimbo at October 15, 2007 10:04 AM
And in Michigan, the dingbat, Canadian-born, Berkeley-educated governor decided to deal with the one-state recession by... implementing a massive tax increase.
Best yet for the states, these policies drive hard-working, industrious types to other states, but the welfare parasites remain behind, guaranteeing Democrat hegemony. (It's worked this way in the big cities for years.)
New Jersey and Michigan: Giving us a fore-taste of Hillarynomics.
Posted by: V the K at October 15, 2007 10:24 AM
Don't forget all the illegal aliens in New Jersey, sucking up entitlement programs but not putting back into the system.
One of my best friends lives in NJ and wishes she didn't, but her husband refuses to move.
Posted by: Pam at October 15, 2007 10:30 AM
Gadzooks!
72,547 people left and all it costed the state was a measly $680,000 in lost tax revenue? there must be a typo there unless the people leaving were on the welfare rolls.
Posted by: Ludwig Van Beethoven at October 15, 2007 10:31 AM
ok, I see it is a typo...they lost $680,000,000 or $680 million.
Posted by: Ludwig Van Beethoven at October 15, 2007 10:34 AM
Thanks Ludwig. I fixed the typo.
Posted by: Van Helsing at October 15, 2007 10:45 AM

