Former New York Lieutenant Governor Richard Ravitch pulled together a bipartisan group of statesmen to issue a stark warning about the finances of many state governments around the country. New Jersey did not fare well. Many have not taken the warnings seriously,
I spent part of a day recently at a conference called Facing Our Future, a bipartisan group of leading citizens who have produced a clear document that outlines the magnitude of the New Jersey’s fiscal mess. It depicts the total spending by
I have had a depressingly high number of conversations lately about New Jersey being a sinking ship. There are three themes. The most common is that the state is financially broke and that nobody seems to have the political will to fix
New Jersey has waited a long time for a governor who at least gave it to us straight on budgetary matters. His Turnpike plan uses money that he proposes to raise, not raid. That is a welcome departure from past state budgets.
A wise government staffer recently said to me that survival is often a function of looking like you’re doing something about a problem; that the cosmetic is often more politically effective than the substantive. That applies to runaway state spending. We have