In the news again: everybody’s favorite ‘Pub Gov in the state everybody loves to hate:
Gov. Chris Christie of New Jersey rose to stardom in the national Republican Party by promoting himself as a fiscal conservative willing to make the “hard choices” to restore sound budgeting to his state. While addressing the Republican National Convention in Tampa, Fla., last month, Gov. Chris Christie no longer spoke of a “New Jersey Comeback.”
But for much of the last year, Democrats and independent budget analysts have argued that his current budget was built on wishful thinking, and assumed that the state’s lagging economy would grow faster than that of almost anywhere else in the nation. In his typical blunt style, Mr. Christie dismissed those doubters as “rooting for failure.”
On Tuesday, his frequent assertions of a “New Jersey Comeback” came under fresh scrutiny, this time from Standard & Poor’s, which downgraded the state’s financial outlook to negative from stable. — NYTimes
No surprise that tough talkin’ Gov Porcine has changed his squeal, if not his attitude. And despite the uncomfortable fact that Jersey’s unemployment rate is 9.8% — higher than the national average, and fourth in the country behind only CA, NV, and RI — he still wants to cut taxes, which will reduce revenue and shrink the economy further.
I guess his financial model is Greece.
Asked what he’ll do if revenue fails to live up to his budget projections, Christie told reporters, “I’ll collapse that bridge when I get to it.” (thanks, Jimmy Fallon)
As far as I know, Gov Baconback has successfully avoided the term “belt tightening” when referring to his austerity budget — that’s fortunate — but the reality of the state’s finances suggest that no amount of cutting will balance the budget as state law requires. It’s the wrong approach anyway, like drilling another hole in the bottom of a leaking boat to let water out. But ‘Pubs coast to coast have this incredible blind spot when it comes to taxes. They think “tax cuts pay for themselves” even though there are decades of evidence and oceans of red ink that prove otherwise.
In March and again in May, the director of the Office of Legislative Services, David J. Rosen, warned that revenues were lagging. Mr. Christie dismissed him as “the Dr. Kevorkian of the numbers” and accused him of working on behalf of Democrats.
Ha! Funny guy. See, that’s why he’s everybody’s favorite Gobbler. Sorry — Governor. I meant Governor.