OK, now I am impressed. As you all know, I had some doubts about how conservative Chris Christie was going to be. While he did promise fiscal responsibility, I was never really sure he meant it. Now I know he means it.
From CBS News:
Calling New Jersey's budget a "shambles," Gov. Chris Christie announced Thursday he is immediately freezing all state spending.
Saying New Jersey is on the verge of bankruptcy, Christie declared a fiscal emergency, announcing drastic cuts. Among them, aid to school districts that have excess surpluses.
"Today we are going to act swiftly to fix problems too long ignored. Today I begin to do what I promised the people of New Jersey I would do," Christie said.
New Jersey Democrats are squealing! They are livid because, Christie did not bother going through the legislature, instead he issued the freeze via executive order. It is a good thing he did, because already the Democrats are playing the same old game of “you can’t cut that”. They are using the same old flimsy excuses for leaving their sacred cows untouched.
Currently New Jersey is facing a budget shortfall of about $2 Billion. Under Corzine we have tried the raising revenue route and we still ran out of money. The problem is and always has been, that government spends too damn much. Every time you turn around, there is New Jersey’s government creating new programs for this or a new program for that, more spending for this or more spending for that. At some point, you just have to break out the budget ax and start whacking at everything.
Via: CBS News