Thursday, November 10, 2005

Be Careful What You Wish For...

Jon Corzine not only wished to be Governor of New Jersey, he paid $50 Million to become Governor. I don't understand why. It's not just him. I mean, why would anyone want to try to run this State at this point in time. Let's see what the issues that confront the new Governor will be:

1. Escalating property taxes because of school funding policies set by the State Supreme Court leading to a bankrupt SCC that will need at least $25 billion to continue its "work".

2. A bankrupt transportation fund, that wouldn't become solvent by raising the gas tax $.50 cents a gallon.

3. A pension fund that is underfunded by at least $35 Billion.

4. Townships that have to bear the burden of underfunded municipal pension funds, state mandated school costs.

5. Widespread corruption and incompetence on the local and state level.

How will JonKat do? I predict he will get mired in partisan politics, raise taxes to the point that people start to really pay attention, and when all is said and done, companies and people will be fleeing the State to avoid the great fleecing that is coming.

2 Comments:

At 7:36 AM, Blogger Karl said...

Like Doug Forrester isn't wealthy either! And god knows, he couldn't do any better. But then maybe he could get Jon Corzine's x-wife to help him out!

 
At 8:41 PM, Anonymous Anonymous said...

Let no one accuse you of being gracious in victory.

 

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