Broken Promises

Whatever happened to Corzine’s 2008 executive order prohibiting the use of one-time revenues to balance the budget?

The current budget relied heavily on a one-time federal subsidy courtesy of Obama, and smoke and mirrors for hundreds of millions of other debt obligations that will come due in 2010.

New Jersey will have $8 BILLION in state debt that comes due next year. Corzine ran on a promise not to play games with money, but instead did to New Jersey what his Wall Street banker buddies did to the country.


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