Most Americans agree that good financial health means limited debt, but liberal legislators in New Jersey will do anything to protect their bloated budget and excess spending. They just proposed borrowing almost $10 BILLION that conservatives argue "would saddle generations of New Jerseyans with tens of billions of dollars in financing costs." 

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Dear John,

Most Americans agree that good financial health means limited debt, but liberal legislators in New Jersey will do anything to protect their bloated budget and excess spending. They just proposed borrowing almost $10 BILLION that conservatives argue "would saddle generations of New Jerseyans with tens of billions of dollars in financing costs."

This kind of borrowing will create a hole in the next year’s budget, leaving today’s problems to be fixed further down the road. Not only will the almost $10B have to be paid back, but interest payments, financial fees, and commissions will make this loan balloon by billions. Liberals are essentially maxing out the state’s credit card while refusing to balance the budget.

Liberals and conservatives need to work together in New Jersey and every state that finds itself in a budget shortfall to create solutions that don’t kick the can down the road and hurt taxpayers.

Sincerely,

Casey Dietrich
Deputy Executive Director
State Government Leadership Foundation
Paid for by the State Government Leadership Foundation.
Contributions to the State Government Leadership Foundation are not tax deductible as charitable contributions for federal income tax purposes.
The SGLF is a non-profit corporation established under and operated in a manner consistent with section 501(c)(4) of the Internal Revenue Code.

 

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