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Chris Christie´s New Jersey
Is Least Solvent State

Investor´s Business Daily, by John Merline

Original Article

Posted By:RustMB, 1/16/2014 8:26:04 AM

More bad news for Gov. Chris Christie: New Jersey is dead last in the nation in terms of its fiscal solvency, according to a new report. The study, released this week by the free-market Mercatus Center at George Mason University, ranked each state´s financial health based on a variety of measures, such as cash on hand to pay its current bills, budget surpluses or deficits, unfunded liabilities and ability to provide adequate public services. The Mercatus study used 2012 data. New Jersey came in last on two of those measures — budget and long-term solvency — and finished in the bottom 15 in

      


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Reply 1 - Posted by: Foggybottom, 1/16/2014 8:41:17 AM     (No. 9694126)

Chris Christie is/was never an electable candidate for president, but given the history of the Rockefeller-Republican selection of candidates, he is on par as their current hope.

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Reply 2 - Posted by: WAN2, 1/16/2014 9:35:08 AM     (No. 9694213)

Our Savior.

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Reply 3 - Posted by: ida Lou Pino, 1/16/2014 10:12:18 AM     (No. 9694263)

Fatty hasn´t done a blessed thing for the taxpayers of New Jersey. He´s done nothing except campaign for himself.

There´s not a dime´s difference between him and his ultra leftist predecessors.

Yup - - he´s a cinch to be the 2016 Pubbie candidate!

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Reply 4 - Posted by: Ribicon, 1/16/2014 10:16:38 AM     (No. 9694270)

Christie pulls a page from Barry´s playbook: "It´s Corzine´s fault," making much bluster but doing very little to address criminally lavish pensions and salaries in the bloated government sector. Meanwhile, sky-high property taxes strangle the elderly.

FTA: "The state´s per-capita budget deficit, for example, was $727 in 2012, worst in the nation. On average, states were running a per-capita surplus of $364. New Jersey also has one of the highest levels of per-capita long-term liabilities — $7,935 — nearly three times the national average. And its ´net asset ratio´ is -1.33, the worst in the nation."

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Reply 5 - Posted by: Cavallodifiero, 1/16/2014 10:57:26 AM     (No. 9694321)

When was the last time New Jersey was healthier particularly under a liberal administration. I don´t much like Christie, but I am starting to appreciate him a bit now that the press and the Dems hate him.

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Reply 6 - Posted by: killerbee, 1/16/2014 11:06:39 AM     (No. 9694334)

To be fair, he inherited an insolvent state. Then he attacked the Teacher´s Union and everyone thought he´d be tough on unions and rein in corruption. Well, it´s only the teachers, apparently, that Christie wanted to bring in line. The rest of the unions continue to run rampant and corruption still infests every level of government in the state.

I´m not sure if he could have done anything about it. He was preceded by Jim McGreevy and Jon Corzine and two bigger criminals you haven´t seen in public office (even the current WH resident, they´re that bad). But he sure could have been better for individual liberty. He´s a leftist totalitarian calling himself a Republican. Just like so many others.

Why do people think that leftist Republicans are the best bet for the future of the GOP and everyone on the right who rejects them is an extremist?

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Reply 7 - Posted by: Country Boy, 1/16/2014 11:25:48 AM     (No. 9694360)

Thinking this is one more of those "drive-by" hits by the MSM.

NJ General Obligation bonds are rated Aa3 by Moodys. Not at the very top of all states, but better than most.

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Reply 8 - Posted by: Country Boy, 1/16/2014 11:28:31 AM     (No. 9694364)

Just to add, for folks not well versed, NJ has a inordinate heavy presence of Major Pharmaceutical firms headquarter in the state. Very wealthy companies. Mostly high profit, very stable stream of revs, big employers, and big property taxpayers.



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Reply 9 - Posted by: absalom, 1/16/2014 3:12:12 PM     (No. 9694686)

NY/PA/NJ was the hub of the Liberal Progressive GOP axis from the Gilded Age in 1877 till FDR; morphing into rock solid blue since. Every NJ GOV from Woodrow Wilson on, has been a lefty, regardless of party, Christie being the latest. It remains the highest per capita taxed state and Christie has done squat to ameliorate this condition. His notoriety derives from a mouth the size of his waist and gins up msm attention. He has done absolutely nothing to better NJ for its citizens and taxpayers. Nothing. Yet his fan club insists he´a POTUS material. Hey, they don´t call the GOP the stupid party w/o cause.

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