N.J. Revenue Continues to Fall: Budget Cuts Possible

N.J. officials debate budget cuts as state revenue continues to fall short of projections | NJ.com.

Even as the national economy experiences a modest rebound, New Jersey’s revenue, which is a reflection of the state’s economic activity, continues to fall. While the administration has been very effective at propaganda and hammering of the public sector unions, it has shown a terminal inadequacy in the economic field.

At the core of Christie’s failure to revitalize the New Jersey economic life is his adherence to ideological models that have been empirically proven ineffective.

We face very complex economic challenges and we need widespread reforms to face then. Neither political party will undertake those reforms because they would mean the end of their enormous privileges.