The Press of Atlantic City today published my view on the Governor’s plan to raise tolls and bring the State further and longer in to debt. Here is what I wrote:
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Just repudiate New Jersey debt
Gov. Jon S. Corzine has asked if anyone has another plan to solve the state’s financial woes. Here is a plan:
Repudiate the state’s debt.
All debt contracted without voter consent is both unconstitutional and illegal. Therefore, the state should just repudiate the large share of the debt that was not approved by voters, cut spending in the budget and lower the tolls.
JESSE O. KURTZ
Atlantic City
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Tell Governor Corzine to abide by the law. Attend the Taxpayer Townhall meetings with the Governor. Check http://www.state.nj.us/townhallmeetings/listing/ for location and time. The Governor should also be reached through phone and mail, Office of the Governor, PO Box 001, Trenton, NJ 08625, 609-292-6000. Then, contact the legislature. http://www.njleg.state.nj.us/districts/districtnumbers.asp has a district-by-district breakdown, with information for your legislators. Tell them to repudiate the debt and cut spending.
(Reading – http://www.pressofatlanticcity.com/opinion/letters/story/7527819p-7429355c.html)
January 14, 2008 at 3:47 pm |
Wouldn’t that cause NJ to default on its debts and them be unable to borrow money in the future? Kind of like a personal bankruptcy ruins your credit? I think that might cause problems….
January 15, 2008 at 2:53 pm |
http://www.city-journal.org/2008/eon0114ng.html
January 18, 2008 at 5:26 am |
If the tolls were abolished, consider the increased income availability of every business that uses tollroads thousands of times per day for commercial purposes. The increased annual availability of income alone will raise the percentage of state income tax of every employer and employee of those businesses. Why punish a certain group of people–drivers–by forcing them to pay for the mistakes of unbelievably stupid government?
January 22, 2008 at 8:44 pm |
I think your take on another option to cut the states woes has a valid point. Why is it that such a fact that “All debt contracted without voter consent is both unconstitutional and illegal” has not been raised before? The fact is that it’s not a simple situation, but undermining the hard working people of New Jersey is a serious as any scandal that is all over the news these days. I hear alot of people saying things like “oh well, what can you do about it?” I think those same people would react with much more concern if on payday, their wallets were illegally contracted without consent. I thank you for atleast raising such a sad yet valid point. When will we stop and realize that we were officially robbed, our wallets were pick pocketed as we stood in line to pay a toll. you better wear your seat belt folks, this is going to be a speedy, bumpy ride and you know how the rest of the story goes.