WTF/WTH Wednesdays – States Running Out of Money…

A couple of months ago I was one of the critics of New Jersey’s Governor Chris Christie when he cancelled the largest infrastructure project in the United States; the new tunnel between New Jersey and New York which could have doubled commuter train service.  This project would have created 6,000 construction jobs and 45,000 jobs once it was completed.  When you look at it from that point of view of course it looks to be a RIDICULOUS decision, BUT when you look at the reality of the budget situations for states I don’t know how anyone can expect Christie to move forward with a huge expenditure like the Hudson River Tunnel.

As Christie stated on 60 Minutes the Day of Reckoning is here, how much longer can we continue to spend without first securing the fiscal stability of this country?  The answer is not much longer…

States are going broke and Joe Q Public doesn’t seem to realize this is going on; states are spending more than they take and raising taxes is NOT the answer.  Just look at New York, New Yorker’s pay a ton in taxes for years now and we still have a $10 Billion dollar deficit.  So what is the answer??

STATES HAVE TO STOP SPENDING!!!!!

We can’t expect Governors like Christie to OK projects they can’t pay for and create a larger deficit while already facing a $10 Billion deficit.  As the 60 Minutes piece highlighted a state like Illinois is a complete joke, it’s a DEADBEAT state.  They spend double the amount they take in from taxes; what sense does that make?

If we don’t start paying attention to this situation and STOP the demonization of Governors like Christie and Andrew Cuomo who are making the tough decisions; raising taxes on the rich and corporations will no longer cover as they only put a band-aide on what is really the issue.

Ask yourself this…  If you owned a business how long could you run that business spending more money than you actually took in?

In actuality it is simpler than that; if you live on your own and pay rent/mortgage and have bills like electricity/water.  How long could you stay above water if your expenses were greater than your income?  NOT VERY LONG!!!!

Unlike States, John Q Public does not have the federal government to bail them out… and with our National Deficit hovering around $14 Trillion soon States will not have the D.C. to bail them out.  If people thought the snow removal 2 weeks ago was bad; you haven’t seen anything yet.

CUTS CUTS CUTS to all types of City and State services….

As always….

If there is something to be said, “It’s On Broadway” to step up and say it!!

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Author: Bobby Broadway

Born and raised in the Borough of Queens; with the backdrop of Manhattan only a stones throw away. I'm a college educated man with Independent thought, who is not afraid of an debate. It's very simple, you respect me and I will respect you...

1 thought on “WTF/WTH Wednesdays – States Running Out of Money…”

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