Daily Archive
Stories Posted on December 6, 2007
TOPIC OF THE DAY: Budget gimmicks
Category: Initiative and Referendum · State: New Jersey · Source: Asbury Park Press
Gov. Corzine's asset monetization scheme is a folly of biblical proportions. Paying off past debt by borrowing against future income is foolish, particularly when that income is generated by increased taxes or fees imposed upon already overburdened taxpayers.