OK Steve . . . before Chris Chrisite, who really cared? Was it the State Senate or the State Assembly that stood up for the pockets of the taxpayers? Two administrations of pork spending and raising taxes to the levels it is at today. Actually 3, if you throw in Florio. Whether you like Christie or not, agree with his policies or not, he is doing what he promised when he when he ran for election, he said “I will not raise Taxes.” He didn’t wait a few months like his predecessor and announce, “Oops” I made a mistake.
Neither McGreevy nor Corzine attempted to reign in taxes. A Democrat controlled legislature for over 8 years, had 115 separate tax increases, and now they are indignant over Christie who has been in office for a short time. What did the Democrats do about all the private sector jobs lost during that time?
State spending and tax revenues climbed more than twice the rate of inflation from 1980 to 1990. State-government employment had outpaced population growth. The U.S. population grew in the 1980's by 10 percent, as state employment grew by almost 30 percent.
A study by the American Legislative Exchange Council showed that state-government pay grew at a faster pace than private-sector pay. For every dollar increase in compensation received by private-sector workers, state-government workers received $6.30.
Both 1990 and 1991 were record tax increase years for New Jersey, while expenditures surged, and no reduction in spending. In 1991 state spending rose by 10 percent and in 1992 it grew by 12 percent. In 1992 alone spending rose 26.0 percent in New Jersey.
Bottom line is that Florio, McGreevy, and Corzine were governors who tried to fight budget deficits with major tax increases. All it did was hurt the state’s economy and did little to put on cork on the flowing bottle of red ink.
After pledging no new taxes, (where have I heard that before… was it Corzine?) Florio shoved and ram-rodded through the legislature a "bilk the rich" $2.8-billion tax hike to bestow a massive infusion of funds to the inner-city schools. Immediately sinking the economy into a deeper into recession, while business bankruptcies increased by 150 percent, 300,000 jobs were lost, and the unemployment rate rocketed to 9.1 percent--the highest in the nation. Governor Florio declared that his tax hike was an unavoidable dose of bitter medicine to balance the budget. The truth of the matter is that Florio was among the three biggest spending governors in the nation. In 1991 the budget grew by 8.4 percent; that increase was followed by a 1992 budget expansion of 26.1 percent (the third largest in the nation). In his first two years the budget grew by more than $3,000 per family.
Corzine picked up the baton and continued the tradition, and now the Democrats want to point the finger and switch the woes of the state on a Governor who took office on January 19, 2010. After a year and 4 months, the state’s problems are now the fault of Chris Christie.
Florio lied along with Corzine when they said they wouldn’t raise taxes, and now the Democrat legislature is doing whatever they can to force Christie to renege on his promise of not raising taxes.
I ask Sweeney . . . who cared in the ten years the Democrats were in control?