Mr. Corzine...said that he felt compelled to sign the order after he and the Democrat-controlled Legislature could not reach agreement on Mr. Corzine’s proposal to help balance the budget by raising the sales tax to 7 percent from 6 percent.
Corzine insists that it's time for a responsible budget that doesn't rely on gimmicks:
State Treasurer Bradley Abelow on Friday told the Democrat-led Assembly New Jersey was one of only a few states whose finances had not improved, though the U.S. economy has grown for four years, because it relied on fiscal gimmicks.
Corzine and legislative leaders were due to meet this morning, and the legislature will keep meeting every day until a solution is found, but whatever happens, we should be glad that unlike almost everyone else, Corzine isn't playing games with the budget. He's serious about ending the fiscal insanity:
"I am prepared to compromise and I have...There have been significant accommodations to the Legislature, but there will not be a continuation of the practices of the past that leave New Jersey practically in the same shape as the Katrina-ravaged Gulf states who are the only states, after roughly five years of economic expansion, that still have a rating in the red."
Thank you, governor. It's nice to see there are still some adults in charge of things.
