New Jersey’s Bonded Debt Soars to Nosebleed Heights: $46.1 Billion
The results of New Jersey’s latest big-picture fiscal checkup are in, and they reveal a state that continues to be saddled with a staggering amount debt – despite recent efforts to wind down Trenton’s time-worn borrowing habit. Click to expand/close For starters, New Jersey’s bonded debt grew by nearly $3.2 billion during the past fiscal year,…
Doesn’t seem to matter which party is in charge here, bottom line is, they are chronic over- spenders, and never cut the programs/ giveaways, period. Spending $300 million on that statehouse is a disgrace- is like putting expensive lipstick on a pig! The place still sits in a disgusting, dirty, crime- ridden and deteriorating city, once quite decent, with little industry/ jobs, outside of government workers and lobbyists- they should have moved the capital to Asbury Park, years ago: easier to get to, centrally- located, and, at least there’s an ocean and some revitalization going on, there!