What do you do when your Privatization Schemes fail to deliver on the promised economic republican-style growth, that you've explained let you drastically slash your state's budget?
Well if you're the Governor of New Jersey you punt -- you pass the burden of funding Government on to the 'next guy' lucky enough to inherit your budgetary shoes.
Christie bolsters new budget with $2.6 billion short-term loan
by Salvador Rizzo, The Star-Ledger -- July 14, 2014
TRENTON — Crunched for cash, New Jersey officials have taken out a short-term loan of $2.6 billion to pay the first bills coming due in the state budget.
Gov. Chris Christie's new $32.5 billion budget took effect July 1. His administration took out a $2.6 billion loan from J.P. Morgan on the same day as a "cash flow facility to help meet the state’s working capital needs," according to the state Treasury Department.
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That's the Republican-way --
float a Wall Street Loan -- to make your state government ends meet.
But don't ever, ever, EVER --
raise Taxes -- like the Constitution intended.
That's just Crazy Talk!
AND you'll never guess what they're calling this emergency, stop-gap New Jersey-style Loan ...?
The need for a "bridge loan" is another sign of how hectic and difficult it can be for governors to manage New Jersey's budget.
I wonder if Christie has any other fool-proof promises, he wants to try to sell us?
Any other Republican 'Bridges to Nowhere' -- that no one will pay for ...
Except for some responsible Democratic Administration, destined to clean up their Republican mess.
Same as it ever was.