Chris Christie

New Jerseys new Governor Chris Christie speaks to a group of mayors and tells it like it is.
This is what is coming our way. We can no longer pretend everything is gonna be OK, and continue to kick the can down the road.

New Jersey League of Municipalities.

NJ is facing a $2.3b budget deficit out of a $29b budget. With that in mind, it's nearly impossible to fathom that our Federal Government spends twice the amount it takes in. Can you imagine NJ with a $19b budget deficit rather than a $2.3b? What kind of cuts would be needed? Now let's pretend the bozos in DC had to do the same and have a balanced budget. Wow.....no way.

Also......
Gov. Chris Christie today will create a commission to privatize as many as 2,000 state jobs beginning next January, officials said Wednesday night. 




50% of the federal budget right now goes to entitlements.
This last month we posted a record $220.9 billion budget deficit.  We took in $107 billion but spent $328 billion.
Isn't that special.  We only funded 32% of expenditures?
Remember - entitlements were half of that $328 billion.
So let's see if we can do the math here.
Entitlements were about $164 billion last month in spending.  The rest was, of course, the rest.
But we only took in $107 billion.
So even if we eliminated all entitlement spending we still did not have enough money to cover the rest.
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