CapitalGainsandGames Washington, Wall Street and Everything in Between



spending cuts

Posted by Stan Collender

Stan Collender's picture

Back in April, I wrote about New Jersey Governor Jon Corzine's "testicular fortitude" when he announced a 2009 budget that proposed tp reduce spending below the previous year by eliminating three whole departments and 5000 jobs.  I was, and continue to be, extremely impressed with what Corzine proposed.

Unfortunately, it doesn't appear as if New Jersey voters are as impressed.  Since he proposed the budget, Corzine's approval ratings have dropped steadily and the primary reason appears to be the spending cuts he proposed.

The irony is that a previous New Jersey governor, Jim Florio, was bounced from office in 1993 partly because he dared to propose tax increases.  Florio then lost the Democratic nomination to Corzine in 2000 when he tried to run again.




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