The integrity Washington is lacking
Remember Chris Christie, the Republican who defeated Gov. Jon Corzine in New Jersey last year? Well, here’s his address to a joint session of the New Jersey legislature about the budget crisis there. I can’t embed the video, so you’ll have to go over and watch it. I have to agree with Hunter Baker’s assessment (hat tip to him for the link to the speech) that this speech is “one of the most astounding speeches and demonstrations of leadership I have ever seen.” It really is worth the time to watch because it represents everything that we’re not seeing out of the Obama Administration and the Democratic Congress with regards to fiscal honesty and responsibility.
To give you an idea of the magnitude of the problem in New Jersey, the annual state budget is currently around $17 billion. However, New Jersey has $90 billion in unfunded pension and medical benefit costs. Gov. Christie points out that New Jersey would have to spend $7 billion every year going forward — nearly half of its annual budget — to make those unfunded pension and medical costs good. ..bruce..
Category: 2010 Election, Idiot Congresspersons, Main, Obama Administration, Sea of deficits, US Politics, Video, You Say You Want a Revolution?
About the Author (Author Profile)
Webster is Principal and Founder at Bruce F. Webster & Associates, as well as an Adjunct Professor of Computer Science at Brigham Young University. He works with organizations to help them with troubled or failed information technology (IT) projects. He has also worked in several dozen legal cases as a consultant and as a testifying expert, both in the United States and Japan. He can be reached at bwebster@bfwa.com, or you can follow him on Twitter as @bfwebster.Subscribe
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