Buyer’s Remorse

After three weeks as Governor of New Jersey, Jon Corzine might find himself longing for the less stressful days of the United States Senate. The not-his-fault news has not been good: the Unemployment Fund is out of money, the Transportation Trust Fund is out of mone, the School Construction Corporation is out of money, the Open Space Preservation Fund is out of money, the state pension system faces serious financial troubles, and the state budget is facing a $4 billion hole. Some insiders say the New Jersey Supreme Court can add to the budget woes by ordering several billion dollars be spent on school construction for Abbot districts, and a payment to the pension plan. At the same time, legislators (especially those who remember the early 1990’s) are looking at independent polls showing New Jersey’s unwilling to accept tax increases. The house Corzine has bought apparently needs more than just a little paint to fix it up, and to make matters even less comfortable, his friend down the hall wants his house back.

Buyer’s Remorse