Friday, February 4, 2011

I Guess New Jersey Can Print Money After All


Inquirer Editorial: Christie's casino. (Philadelphia Inquirer, 2/3/2011)

Excerpt: At one town-hall meeting last year, Christie told a woman who opposed cuts to the local library: "Unlike the United States of America, the State of New Jersey can't print money." At another gathering, Christie said the state would "go broke" if his plan to cap property taxes wasn't implemented.

So, if New Jersey is so cash-strapped, why is Christie giving a $261 million tax break to a half-built casino in Atlantic City?

Just imagine the claims of socialism if a Democratic governor wanted to give public money to a private company in a sweetheart deal. But Christie, a darling of the GOP, called the $261 million tax reimbursement plan for the Revel Casino an "investment
."

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