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Its
still December, and already Jim McGreevey is hard at
work. He hasnt even taken office yet as our next
governor, but he is off to a busy start. Its really
no surprise that his hard work would be starting early,
when you consider the financial mess the Republicans
in the State House are about to leave him. It is as
if they are intent on emptying all of the shelves, cupboards
and petty cash, before they turn out the lights and
leave control of the place next month. If there were
ever a truer time to say, No mans life,
liberty and property is safe when the legislature is
in session, that time would be now.
While
most of his predecessors have been able to enjoy their
election victories, and spend their last month before
taking office planning their transition, Jim McGreevey
has instead had to worry about how he will plug the
hole in the leaking state economy.
Worse
yet, the Republicans are standing in the sinking boat,
drilling holes in the deck. Republicans have spent and
bonded their way into the annals of financial infamy.
At
the start of the Whitman era, New Jersey had $4 billion
in debt. As the Republicans relinquish control, those
politicians who cut our taxes, leave us
with $16 billion in debt.
The
real headache for McGreevey, unrealistic revenue expectations,
the downturn in the economy and the costs of terrorism,
leaves the state in a $1.9 billion budget shortfall,
and McGreevey fears it could grow to $4 billion by next
year.
Does
this stop the Republicans? Nope! After all, they are
still in control, and as Boss Tweed of Tammany Hall
fame once said, As long as I count the votes,
what are you going to do about it?
Instead
of showing restraint, the State Senate Budget and Appropriations
Committee just voted on 12 bills that would cost the
state more than $350 million, including a $135 million
plan to restore dams, lakes and streams. Suddenly, as
the money is running out, Republicans have become environmentalists.
Other proposed legislation cuts taxes on cigars and
other tobacco products, at a cost to taxpayers of $5
million. But truly disgraceful, and the winner of the
chutzpah award is state Sen. Walter Kavanaughs,
R-Somerset, bill boosting the pensions of some long-term
legislators, adding thousands of dollars a year to their
state pensions. Does it surprise you that his bill was
posted for an immediate vote? Boss Tweed must be smiling.
If
I could give one piece of advice to readers, it would
be to contact your state legislators and encourage them
to go home early this year. This lame-duck Legislature
is aptly named. It is truly lame.
The
good news is that our governor-elect is on the job and
leading the charge for fiscal responsibility. His call
to Acting Gov. Donald DiFrancesco to revise revenue
forecasts, and his demand that the Republicans curtail
their run on the states bank, with an across-the-board
freeze on all state spending, has out conservatived
the conservatives, much to the surprise of the State
House establishment.
It
is not that Jim McGreevey has suddenly become a conservative.
Rather, he has become the voice of responsibility amidst
an irresponsible Legislature.
Jim
McGreevey has learned from the mistakes of the past,
and is going to focus on putting the states fiscal
house in order before all other priorities. That is
good for him, good for Democrats and good for New Jersey.
As always, McGreevey is focused and on message.
He
recalls the terrible choices former Gov. James Florio
faced in 1990, and he is intent on not allowing history
to repeat itself. Florio, you will recall, also faced
a budget crisis, and in response, pushed through a $2.8
billion tax increase, the unpopularity of which doomed
him to become a one-term governor, and led to the loss
of the state Legislature to the current gang I write
of so highly.
Unfortunately,
fiscal restraint means plugging things up on one end
or the other. If you are not going to raise taxes, you
must cut or defer spending. Thus, McGreevey, who promised
no tax increase, is showing the leadership New Jersey
needs by calling on the Legislature not to use their
final days for Christmas shopping with state revenues.
It
is clear, Jim McGreevey has hit the ground running in
other areas as well, such as his establishment of an
assessment of the states preparedness to counter
bioterrorism.
Difficult
times require a leader who gets things done. Jim McGreevey
is a result-oriented, hands-on manager, and those traits,
which propelled him to his landslide victory, will now
serve us all well.
February
11, 2002
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