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Greenwald in Full Spin Mode!

August 6, 2010

Instead of Greenwald’s Summer Side Show, Shine a Light on Democratic Budget Crisis, Deficits, Failed Leadership

Lou Greenwald Photo Credit: T. Kurdzuk/Star-Ledger

Governor Christie Closed $13 Billion in Budget Deficits Without Tax Increases AND Saved Taxpayers Billions in First Six Months in Office

Democrats Failed New Jersey Families With Binge Spending, Skyrocketing Taxes & Debt…

 

Democrats Raised Taxes 115 Times Over 8 Years Before Governor Christie Took Office – Yet Still Left An $11 Billion FY2011 Deficit and Massive Debt

 

  • State Spending Surged 59% Between 2001 ($21.8 Billion) and 2008 ($34.6 Billion)
  • New Jersey’s Debt Ballooned From $16 Billion in 2001 to Over $52 Billion in 2009

 

Governor Christie Fixed The $11 Billion FY 2011 and $2.2 Billion FY 2010 Deficits Inherited From Democrats and Rejected More Tax Increases While Cutting Government Spending and Taxes…

 

Governor Christie Overcame An $11 Billion (37 Percent) Budget Deficit By Cutting Spending And Not Raising Taxes

 

“Christie would seem to get most of what he wanted — a budget that truly begins to scale back the size of our state government and does not rely on a bevy of tax increases. He gets a budget that makes the best of a recession situation…” (Courier-Post, 6/24/10)

 

A long overdue antidote to profligate spending and fiscal mismanagement that stretches back at least 20 years, the governor’s budget plan includes reductions that will affect all New Jerseyans.  Overall, we agree with Gov. Christie and his campaign to trim government service and spending. There is no other way to address the $10.7 billion shortfall bedeviling the state, no other course to correct a system so overextended it’s in danger of collapse. (Trenton Times, 3/18/10) 

Governor Christie Saved Local Governments $314 Million By Signing First-Step Pension And Benefit Reform Legislation Into Law

 

  • Legislation Required Local Government Public Employees To Contribute To Their Generous Medical Benefits; and
  • Rolled Back Expansion Of Pension Benefits, Producing Savings To The Various Pension Systems Of Approximately $80 Million During The Next 5 Years And Even Greater Savings Going Forward

 

Governor Christie Vetoed An Income Tax Rate Hike, Saving Taxpayers And Small Businesses $637 Million.

 Gov. Christie:

“While I have little doubt that the sponsors and supporters of this bill sincerely believe that the State can tax its way out of this financial crisis, I believe that this bill does nothing more than repeat the failed, irresponsible and unsustainable fiscal policies of the past.”

(Gov. Christie Veto Message, 5/20/10)

Governor Christie Cut Taxes By Sunsetting The Corporate Business Tax Surcharge, Saving Employers $90 Million

 

Additional Savings And Reforms In Governor Christie’s First Six Months

 

  • Enacted Cap 2.0, A 2 Percent Hard Cap On Annual Property Tax Levy Increases

 

  • Proposed 33 initiatives To Reduce Costs For Counties, Municipalities, School Districts And Higher Education Institutions

 

  • Challenged The Public Education Establishment To Reduce Costs, Which Led To The Highest Ever Percentage Of School Budgets Defeated By The Voters And Reductions To School Property Taxes Of $150 Million

 

  • Spared Employers An Average $400 Per Employee, Or 52%, Increase In The Unemployment Insurance Payroll Tax And Instituted Benefits Reforms That Will Reduce The Unemployment Compensation Fund’s Reliance On Employer Contributions

 

  • Overhauled State Government’s Regulatory System And Reduced The Red Tape That Stifles Economic Growth And Imposes Costs On Businesses And Citizens

 

  • By the end of FY 2011, State Government’s Workforce Will Have Been Reduced By Over 1,000 Employees

 

Lou Greenwald Photo Credit: T. Kurdzuk/Star-Ledger

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One Comment leave one →
  1. Sharella permalink
    August 6, 2010 1:26 pm

    Lou Greenwald is part of the problem with Camden County, not the solution. He is continually re-elected because of what he does for democrats, not the people of Camden County. For change to come in Camden County, he needs to be voted out, along with all of his cronies in local government.

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